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Company Registration No. 14142109 (England and Wales)
SAKAF TRACKS LTD Unaudited accounts for the year ended 31 May 2024
SAKAF TRACKS LTD Unaudited accounts Contents
Page
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SAKAF TRACKS LTD Company Information for the year ended 31 May 2024
Director
Syed Muhammad Fasih SALEEM
Company Number
14142109 (England and Wales)
Registered Office
116 WHITCHURCH ROAD MANCHESTER GREATER MANCHESTER M20 1FZ UNITED KINGDOM
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SAKAF TRACKS LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
106,257 
39,950 
Current assets
Debtors
765 
- 
Cash at bank and in hand
4,914 
4,669 
5,679 
4,669 
Creditors: amounts falling due within one year
(96,736)
(50,998)
Net current liabilities
(91,057)
(46,329)
Net assets/(liabilities)
15,200 
(6,379)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
15,199 
(6,380)
Shareholders' funds
15,200 
(6,379)
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 27 May 2025 and were signed on its behalf by
Syed Muhammad Fasih SALEEM Director Company Registration No. 14142109
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SAKAF TRACKS LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
SAKAF TRACKS LTD is a private company, limited by shares, registered in England and Wales, registration number 14142109. The registered office is 116 WHITCHURCH ROAD, MANCHESTER, GREATER MANCHESTER, M20 1FZ, UNITED KINGDOM.
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:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
47,000 
Additions
80,337 
At 31 May 2024
127,337 
Depreciation
At 1 June 2023
7,050 
Charge for the year
14,030 
At 31 May 2024
21,080 
Net book value
At 31 May 2024
106,257 
At 31 May 2023
39,950 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
765 
- 
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SAKAF TRACKS LTD Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,051 
- 
Other creditors
3,229 
1,250 
Loans from directors
90,856 
49,748 
Accruals
600 
- 
96,736 
50,998 
7
Average number of employees
During the year the average number of employees was 3 (2023: 1).
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