Company Registration No. 07255305 (England and Wales)
Fast Trac Services (UK) Ltd
Unaudited accounts
for the year ended 31 May 2024
Fast Trac Services (UK) Ltd
Unaudited accounts
Contents
Fast Trac Services (UK) Ltd
Company Information
for the year ended 31 May 2024
Company Number
07255305 (England and Wales)
Registered Office
Unit 6, Queen Dock Commercial Centre
67-83 Norfolk Street
Liverpool
L1 0BG
Fast Trac Services (UK) Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
6,751
8,747
Cash at bank and in hand
2,681
6,557
Creditors: amounts falling due within one year
3,390
3,871
Net current assets
6,071
10,428
Total assets less current liabilities
12,822
19,175
Creditors: amounts falling due after more than one year
(11,250)
(16,738)
Called up share capital
60
60
Capital contribution reserve
10,292
10,292
Profit and loss account
(8,780)
(7,915)
Shareholders' funds
1,572
2,437
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 20 February 2025 and were signed on its behalf by
Gift Brandy
Director
Company Registration No. 07255305
Fast Trac Services (UK) Ltd
Notes to the Accounts
for the year ended 31 May 2024
Fast Trac Services (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07255305. The registered office is Unit 6, Queen Dock Commercial Centre, 67-83 Norfolk Street, Liverpool, L1 0BG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
5% on cost
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
17,825
2,206
20,031
At 31 May 2024
17,825
2,206
20,031
At 1 June 2023
9,812
1,472
11,284
Charge for the year
1,784
212
1,996
At 31 May 2024
11,596
1,684
13,280
At 31 May 2024
6,229
522
6,751
At 31 May 2023
8,013
734
8,747
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
(3,390)
(3,871)
Fast Trac Services (UK) Ltd
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).