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REGISTERED NUMBER: 04003530 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

TRACK CONSULTING LIMITED

TRACK CONSULTING LIMITED (REGISTERED NUMBER: 04003530)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


TRACK CONSULTING LIMITED (REGISTERED NUMBER: 04003530)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,222 17,087

CURRENT ASSETS
Debtors 5 126,013 108,881
Cash at bank 397,431 414,469
523,444 523,350
CREDITORS
Amounts falling due within one year 6 223,996 215,142
NET CURRENT ASSETS 299,448 308,208
TOTAL ASSETS LESS CURRENT LIABILITIES 314,670 325,295

PROVISIONS FOR LIABILITIES 2,740 2,425
NET ASSETS 311,930 322,870

CAPITAL AND RESERVES
Called up share capital 8 4,006 4,006
Share premium 594 594
Retained earnings 307,330 318,270
SHAREHOLDERS' FUNDS 311,930 322,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TRACK CONSULTING LIMITED (REGISTERED NUMBER: 04003530)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:





Mr J Evans - Director


TRACK CONSULTING LIMITED (REGISTERED NUMBER: 04003530)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Track Consulting Limited is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 04003530

Registered office: Unit 3, Columbus House
Village Way, Tongwynlais
Cardiff
CF15 7NE

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.

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.
Short leasehold - 20% Straight line
Fixtures and fittings - 25% Straight line and 15% on reducing balance
Computer equipment - 33% Straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

TRACK CONSULTING LIMITED (REGISTERED NUMBER: 04003530)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 10,828 40,788 13,869 65,485
Additions - 723 6,195 6,918
At 31 December 2023 10,828 41,511 20,064 72,403
DEPRECIATION
At 1 January 2023 7,038 37,566 3,794 48,398
Charge for year 2,166 703 5,914 8,783
At 31 December 2023 9,204 38,269 9,708 57,181
NET BOOK VALUE
At 31 December 2023 1,624 3,242 10,356 15,222
At 31 December 2022 3,790 3,222 10,075 17,087

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 118,592 102,281
Other debtors 821 -
Prepayments 6,600 6,600
126,013 108,881

TRACK CONSULTING LIMITED (REGISTERED NUMBER: 04003530)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Social security and other taxes 212,941 204,425
Accruals and deferred income 11,055 10,717
223,996 215,142

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 16,150 4,777

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary A £1 1,000 1,000
1,000 Ordinary B £1 1,000 1,000
1,000 Ordinary C £1 1,000 1,000
1,000 Ordinary D £1 1,000 1,000
1 Ordinary E £1 1 1
1 Ordinary F £1 1 1
1 Ordinary G £1 1 1
1 Ordinary H £1 1 1
1 Ordinary I £1 1 1
1 Ordinary J £1 1 1
4,006 4,006