IRIS Accounts Production v23.4.0.336 08175200 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081752002022-07-31081752002023-07-31081752002022-08-012023-07-31081752002021-07-31081752002021-08-012022-07-31081752002022-07-3108175200ns15:EnglandWales2022-08-012023-07-3108175200ns14:PoundSterling2022-08-012023-07-3108175200ns10:Director12022-08-012023-07-3108175200ns10:Director22022-08-012023-07-3108175200ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3108175200ns10:SmallEntities2022-08-012023-07-3108175200ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3108175200ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3108175200ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3108175200ns10:FullAccounts2022-08-012023-07-310817520012022-08-012023-07-3108175200ns10:OrdinaryShareClass12022-08-012023-07-3108175200ns10:RegisteredOffice2022-08-012023-07-3108175200ns5:CurrentFinancialInstruments2023-07-3108175200ns5:CurrentFinancialInstruments2022-07-3108175200ns5:ShareCapital2023-07-3108175200ns5:ShareCapital2022-07-3108175200ns5:RetainedEarningsAccumulatedLosses2023-07-3108175200ns5:RetainedEarningsAccumulatedLosses2022-07-3108175200ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3108175200ns5:ComputerSoftware2022-08-012023-07-3108175200ns5:PlantMachinery2022-08-012023-07-3108175200ns5:IntangibleAssetsOtherThanGoodwill2022-07-3108175200ns5:IntangibleAssetsOtherThanGoodwill2023-07-3108175200ns5:IntangibleAssetsOtherThanGoodwill2022-07-3108175200ns5:PlantMachinery2022-07-3108175200ns5:PlantMachinery2023-07-3108175200ns5:PlantMachinery2022-07-3108175200ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3108175200ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3108175200ns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 08175200 (England and Wales)















E-TRAKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






E-TRAKS LIMITED (REGISTERED NUMBER: 08175200)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2 to 4

Notes to the Financial Statements 5 to 8


E-TRAKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: J F D Nierop
Mrs E Nierop





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 08175200 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

E-TRAKS LIMITED (REGISTERED NUMBER: 08175200)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 494 987
Property, plant and equipment 5 1,059 1,519
1,553 2,506

CURRENT ASSETS
Inventories 1,606 1,452
Debtors 6 2,392 2,376
Cash at bank 20,281 14,166
24,279 17,994
CREDITORS
Amounts falling due within one year 7 18,009 11,015
NET CURRENT ASSETS 6,270 6,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,823

9,485

PROVISIONS FOR LIABILITIES 201 289
NET ASSETS 7,622 9,196

E-TRAKS LIMITED (REGISTERED NUMBER: 08175200)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 6,622 8,196
SHAREHOLDERS' FUNDS 7,622 9,196

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

E-TRAKS LIMITED (REGISTERED NUMBER: 08175200)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:




J F D Nierop - Director



Mrs E Nierop - Director


E-TRAKS LIMITED (REGISTERED NUMBER: 08175200)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

E-Traks 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.


E-TRAKS LIMITED (REGISTERED NUMBER: 08175200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

E-TRAKS LIMITED (REGISTERED NUMBER: 08175200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 6,465
AMORTISATION
At 1 August 2022 5,478
Charge for year 493
At 31 July 2023 5,971
NET BOOK VALUE
At 31 July 2023 494
At 31 July 2022 987

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 7,649
DEPRECIATION
At 1 August 2022 6,130
Charge for year 460
At 31 July 2023 6,590
NET BOOK VALUE
At 31 July 2023 1,059
At 31 July 2022 1,519

E-TRAKS LIMITED (REGISTERED NUMBER: 08175200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,248
Other debtors 785 -
Prepayments 1,607 128
2,392 2,376

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,386 4,653
Taxation 187 604
Other taxes and social security - 3,541
Other creditors 404 775
Directors' current accounts 27 27
Accruals and deferred income 13,005 1,415
18,009 11,015

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000