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Company Registration No. 11601462 (England and Wales)
Track Obsession Ltd Unaudited accounts for the year ended 31 December 2023
Track Obsession Ltd Unaudited accounts Contents
Page
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Track Obsession Ltd Company Information for the year ended 31 December 2023
Directors
Ryan Brock Stephen Hodges
Company Number
11601462 (England and Wales)
Registered Office
Unit 1 Temple House Estate 6 West Road Harlow Essex CM20 2DU UK
Accountants
Mrs Pamela Bodell 19 The Springs Broxbourne Hertfordshire EN10 6EW
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Track Obsession Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,219 
7,827 
Current assets
Debtors
2,808 
2,808 
Cash at bank and in hand
66,243 
67,566 
69,051 
70,374 
Creditors: amounts falling due within one year
(64,888)
(62,848)
Net current assets
4,163 
7,526 
Net assets
9,382 
15,353 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,282 
15,253 
Shareholders' funds
9,382 
15,353 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by
Ryan Brock Director Company Registration No. 11601462
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Track Obsession Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Track Obsession Ltd is a private company, limited by shares, registered in England and Wales, registration number 11601462. The registered office is Unit 1 Temple House Estate, 6 West Road, Harlow, Essex, CM20 2DU, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
10,435 
At 31 December 2023
10,435 
Depreciation
At 1 January 2023
2,608 
Charge for the year
2,608 
At 31 December 2023
5,216 
Net book value
At 31 December 2023
5,219 
At 31 December 2022
7,827 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,808 
2,808 
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Track Obsession Ltd Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,876 
3,293 
Taxes and social security
5,807 
2,993 
Proposed dividends
30,000 
- 
Other creditors
25,491 
30,567 
Loans from directors
(30,462)
24,795 
Accruals
- 
1,200 
Deferred income
27,176 
- 
64,888 
62,848 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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