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REGISTERED NUMBER: 10918712 (England and Wales)















TRAC DEFENCE LIMITED

Unaudited Financial Statements for the Year Ended 31 July 2024






TRAC DEFENCE LIMITED (REGISTERED NUMBER: 10918712)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


TRAC DEFENCE LIMITED

Company Information
for the year ended 31 July 2024







Directors: S L O'Gorman
J L O'Gorman





Registered office: Unit 63
Basepoint Business Centre
Oakfield Close
Tewkesbury
Gloucestershire
GL20 8SD





Registered number: 10918712 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

TRAC DEFENCE LIMITED (REGISTERED NUMBER: 10918712)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,588 3,333

Current assets
Debtors 5 40,793 46,415
Cash at bank 1,411 15,602
42,204 62,017
Creditors
Amounts falling due within one year 6 16,323 28,751
Net current assets 25,881 33,266
Total assets less current liabilities 30,469 36,599

Capital and reserves
Called up share capital 2 2
Retained earnings 30,467 36,597
30,469 36,599

TRAC DEFENCE LIMITED (REGISTERED NUMBER: 10918712)

Balance Sheet - continued
31 July 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

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 14 October 2024 and were signed on its behalf by:




J L O'Gorman - Director



S L O'Gorman - Director


TRAC DEFENCE LIMITED (REGISTERED NUMBER: 10918712)

Notes to the Financial Statements
for the year ended 31 July 2024

1. Statutory information

Trac Defence Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 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.

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

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

TRAC DEFENCE LIMITED (REGISTERED NUMBER: 10918712)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 August 2023 9,014
Additions 5,260
At 31 July 2024 14,274
Depreciation
At 1 August 2023 5,681
Charge for year 4,005
At 31 July 2024 9,686
Net book value
At 31 July 2024 4,588
At 31 July 2023 3,333

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 6,477
Amounts owed by group undertakings 37,350 37,250
Other debtors 3,443 1,721
Prepayments - 967
40,793 46,415

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors - 54
Amounts owed to group undertakings 14,310 16,097
Tax - 6,944
VAT 3 3,988
Directors' current accounts 360 18
Accrued expenses 1,650 1,650
16,323 28,751

7. Related party disclosures

Included within debtors is a balance of £23,040 (£2023: £21,153) owing by companies within the group. No interest is being charged and there are no set repayment terms.