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REGISTERED NUMBER: 07913644 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CAD TRACKNAV LIMITED

CAD TRACKNAV LIMITED (REGISTERED NUMBER: 07913644)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAD TRACKNAV LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S G Edwards





SECRETARY: Mrs L E Edwards





REGISTERED OFFICE: C/O McCabe Ford Williams
Charlton House
Dour Street
DOVER
Kent
CT16 1BL





REGISTERED NUMBER: 07913644 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

CAD TRACKNAV LIMITED (REGISTERED NUMBER: 07913644)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,380 48,885
Tangible assets 5 - -
50,380 48,885

CURRENT ASSETS
Debtors 6 8,780 9,073
Cash at bank 22 47
8,802 9,120
CREDITORS
Amounts falling due within one year 7 680,705 642,029
NET CURRENT LIABILITIES (671,903 ) (632,909 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(621,523

)

(584,024

)

CAPITAL AND RESERVES
Called up share capital 8 200 200
Share premium 243,885 243,885
Retained earnings (865,608 ) (828,109 )
SHAREHOLDERS' FUNDS (621,523 ) (584,024 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 director and authorised for issue on 9 January 2025 and were signed by:




S G Edwards - Director


CAD TRACKNAV LIMITED (REGISTERED NUMBER: 07913644)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

CAD Tracknav 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal place of business is Suite 2, Ground Floor, KPC House, Canterbury Road, Ashford, Kent, TN24 0BP.

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.

Intangible assets
The patents and licences are being amortised on a straight line basis over their estimated useful economic life of 10 years. Amortisation on development costs will begin when commercial production commences.

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.The tax credit in 2023 arises because of a Research & Development Enhanced Relief claim.

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.

Research and development
Expenditure on research and development is written off to the profit and loss accounts in the period in which it is incurred except development costs incurred on individual projects. Where the recoverability of this development expenditure can be foreseen with reasonable assurance it is capitalised and will be amortised in line with sales from the relevant projects.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CAD TRACKNAV LIMITED (REGISTERED NUMBER: 07913644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 May 2023 39,308 38,348 77,656
Additions 4,829 - 4,829
At 30 April 2024 44,137 38,348 82,485
AMORTISATION
At 1 May 2023 28,771 - 28,771
Amortisation for year 3,334 - 3,334
At 30 April 2024 32,105 - 32,105
NET BOOK VALUE
At 30 April 2024 12,032 38,348 50,380
At 30 April 2023 10,537 38,348 48,885

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023 3,500
Disposals (3,500 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 3,500
Eliminated on disposal (3,500 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 5,352 5,352
VAT 3,428 3,721
8,780 9,073

CAD TRACKNAV LIMITED (REGISTERED NUMBER: 07913644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Sundry creditors 677,733 640,677
Director's current account 2,972 1,352
680,705 642,029

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

9. RELATED PARTY DISCLOSURES

During the year CAD Surveys Limited, a company jointly controlled by Mr S G Edwards, paid expenses on behalf of the company totalling £44,487 (2023 - £29,256). During the year the company repaid amounts totalling £5,700 (2023 - £16,760). At the year end the company owed CAD Surveys Limited a total of £661,855 (2023 - £623,068). The loan is interest free.

10. GOING CONCERN

The financial statements have been prepared on a going concern basis. This basis is considered to be appropriate as the company continues to receive the support of CAD Surveys Limited and the director.