Track Eng Ltd


FINANCIAL STATEMENTS


for the year ended 30th September 2024



Track Eng Ltd

CONTENTS

for the year ended 30th September 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Track Eng Ltd

Company No. 13617973

STATEMENT OF FINANCIAL POSITION

as at 30th September 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment437701611
37701611
CURRENT ASSETS
Debtors596408007
Cash at bank and in hand10616972261
11580980268
CURRENT LIABILITIES
Creditors: amounts falling due
within one year65394827838
NET CURRENT ASSETS6186152430
TOTAL ASSETS LESS CURRENT LIABILITIES6563154041
 
Creditors: amounts falling due
after more than one year--
 
Provisions for liabilities and charges
Deferred taxation427427
 
NET ASSETS6520453614
 
CAPITAL AND RESERVES
Called up share capital200100
Retained earnings6500453514
SHAREHOLDERS FUNDS6520453614

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th September 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 15 May 2025


S J Hooper

Director

Company Number 13617973 (England)

Track Eng Ltd

NOTES TO THE ACCOUNTS

for the year ended 30th September 2024


1   Statutory information

Track Eng Ltd is a private company limited by shares and registered under company number 13617973 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles20-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

3   Employee information

The average number of employees during the accounting period was 1 (2023 - 1).

4   Property, plant and equipment
 
Fixtures
and
FittingsTotal
££
Cost
At 1st October 2023 25212521
Additions25472547
At 30th September 202450685068
 
Depreciation
At 1st October 2023 910910
Charge for year388388
At 30th September 202412981298
 
Net Book Value
At 30th September 202437703770
At 30th September 202316111611

5   Debtors20242023
££
 
Other debtors90027369
Prepayments and accrued income638638
96408007

6   Creditors: amounts falling due within one year20242023
££
 
Trade Creditors42596
Corporation tax2462222017
Taxes and social security costs97723923
Other creditors195121302
5394827838

2024-09-30false2023-10-012024-09-3013617973uk-bus:Director12023-10-012024-09-3013617973uk-gaap:ShareCapital2024-09-3013617973uk-gaap:ShareCapital2023-09-3013617973uk-gaap:RetainedEarningsAccumulatedLosses2024-09-3013617973uk-gaap:RetainedEarningsAccumulatedLosses2023-09-3013617973uk-gaap:VehiclesPlantMachinery2023-10-012024-09-3013617973uk-gaap:FurnitureFittingsToolsEquipment2023-09-3013617973uk-gaap:FurnitureFittingsToolsEquipment2023-10-012024-09-3013617973uk-gaap:FurnitureFittingsToolsEquipment2024-09-3013617973uk-gaap:WithinOneYear2024-09-3013617973uk-gaap:WithinOneYear2023-09-30136179732023-10-012024-09-30136179732022-10-012023-09-30136179732024-09-30136179732023-09-3013617973uk-bus:SmallEntities2023-10-012024-09-3013617973uk-bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3013617973uk-bus:FullAccounts2023-10-012024-09-3013617973uk-bus:PrivateLimitedCompanyLtd2023-10-012024-09-3013617973countries:EnglandWales2023-10-012024-09-30iso4217:GBPxbrli:purexbrli:shares