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REGISTERED NUMBER: 14649142 (England and Wales)















Unaudited Financial Statements

for the Period 8 February 2023 to 31 March 2024

for

Retrac One Ltd

Retrac One Ltd (Registered number: 14649142)






Contents of the Financial Statements
for the Period 8 February 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Retrac One Ltd

Company Information
for the Period 8 February 2023 to 31 March 2024







DIRECTORS: Dr W Carter
Mrs L Carter





REGISTERED OFFICE: 31 Bradbury Road
Norton
TS20 1LE





REGISTERED NUMBER: 14649142 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

Retrac One Ltd (Registered number: 14649142)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 80,276
Investments 5 38,481
118,757

CURRENT ASSETS
Debtors 6 396,321
Cash at bank 57,611
453,932
CREDITORS
Amounts falling due within one year 7 134,600
NET CURRENT ASSETS 319,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,089

PROVISIONS FOR LIABILITIES 8 20,069
NET ASSETS 418,020

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings 418,010
418,020

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

Retrac One Ltd (Registered number: 14649142)

Balance Sheet - continued
31 March 2024


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 8 September 2024 and were signed on its behalf by:





Dr W Carter - Director


Retrac One Ltd (Registered number: 14649142)

Notes to the Financial Statements
for the Period 8 February 2023 to 31 March 2024

1. STATUTORY INFORMATION

Retrac One 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the period 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 period 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 period was 2 .

Retrac One Ltd (Registered number: 14649142)

Notes to the Financial Statements - continued
for the Period 8 February 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 85,664
At 31 March 2024 85,664
DEPRECIATION
Charge for period 5,388
At 31 March 2024 5,388
NET BOOK VALUE
At 31 March 2024 80,276

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 38,481
At 31 March 2024 38,481
NET BOOK VALUE
At 31 March 2024 38,481

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 396,321

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 131,900
Other creditors 2,700
134,600

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax 20,069

Deferred
tax
£   
Movement 20,069
Balance at 31 March 2024 20,069

Retrac One Ltd (Registered number: 14649142)

Notes to the Financial Statements - continued
for the Period 8 February 2023 to 31 March 2024

9. RELATED PARTY DISCLOSURES

As at the 31st March 2024 the directors owed the company £396,321.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.