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COMPANY REGISTRATION NUMBER: SC311793
TRACS ASSETS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 February 2024
TRACS ASSETS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
Contents
Page
Officers and professional advisers
1
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position and the notes to the financial statements
3
TRACS ASSETS LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr D Austin
Mrs S Austin
Company secretary
Mrs S Austin
Registered office
11 Bon Accord Crescent
Aberdeen Business Centre
Aberdeen
Scotland
AB11 6DE
Accountants
Ritsons
Chartered Accountants
26-30 Marine Place
Buckie
Moray
AB56 1UT
TRACS ASSETS LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TRACS ASSETS LIMITED
YEAR ENDED 29 FEBRUARY 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tracs Assets Limited for the year ended 29 February 2024, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Tracs Assets Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Tracs Assets Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tracs Assets Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Tracs Assets 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 Tracs Assets Limited. You consider that Tracs Assets 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 Tracs Assets 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.
Ritsons Chartered Accountants
26-30 Marine Place Buckie Moray AB56 1UT
19 August 2024
TRACS ASSETS LIMITED
STATEMENT OF FINANCIAL POSITION
29 February 2024
2024
2023
£
£
Fixed assets
64,453
74,642
--------
--------
Current assets
77,557
34,121
Creditors: amounts falling due within one year
42,860
48,905
--------
--------
NET CURRENT ASSETS/(LIABILITIES)
34,697
( 14,784)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
99,150
59,858
Accruals and deferred income
1,500
1,500
--------
--------
97,650
58,358
--------
--------
Capital and reserves
97,650
58,358
--------
--------
Notes to the financial statements
1. Directors' advances, credits and guarantees
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 19 August 2024 , and are signed on behalf of the board by:
Mr D Austin
Mrs S Austin
Director
Director
Company registration number: SC311793
The company is a private company limited by shares, registered in Scotland.