Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-311false2022-06-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05880209 2022-06-01 2023-05-31 05880209 2023-05-31 05880209 2021-06-01 2022-05-31 05880209 2022-05-31 05880209 c:Director1 2022-06-01 2023-05-31 05880209 d:FurnitureFittings 2022-06-01 2023-05-31 05880209 d:FurnitureFittings 2023-05-31 05880209 d:FurnitureFittings 2022-05-31 05880209 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 05880209 d:ComputerEquipment 2022-06-01 2023-05-31 05880209 d:ComputerEquipment 2023-05-31 05880209 d:ComputerEquipment 2022-05-31 05880209 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 05880209 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 05880209 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 05880209 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-05-31 05880209 d:CurrentFinancialInstruments 2023-05-31 05880209 d:CurrentFinancialInstruments 2022-05-31 05880209 d:Non-currentFinancialInstruments 2023-05-31 05880209 d:Non-currentFinancialInstruments 2022-05-31 05880209 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 05880209 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 05880209 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 05880209 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 05880209 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 05880209 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 05880209 c:FRS102 2022-06-01 2023-05-31 05880209 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 05880209 c:FullAccounts 2022-06-01 2023-05-31 05880209 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 05880209 2 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Registered number: 05880209


TRACKER IDEAS LIMITED








UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
TRACKER IDEAS LIMITED
REGISTERED NUMBER: 05880209

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Fixed assets
  

Tangible assets
 5 
317
537

  
317
537

Current assets
  

Stocks
  
2,645
2,883

Debtors: amounts falling due within one year
 6 
172
214

Cash at bank and in hand
 7 
22,532
37,888

  
25,349
40,985

Creditors: amounts falling due within one year
 8 
(11,000)
(11,571)

Net current assets
  
 
 
14,349
 
 
29,414

Total assets less current liabilities
  
14,666
29,951

  

Creditors: amounts falling due after more than one year
 9 
(14,549)
(19,441)

  
117
10,510

  

  

Net assets excluding pension asset
  
117
10,510

Net assets
  
117
10,510


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
17
10,410

  
117
10,510


Page 1

 
TRACKER IDEAS LIMITED
REGISTERED NUMBER: 05880209
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S A Marks
Director
Date: 11 November 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
TRACKER IDEAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

The company is a private limited company which is incorporated and domiciled in the UK. The address of its principal place of business and registered office is Unit 8E Old Hall Farmyard, Priory Lane, Little Wymondley, Hitchin, Hertfordshire, SG4 7BL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
TRACKER IDEAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
TRACKER IDEAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 5

 
TRACKER IDEAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 2).


4.


Intangible assets




Website costs

£



Cost


At 1 June 2022
10,000



At 31 May 2023

10,000



Amortisation


At 1 June 2022
10,000



At 31 May 2023

10,000



Net book value



At 31 May 2023
-



At 31 May 2022
-



Page 6

 
TRACKER IDEAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2022
209
1,229
1,438



At 31 May 2023

209
1,229
1,438



Depreciation


At 1 June 2022
209
692
901


Charge for the year on owned assets
-
220
220



At 31 May 2023

209
912
1,121



Net book value



At 31 May 2023
-
317
317



At 31 May 2022
-
537
537


6.


Debtors

2023
2022
£
£


Other debtors
172
214

172
214



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
22,532
37,888

22,532
37,888


Page 7

 
TRACKER IDEAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,894
4,773

Trade creditors
159
191

Corporation tax
-
172

Other taxation and social security
191
-

Other creditors
4,556
5,235

Accruals and deferred income
1,200
1,200

11,000
11,571



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
14,549
19,441

14,549
19,441


Page 8

 
TRACKER IDEAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,894
4,773


4,894
4,773

Amounts falling due 1-2 years

Bank loans
5,018
4,894


5,018
4,894

Amounts falling due 2-5 years

Bank loans
9,531
14,549


9,531
14,549


19,443
24,216



11.


Related party transactions

During the year, purchases of £2,270 (2022: £16,586) were made from Maven International Limited. 
At the balance sheet date an amount of £3,868 (2022: £3,868) was owed to S Marks, a director and shareholder. The loan is interest free and no repayment terms had been agreed at the balance sheet date. 
As at the balance sheet date an amount of £688 (2022: £1,367) was owed to Maven International Limited, a company under common control and registered in England and Wales.

 
Page 9