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REGISTRAR OF COMPANIES

Registration number: SC648643

Cowtracks Ltd

Unaudited Financial Statements

31 December 2023

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Cowtracks Ltd

Contents

Accountants' Report

1

Balance Sheet

2

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Cowtracks Ltd
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cowtracks Ltd for the year ended 31 December 2023 as set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Cowtracks Ltd, as a body, in accordance with the terms of our engagement letter dated 3 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of Cowtracks Ltd and state those matters that we have agreed to state to the Board of Directors of Cowtracks Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cowtracks Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cowtracks Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cowtracks Ltd. You consider that Cowtracks Ltd 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 accounts of Cowtracks Ltd. 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 accounts.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

16 September 2024

 

Cowtracks Ltd

(Registration number: SC648643)
Balance Sheet as at 31 December 2023

2023
£

2022
£

Current assets

 

35,751

41,338

Creditors: Amounts falling due within one year

 

(13,051)

(27,315)

Total assets less current liabilities

 

22,700

14,023

Accruals and deferred income

 

(2,035)

(1,622)

   

20,665

12,401

Capital and reserves

 

20,665

12,401

 

Cowtracks Ltd

(Registration number: SC648643)
Balance Sheet as at 31 December 2023 (continued)

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Home Farm
Garlieston
NEWTON STEWART
DG8 8HF
United Kingdom

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Cowtracks Ltd

(Registration number: SC648643)
Balance Sheet as at 31 December 2023 (continued)

3

Related party transactions

Transactions with the director

2023

At 1 January 2023
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 31 December 2023
£

M McCreath

Loan

-

13,493

(3,100)

-

263

10,656

             
         

 

2022

At 1 January 2022
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 31 December 2022
£

M McCreath

Loan

516

1,761

(2,277)

-

-

-

             
         

 

Director advances are payable on demand.

Interest has been charged at a rate of 2% to March 2023 and 2.25% thereafter on advances to director.

 

Cowtracks Ltd

(Registration number: SC648643)
Balance Sheet as at 31 December 2023 (continued)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 September 2024
 

.........................................
M McCreath
Director