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Company Registration No. 02953015 (England and Wales)
Trak Limited Unaudited accounts for the year ended 31 July 2024
Trak Limited Unaudited accounts Contents
Page
- 2 -
Trak Limited Company Information for the year ended 31 July 2024
Directors
Scott Nicholson Mark Nicholson
Company Number
02953015 (England and Wales)
Registered Office
Chamber Furniture The Old Timber Yard London Road, Halstead Sevenoaks Kent TN14 7DZ England
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Trak Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
523,501 
550,353 
Current assets
Inventories
474,138 
437,437 
Debtors
940,570 
1,048,008 
Cash at bank and in hand
50,074 
59,980 
1,464,782 
1,545,425 
Creditors: amounts falling due within one year
(690,124)
(1,081,032)
Net current assets
774,658 
464,393 
Total assets less current liabilities
1,298,159 
1,014,746 
Creditors: amounts falling due after more than one year
(814,662)
(593,972)
Provisions for liabilities
Deferred tax
(12,630)
(28,520)
Net assets
470,867 
392,254 
Capital and reserves
Called up share capital
10,003 
10,003 
Profit and loss account
460,864 
382,251 
Shareholders' funds
470,867 
392,254 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by
Scott Nicholson Director Company Registration No. 02953015
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Trak Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Trak Limited is a private company, limited by shares, registered in England and Wales, registration number 02953015. The registered office is Chamber Furniture, The Old Timber Yard, London Road, Halstead, Sevenoaks, Kent, TN14 7DZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20
Plant & machinery
5
Motor vehicles
4
Fixtures & fittings
4
Computer equipment
4
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
273,249 
560,539 
334,560 
277,963 
304,414 
1,750,725 
Additions
- 
9,233 
- 
- 
13,390 
22,623 
At 31 July 2024
273,249 
569,772 
334,560 
277,963 
317,804 
1,773,348 
Depreciation
At 1 August 2023
- 
479,123 
194,275 
270,473 
256,501 
1,200,372 
Charge for the year
- 
13,920 
29,716 
1,250 
4,589 
49,475 
At 31 July 2024
- 
493,043 
223,991 
271,723 
261,090 
1,249,847 
Net book value
At 31 July 2024
273,249 
76,729 
110,569 
6,240 
56,714 
523,501 
At 31 July 2023
273,249 
81,416 
140,285 
7,490 
47,913 
550,353 
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Trak Limited Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
199,528 
266,299 
Amounts due from group undertakings etc.
388,860 
388,860 
Accrued income and prepayments
78,112 
118,779 
Other debtors
274,070 
274,070 
940,570 
1,048,008 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
242,584 
131,587 
VAT
80,587 
142,095 
Obligations under finance leases and hire purchase contracts
34,479 
49,055 
Trade creditors
249,703 
270,013 
Taxes and social security
82,242 
145,497 
Other creditors
529 
- 
Deferred income
- 
342,785 
690,124 
1,081,032 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
543 
Deferred income
814,662 
593,429 
814,662 
593,972 
8
Average number of employees
During the year the average number of employees was 38 (2023: 38).
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