IRIS Accounts Production v23.2.0.158 05156873 director 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051568732022-06-30051568732023-06-30051568732022-07-012023-06-30051568732021-06-30051568732021-07-012022-06-30051568732022-06-3005156873ns10:Originalns15:EnglandWales2022-07-012023-06-3005156873ns14:PoundSterlingns10:Original2022-07-012023-06-3005156873ns10:Originalns10:Director12022-07-012023-06-3005156873ns10:Original2022-07-012023-06-3005156873ns10:Original2023-06-3005156873ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3005156873ns10:Originalns10:SmallEntities2022-07-012023-06-3005156873ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3005156873ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3005156873ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3005156873ns10:Originalns10:FullAccounts2022-07-012023-06-3005156873ns10:CompanySecretary1ns10:Original2022-07-012023-06-3005156873ns10:Originalns10:RegisteredOffice2022-07-012023-06-3005156873ns10:Original2022-06-3005156873ns10:Originalns5:CurrentFinancialInstruments2023-06-3005156873ns10:Originalns5:CurrentFinancialInstruments2022-06-3005156873ns10:Originalns5:Non-currentFinancialInstruments2023-06-3005156873ns10:Originalns5:Non-currentFinancialInstruments2022-06-3005156873ns5:ShareCapitalns10:Original2023-06-3005156873ns5:ShareCapitalns10:Original2022-06-3005156873ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3005156873ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3005156873ns10:Originalns5:PlantMachinery2022-07-012023-06-3005156873ns10:Original2021-07-012022-06-3005156873ns10:Originalns5:PlantMachinery2022-06-3005156873ns10:Originalns5:PlantMachinery2023-06-3005156873ns10:Originalns5:PlantMachinery2022-06-3005156873ns10:Original2022-06-3005156873ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3005156873ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 05156873 (England and Wales)












Tractionbc Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023






Tractionbc Limited (Registered number: 05156873)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Tractionbc Limited

Company Information
for the Year Ended 30 June 2023







Director: M Johnson





Secretary: Mrs K M Johnson





Registered office: 1 The Grange, Lunnsfield Lane
Burton Salmon
Leeds
West Yorkshire
LS25 5JL





Registered number: 05156873 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Tractionbc Limited (Registered number: 05156873)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,250 3,000
Investment property 5 142,610 142,610
144,860 145,610

Current assets
Debtors 6 29,405 29,475
Cash at bank 4,201 7,646
33,606 37,121
Creditors
Amounts falling due within one year 7 10,810 7,911
Net current assets 22,796 29,210
Total assets less current liabilities 167,656 174,820

Creditors
Amounts falling due after more than one
year

8

109,768

109,778
Net assets 57,888 65,042

Capital and reserves
Called up share capital 10 10
Retained earnings 57,878 65,032
57,888 65,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Tractionbc Limited (Registered number: 05156873)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





M Johnson - Director


Tractionbc Limited (Registered number: 05156873)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. Statutory information

Tractionbc Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

Tractionbc Limited (Registered number: 05156873)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 July 2022
and 30 June 2023 28,923
Depreciation
At 1 July 2022 25,923
Charge for year 750
At 30 June 2023 26,673
Net book value
At 30 June 2023 2,250
At 30 June 2022 3,000

5. Investment property
Total
£   
Fair value
At 1 July 2022
and 30 June 2023 142,610
Net book value
At 30 June 2023 142,610
At 30 June 2022 142,610

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 142,610

If the investment property had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 142,610 142,610

The investment property was valued on an open market basis on 30 June 2023 by the director. .

Tractionbc Limited (Registered number: 05156873)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. Debtors: amounts falling due within one year
30.6.23 30.6.22
£    £   
Other debtors 29,405 29,475

7. Creditors: amounts falling due within one year
30.6.23 30.6.22
£    £   
Taxation and social security - 3,395
Other creditors 10,810 4,516
10,810 7,911

8. Creditors: amounts falling due after more than one year
30.6.23 30.6.22
£    £   
Bank loans 109,768 109,778