POWER-TRAC (N.I.) LTD

Company Registration Number:
NI021469 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

POWER-TRAC (N.I.) LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

POWER-TRAC (N.I.) LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 3,082,514 2,281,292
Investments: 4 2 2
Total fixed assets: 3,082,516 2,281,294
Current assets
Stocks: 9,998 317,040
Debtors:   1,448,148 4,839,873
Cash at bank and in hand: 211,654 9,249
Total current assets: 1,669,800 5,166,162
Creditors: amounts falling due within one year:   (468,183) (3,737,167)
Net current assets (liabilities): 1,201,617 1,428,995
Total assets less current liabilities: 4,284,133 3,710,289
Creditors: amounts falling due after more than one year:   (58,399) (58,399)
Total net assets (liabilities): 4,225,734 3,651,890
Capital and reserves
Called up share capital: 100 100
Share premium account: 189,600 214,200
Other reserves: 210,400 185,800
Profit and loss account: 3,825,634 3,251,790
Shareholders funds: 4,225,734 3,651,890

The notes form part of these financial statements

POWER-TRAC (N.I.) LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 March 2025
and signed on behalf of the board by:

Name: C Davidson
Status: Director

The notes form part of these financial statements

POWER-TRAC (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

POWER-TRAC (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 5 4

POWER-TRAC (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 3,663,974
Additions 1,007,727
At 31 March 2024 4,671,701
Depreciation
At 01 April 2023 1,382,682
Charge for year 206,505
At 31 March 2024 1,589,187
Net book value
At 31 March 2024 3,082,514
At 31 March 2023 2,281,292

POWER-TRAC (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

£100 at cost