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REGISTERED NUMBER: 03577538 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 June 2023

for

Ontraq Limited

Ontraq Limited (Registered number: 03577538)






Contents of the Financial Statements
for the Year Ended 29 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Ontraq Limited

Company Information
for the Year Ended 29 June 2023







DIRECTORS: P M Jolly
S J Mosedale





REGISTERED OFFICE: 2 High Street
Burnham on Crouch
Essex
CM0 8AA





REGISTERED NUMBER: 03577538 (England and Wales)





ACCOUNTANTS: Harvey Smith & Co DVQ Limited
A Xeinadin Company
2 High Street
Burnham on Crouch
Essex
CM0 8AA

Ontraq Limited (Registered number: 03577538)

Statement of Financial Position
29 June 2023

29.6.23 29.6.22
Notes £    £   
CURRENT ASSETS
Debtors 5 62,968 62,230
Cash at bank and in hand 242,788 363,896
305,756 426,126
CREDITORS
Amounts falling due within one year 6 57,679 98,697
NET CURRENT ASSETS 248,077 327,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,077

327,429

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 8 248,073 327,425
SHAREHOLDERS' FUNDS 248,077 327,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

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 23 October 2023 and were signed on its behalf by:




P M Jolly - Director



S J Mosedale - Director


Ontraq Limited (Registered number: 03577538)

Notes to the Financial Statements
for the Year Ended 29 June 2023

1. STATUTORY INFORMATION

Ontraq 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.

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.
Computer equipment - 33.3% on cost

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.

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 8 (2022 - 7 ) .

Ontraq Limited (Registered number: 03577538)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 30 June 2022
and 29 June 2023 7,342
DEPRECIATION
At 30 June 2022
and 29 June 2023 7,342
NET BOOK VALUE
At 29 June 2023 -
At 29 June 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Trade debtors 62,968 62,230

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Trade creditors 37,100 6,871
Taxation and social security 19,461 71,383
Other creditors 1,118 20,443
57,679 98,697

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.6.23 29.6.22
value: £    £   
4 Ordinary 1 4 4

8. RESERVES
Retained
earnings
£   

At 30 June 2022 327,425
Profit for the year 648
Dividends (80,000 )
At 29 June 2023 248,073

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £80,000 (2022 - £140,000) were paid to the directors .