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REGISTERED NUMBER: 08683714 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Fourtrack Logistics Ltd

Fourtrack Logistics Ltd (Registered number: 08683714)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fourtrack Logistics Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr B P Iddon





REGISTERED OFFICE: 9 Chapel Walk
Longton
Preston
Lancashire
PR4 5AD





REGISTERED NUMBER: 08683714 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Fourtrack Logistics Ltd (Registered number: 08683714)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,872 16,086
Tangible assets 5 14,033 9,004
16,905 25,090

CURRENT ASSETS
Stocks 1,500 7,290
Debtors 6 165,230 247,038
Cash at bank 364,710 341,056
531,440 595,384
CREDITORS
Amounts falling due within one year 7 544,857 550,382
NET CURRENT (LIABILITIES)/ASSETS (13,417 ) 45,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,488

70,092

PROVISIONS FOR LIABILITIES 8 3,216 1,940
NET ASSETS 272 68,152

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 172 68,052
SHAREHOLDERS' FUNDS 272 68,152

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 director acknowledges his 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.

Fourtrack Logistics Ltd (Registered number: 08683714)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mr B P Iddon - Director


Fourtrack Logistics Ltd (Registered number: 08683714)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Fourtrack Logistics 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 represents net invoiced sales of goods and services, excluding value added tax.

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.

Website is being amortised evenly over its estimated useful life of four years.

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 - 20% on cost
Computer equipment - 25% 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.

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.

Fourtrack Logistics Ltd (Registered number: 08683714)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 August 2023
and 31 July 2024 52,855
AMORTISATION
At 1 August 2023 36,769
Amortisation for year 13,214
At 31 July 2024 49,983
NET BOOK VALUE
At 31 July 2024 2,872
At 31 July 2023 16,086

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 18,986 8,531 27,517
Additions 7,000 2,166 9,166
At 31 July 2024 25,986 10,697 36,683
DEPRECIATION
At 1 August 2023 11,086 7,427 18,513
Charge for year 3,479 658 4,137
At 31 July 2024 14,565 8,085 22,650
NET BOOK VALUE
At 31 July 2024 11,421 2,612 14,033
At 31 July 2023 7,900 1,104 9,004

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,189 155,977
Amounts owed by group undertakings 7,146 71,442
Other debtors 5,550 300
Directors' current accounts 33,685 2,749
Prepayments 1,660 16,570
Accrued income 42,000 -
165,230 247,038

Fourtrack Logistics Ltd (Registered number: 08683714)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 365,055 347,814
Social security and other taxes 165,503 177,851
Accrued expenses 14,299 24,717
544,857 550,382

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,216 1,940

Deferred
tax
£   
Balance at 1 August 2023 1,940
Provided during year 1,276
Balance at 31 July 2024 3,216

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr B P Iddon
Balance outstanding at start of year 2,749 616
Amounts advanced 34,060 22,233
Amounts repaid (3,124 ) (20,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,685 2,749