Company Registration No. 03348426 (England and Wales)
TRACK LINE TRAINING LIMITED
Unaudited accounts
for the year ended 31 March 2024
TRACK LINE TRAINING LIMITED
Unaudited accounts
Contents
TRACK LINE TRAINING LIMITED
Company Information
for the year ended 31 March 2024
Company Number
03348426 (England and Wales)
Registered Office
22 WATERS EDGE BUSINESS PARK
MODWEN ROAD
SALFORD
M5 3EZ
Accountants
HHK Accountancy Services Ltd
Suite 212 Oakland House
21 Hope Carr Road
Leigh, Wigan
WN7 3ET
TRACK LINE TRAINING LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
4,005
4,367
Cash at bank and in hand
1,060
(4,034)
Creditors: amounts falling due within one year
(94,704)
(87,359)
Net current liabilities
(52,880)
(60,718)
Total assets less current liabilities
(48,875)
(56,351)
Provisions for liabilities
Deferred tax
(2,407)
(2,407)
Net liabilities
(51,282)
(58,758)
Called up share capital
1,000
1,000
Profit and loss account
(52,282)
(59,758)
Shareholders' funds
(51,282)
(58,758)
For the year ending 31 March 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 16 June 2024 and were signed on its behalf by
Mr Neil Smith
Director
Company Registration No. 03348426
TRACK LINE TRAINING LIMITED
Notes to the Accounts
for the year ended 31 March 2024
TRACK LINE TRAINING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03348426. The registered office is 22 WATERS EDGE BUSINESS PARK, MODWEN ROAD, SALFORD, M5 3EZ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
9,995
25,278
35,273
At 31 March 2024
9,995
25,917
35,912
At 1 April 2023
7,378
23,528
30,906
Charge for the year
523
478
1,001
At 31 March 2024
7,901
24,006
31,907
At 31 March 2024
2,094
1,911
4,005
At 31 March 2023
2,617
1,750
4,367
TRACK LINE TRAINING LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
34,780
30,675
Accrued income and prepayments
5,984
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,518
7,895
Trade creditors
52,550
47,485
Taxes and social security
3,839
2,127
Other creditors
23,862
20,850
Loans from directors
(806)
(1,323)
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).