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REGISTERED NUMBER: 08803901 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Trakker Solutions Ltd

Trakker Solutions Ltd (Registered number: 08803901)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Trakker Solutions Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Hemang Vinaylal Nathwani
Mr Sunil Vinaylal Nathwani





REGISTERED OFFICE: Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS





REGISTERED NUMBER: 08803901 (England and Wales)





ACCOUNTANTS: Capitax Financial Limited
Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS

Trakker Solutions Ltd (Registered number: 08803901)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,663 3,294
3,663 3,294

CURRENT ASSETS
Debtors 6 438,572 371,336
Cash at bank 49,737 42,679
488,309 414,015
CREDITORS
Amounts falling due within one year 7 139,599 137,863
NET CURRENT ASSETS 348,710 276,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,373

279,446

PROVISIONS FOR LIABILITIES 696 626
NET ASSETS 351,677 278,820

CAPITAL AND RESERVES
Called up share capital 64 64
Capital redemption reserve 336 336
Retained earnings 351,277 278,420
SHAREHOLDERS' FUNDS 351,677 278,820

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.

Trakker Solutions Ltd (Registered number: 08803901)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





Mr Hemang Vinaylal Nathwani - Director


Trakker Solutions Ltd (Registered number: 08803901)

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

1. STATUTORY INFORMATION

Trakker Solutions Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

Trakker Solutions Ltd (Registered number: 08803901)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 100,000
AMORTISATION
At 1 January 2023
and 31 December 2023 100,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 18,410
Additions 1,618
At 31 December 2023 20,028
DEPRECIATION
At 1 January 2023 15,116
Charge for year 1,249
At 31 December 2023 16,365
NET BOOK VALUE
At 31 December 2023 3,663
At 31 December 2022 3,294

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 137,940 70,704
Other debtors 300,000 300,000
437,940 370,704

Amounts falling due after more than one year:
Other debtors 632 632

Aggregate amounts 438,572 371,336

Trakker Solutions Ltd (Registered number: 08803901)

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

6. DEBTORS - continued

As at 31 December 2023, Trakker Solutions Ltd has made two interest free loans of £150,000 each to two related companies, Pact Investments Ltd and Nimpex Investments Ltd. The loans are payable on demand and have been accounted for under Debtors - Amounts Falling due within less than one year.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 24,165 34,167
Trade creditors 6,075 5,383
Taxation and social security 58,701 47,330
Other creditors 50,658 50,983
139,599 137,863

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 December 2023, Trakker Solutions Ltd owed £16,408 to its directors. This amount is reflected in their respective director's loan accounts in credit balances, which is shown as part of Other creditors under Creditors due within one year. Please be advised that both the directors have agreed to provide this loan on an interest free basis and the loan is repayable on demand.