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REGISTERED NUMBER: 11402414 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Trac Sales and Marketing (UK) Limited

Trac Sales and Marketing (UK) Limited (Registered number: 11402414)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Trac Sales and Marketing (UK) Limited (Registered number: 11402414)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,620 5,399

CURRENT ASSETS
Debtors 5 3,881,919 3,342,867
Cash at bank 66,178 249,438
3,948,097 3,592,305
CREDITORS
Amounts falling due within one year 6 4,750,715 4,468,595
NET CURRENT LIABILITIES (802,618 ) (876,290 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(798,998

)

(870,891

)

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings (799,998 ) (871,891 )
SHAREHOLDERS' FUNDS (798,998 ) (870,891 )

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

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

Trac Sales and Marketing (UK) Limited (Registered number: 11402414)

Statement of Financial Position - continued
30 June 2024


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 19 March 2025 and were signed by:





T R A Coughlin - Director


Trac Sales and Marketing (UK) Limited (Registered number: 11402414)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Trac Sales and Marketing (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11402414

Registered office: 27 Old Gloucester Street
London
United Kingdom
WC1N 3AX

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover represents fees receivable for services provided which are recognised when it is probable that an economic benefit will flow to the entity receiving the service, and the costs associated can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

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 a straight line basis

Trac Sales and Marketing (UK) Limited (Registered number: 11402414)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
All of the financial instruments of the company are basic and the company has elected to apply the provisions of Section 11 "Basic Financial Instruments of FRS 10" to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instruments.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents
Cash is represented by cash and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
After reviewing the company's financial situation, the director has a reasonable expectation that the company has adequate resources, including the continuing financial support of its shareholders, to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 25 ) .

Trac Sales and Marketing (UK) Limited (Registered number: 11402414)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023 6,818
Additions 565
At 30 June 2024 7,383
DEPRECIATION
At 1 July 2023 1,419
Charge for year 2,344
At 30 June 2024 3,763
NET BOOK VALUE
At 30 June 2024 3,620
At 30 June 2023 5,399

5. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors - 745,617
Amounts owed by group undertakings 7,072 1,796,876
Other debtors 11,588 6,047
18,660 2,548,540

Amounts falling due after more than one year:
Other debtors 3,863,259 794,327

Aggregate amounts 3,881,919 3,342,867

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 55,123 12,232
Amounts owed to group undertakings 4,645,723 4,362,104
Taxation and social security 49,274 83,771
Other creditors 595 10,488
4,750,715 4,468,595

Trac Sales and Marketing (UK) Limited (Registered number: 11402414)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 ordinary shares £1 1,000 1,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is T R A Coughlin.