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REGISTERED NUMBER: 05741498 (England and Wales)









Financial Statements

for the Year Ended 31 March 2024

for

Alan Tracy Limited

Alan Tracy Limited (Registered number: 05741498)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Alan Tracy Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A. Tracy





SECRETARY: Mr E J Tracy





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 05741498 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Alan Tracy Limited (Registered number: 05741498)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,077 2,655

CURRENT ASSETS
Debtors 5 28,306 34,671
Cash at bank 48,725 35,648
77,031 70,319
CREDITORS
Amounts falling due within one year 6 18,188 17,083
NET CURRENT ASSETS 58,843 53,236
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,920

55,891

CREDITORS
Amounts falling due after more than one
year

7

(8,167

)

(15,167

)

PROVISIONS FOR LIABILITIES (395 ) (504 )
NET ASSETS 52,358 40,220

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,258 40,120
SHAREHOLDERS' FUNDS 52,358 40,220

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 2 December 2024 and were signed by:





Mr A. Tracy - Director


Alan Tracy Limited (Registered number: 05741498)

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

1. STATUTORY INFORMATION

Alan Tracy 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 (£).


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 services, excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

Alan Tracy Limited (Registered number: 05741498)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 2,987 12,633 15,620
Additions - 100 100
At 31 March 2024 2,987 12,733 15,720
DEPRECIATION
At 1 April 2023 2,987 9,978 12,965
Charge for year - 678 678
At 31 March 2024 2,987 10,656 13,643
NET BOOK VALUE
At 31 March 2024 - 2,077 2,077
At 31 March 2023 - 2,655 2,655

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,958 25,374
Other debtors 15,955 8,591
VAT 393 706
28,306 34,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 386 821
Tax 6,433 5,479
Directors' current accounts 2,044 1,558
Accruals and deferred income 2,325 2,225
18,188 17,083

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 8,167 15,167