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REGISTERED NUMBER: 02023345 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TRACTS VEHICLE REPAIRS LIMITED

TRACTS VEHICLE REPAIRS LIMITED (Registered number: 02023345)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

TRACTS VEHICLE REPAIRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs N H Hobbs
K Searle





SECRETARY: Mrs K Searle





REGISTERED OFFICE: l98 Leesons Hill
Chislehurst
Kent
BR7 6QH





REGISTERED NUMBER: 02023345 (England and Wales)





ACCOUNTANTS: F C Gillmore & Co Limited
198 Leesons Hill
Chislehurst
Kent
BR7 6QH

TRACTS VEHICLE REPAIRS LIMITED (Registered number: 02023345)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,440 4,976

CURRENT ASSETS
Stocks 8,225 8,037
Debtors 5 8,754 10,417
Cash at bank and in hand 314,972 253,850
331,951 272,304
CREDITORS
Amounts falling due within one
year

6

45,817

37,341
NET CURRENT ASSETS 286,134 234,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,574

239,939

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 296,474 239,839
SHAREHOLDERS' FUNDS 296,574 239,939

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.

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 14 August 2024 and were signed on its behalf by:





K Searle - Director


TRACTS VEHICLE REPAIRS LIMITED (Registered number: 02023345)

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

1. STATUTORY INFORMATION

TRACTS VEHICLE REPAIRS 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 represents the net invoiced work done, excluding VAT.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

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.

TRACTS VEHICLE REPAIRS LIMITED (Registered number: 02023345)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 246,232
Additions 8,510
At 31 December 2023 254,742
DEPRECIATION
At 1 January 2023 241,256
Charge for year 3,046
At 31 December 2023 244,302
NET BOOK VALUE
At 31 December 2023 10,440
At 31 December 2022 4,976

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,394 8,096
Other debtors 1,360 2,321
8,754 10,417

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,567 14,006
Amounts owed to group undertakings 5,851 5,851
Taxation and social security 27,208 14,293
Other creditors 3,191 3,191
45,817 37,341

7. ULTIMATE CONTROLLING PARTY

The Ultimate Holding Company is Hobbs Refrigerated Transport
Limited which is 90% controlled by Mrs N H Hobbs.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TRACTS VEHICLE REPAIRS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TRACTS VEHICLE REPAIRS LIMITED for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of TRACTS VEHICLE REPAIRS LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TRACTS VEHICLE REPAIRS LIMITED and state those matters that we have agreed to state to the Board of Directors of TRACTS VEHICLE REPAIRS LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TRACTS VEHICLE REPAIRS LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TRACTS VEHICLE REPAIRS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TRACTS VEHICLE REPAIRS LIMITED. You consider that TRACTS VEHICLE REPAIRS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TRACTS VEHICLE REPAIRS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






F C Gillmore & Co Limited
198 Leesons Hill
Chislehurst
Kent
BR7 6QH


15 August 2024