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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
Page
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Fast Trac Services (UK) Ltd Company Information for the year ended 31 May 2024
Director
Gift Brandy
Company Number
07255305 (England and Wales)
Registered Office
Unit 6, Queen Dock Commercial Centre 67-83 Norfolk Street Liverpool L1 0BG
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Fast Trac Services (UK) Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,751 
8,747 
Current assets
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)
Net assets
1,572 
2,437 
Capital and reserves
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
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Fast Trac Services (UK) Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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:
Plant & machinery
5% on cost
Motor vehicles
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 
Depreciation
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 
Net book value
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)
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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 
£ 
£ 
Bank loans
11,250 
16,738 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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