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REGISTERED NUMBER: 08707092 (England and Wales)














TRACOUK Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023






TRACOUK Ltd (Registered number: 08707092)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRACOUK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Bentley
A W P Jamieson





REGISTERED OFFICE: 2B Limberline Road
Hilsea
Portsmouth
Hampshire
PO3 5JS





REGISTERED NUMBER: 08707092 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

TRACOUK Ltd (Registered number: 08707092)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 674,522 662,697

CURRENT ASSETS
Stocks 2,905 3,173
Debtors 5 175,234 134,590
Cash at bank and in hand 133,939 125,959
312,078 263,722
CREDITORS
Amounts falling due within one year 6 162,575 113,932
NET CURRENT ASSETS 149,503 149,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

824,025

812,487

CREDITORS
Amounts falling due after more than one year 7 (283,774 ) (350,741 )

PROVISIONS FOR LIABILITIES 8 (23,501 ) (20,123 )
NET ASSETS 516,750 441,623

RESERVES
Income and expenditure account 516,750 441,623
516,750 441,623

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 surplus or deficit 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.

TRACOUK Ltd (Registered number: 08707092)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





J Bentley - Director


TRACOUK Ltd (Registered number: 08707092)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Recycled Assets company Ltd is a private company, limited by guarantee, 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 amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other taxes.

Grant income is recognised when the conditions of the grant have been met. Until such time all grant income is recognised as deferred income under current liabilities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 1% on cost
Plant and machinery - 50% on cost, 33% on cost, 25% on cost and 20% on cost
Fixtures and fittings - 50% on cost, 33% on cost and 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

TRACOUK Ltd (Registered number: 08707092)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 571,674 44,252 44,214
Additions - 3,617 26,155
Disposals - - -
At 31 December 2023 571,674 47,869 70,369
DEPRECIATION
At 1 January 2023 14,887 24,856 25,991
Charge for year 5,955 6,326 6,497
Eliminated on disposal - - -
At 31 December 2023 20,842 31,182 32,488
NET BOOK VALUE
At 31 December 2023 550,832 16,687 37,881
At 31 December 2022 556,787 19,396 18,223

TRACOUK Ltd (Registered number: 08707092)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 111,440 2,062 773,642
Additions 34,975 - 64,747
Disposals (32,495 ) - (32,495 )
At 31 December 2023 113,920 2,062 805,894
DEPRECIATION
At 1 January 2023 43,777 1,434 110,945
Charge for year 14,894 215 33,887
Eliminated on disposal (13,460 ) - (13,460 )
At 31 December 2023 45,211 1,649 131,372
NET BOOK VALUE
At 31 December 2023 68,709 413 674,522
At 31 December 2022 67,663 628 662,697

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 152,258 118,718
Other debtors 10,403 4,405
Prepayments 12,573 11,467
175,234 134,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 23,101 12,977
Taxation 18,075 6,683
Social security and other taxes 21,961 20,116
VAT 44,345 25,817
Other creditors 40,835 35,336
Accrued expenses 14,258 13,003
162,575 113,932

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 283,774 350,741

TRACOUK Ltd (Registered number: 08707092)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 283,774 350,741

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 23,501 20,123

Deferred
tax
£   
Balance at 1 January 2023 20,123
Accelerated capital allowances 3,378
Balance at 31 December 2023 23,501