Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false222023-01-01No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10894963 2023-01-01 2023-12-31 10894963 2022-01-01 2022-12-31 10894963 2023-12-31 10894963 2022-12-31 10894963 c:Director3 2023-01-01 2023-12-31 10894963 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 10894963 d:PlantMachinery 2023-01-01 2023-12-31 10894963 d:PlantMachinery 2023-12-31 10894963 d:PlantMachinery 2022-12-31 10894963 d:MotorVehicles 2023-01-01 2023-12-31 10894963 d:MotorVehicles 2023-12-31 10894963 d:MotorVehicles 2022-12-31 10894963 d:CurrentFinancialInstruments 2023-12-31 10894963 d:CurrentFinancialInstruments 2022-12-31 10894963 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10894963 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10894963 d:ShareCapital 2023-12-31 10894963 d:ShareCapital 2022-12-31 10894963 d:RetainedEarningsAccumulatedLosses 2023-12-31 10894963 d:RetainedEarningsAccumulatedLosses 2022-12-31 10894963 c:FRS102 2023-01-01 2023-12-31 10894963 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10894963 c:FullAccounts 2023-01-01 2023-12-31 10894963 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10894963 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10894963










DIRECT TRACK SOLUTIONS HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DIRECT TRACK SOLUTIONS HOLDINGS LIMITED
REGISTERED NUMBER: 10894963

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
200
200

  
200
200

Current assets
  

Cash at bank and in hand
  
1,241,798
1,122,687

  
1,241,798
1,122,687

Creditors: amounts falling due within one year
 7 
(87,100)
(61,006)

Net current assets
  
 
 
1,154,698
 
 
1,061,681

Total assets less current liabilities
  
1,154,898
1,061,881

  

Net assets
  
1,154,898
1,061,881


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,154,798
1,061,781

  
1,154,898
1,061,881


Page 1

 
DIRECT TRACK SOLUTIONS HOLDINGS LIMITED
REGISTERED NUMBER: 10894963
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2024.




David Eyre
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DIRECT TRACK SOLUTIONS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Direct Track Solutions Holdings Limited is a private company limited by shares, incorporated in England and Wales (registered number: 10894963). Its registered office is Unit 9 & 10, Kingfisher Way, Dinnington, Sheffield, South Yorkshire, S25 3AF. The principal activity of the Company continued to be that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Leased assets: the Company as lessor

Where assets leased to a third party give rights approximating to ownership (finance lease), the lessor recognises as a receivable an amount equal to the net investment in the lease i.e. the minimum lease payments receivable under the lease discounted at the interest rate implicit in the lease. This receivable is reduced as the lessee makes capital payments over the term of the lease.

A finance lease gives rise to two types of income: profit or loss equivalent to the profit or loss resulting from outright sale of the asset being leased, at normal selling prices, reflecting any applicable discounts, and finance income over the lease term.

Page 3

 
DIRECT TRACK SOLUTIONS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Long-term leasehold property
-
2%
straight line
Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Taxation

Tax is recognised in the Statement of income and retained earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: 
The recognition of deferred tax assets is limited to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. 


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
DIRECT TRACK SOLUTIONS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2023
128,000
32,000
160,000



At 31 December 2023

128,000
32,000
160,000



Depreciation


At 1 January 2023
128,000
32,000
160,000



At 31 December 2023

128,000
32,000
160,000



Net book value



At 31 December 2023
-
-
-



At 31 December 2022
-
-
-

Page 5

 
DIRECT TRACK SOLUTIONS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
200



At 31 December 2023
200





6.


Debtors


7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
24,387
2,225

Corporation tax
25,330
20,182

Other taxation and social security
5,983
7,199

Accruals and deferred income
31,400
31,400

87,100
61,006



8.


Controlling party

The immediate controlling party is NBT UK Holdings Limited. The ultimate controlling party is NBT Neue Bahntechnik Holding AG a company incorporated in Switzerland.

 
Page 6