Registered number
04584693
Trackair Services Limited
Filleted Accounts
30 November 2023
Trackair Services Limited
Registered number: 04584693
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Stocks 3,970 950
Debtors 3 856 7,551
Cash at bank and in hand 136,636 158,142
141,462 166,643
Creditors: amounts falling due within one year 4 (1,092) (7,120)
Net current assets 140,370 159,523
Net assets 140,370 159,523
Capital and reserves
Called up share capital 100 100
Profit and loss account 140,270 159,423
Shareholder's funds 140,370 159,523
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Yorke
Director
Approved by the board on 16 August 2024
Trackair Services Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33⅓% straight line
Stocks
Stocks are measured at the lower of cost and net realisable value.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Operating leases
Rentals paid under operating leases are charged to income on a straight line basis over the
term.
2 Employees 2023 2022
£ £
Average number of persons employed by the company - -
3 Debtors 2023 2022
£ £
Other debtors 856 7,551
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 650 1,683
Other creditors 442 5,437
1,092 7,120
5 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases
within one year 5,109 -
Within two to five years 6,812 -
11,921 -
6 Other information
Trackair Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ground Floor
21 York Road
Maidenhead
Berkshire
SL6 1SQ
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