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REGISTERED NUMBER: 04835068 (England and Wales)

















Tracey Structures Limited

Financial Statements

for the Year Ended 30 September 2024






Tracey Structures Limited (Registered number: 04835068)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tracey Structures Limited

Company Information
for the year ended 30 September 2024







DIRECTOR: W Tracey





SECRETARY: L A Tracey





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 04835068 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Tracey Structures Limited (Registered number: 04835068)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,377 7,816
6,377 7,816

CURRENT ASSETS
Debtors 6 33,923 21,899
Cash at bank 3,188 18,800
37,111 40,699
CREDITORS
Amounts falling due within one year 7 21,978 17,192
NET CURRENT ASSETS 15,133 23,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,510

31,323

PROVISIONS FOR LIABILITIES 1,369 1,649
NET ASSETS 20,141 29,674

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 20,111 29,644
SHAREHOLDERS' FUNDS 20,141 29,674

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

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

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 13 June 2025 and were signed by:





W Tracey - Director


Tracey Structures Limited (Registered number: 04835068)

Notes to the Financial Statements
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Tracey Structures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Tracey Structures Limited (Registered number: 04835068)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 12,000
AMORTISATION
At 1 October 2023
and 30 September 2024 12,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 14,231 1,020 20,008 35,259
DEPRECIATION
At 1 October 2023 9,841 264 17,338 27,443
Charge for year 659 113 667 1,439
At 30 September 2024 10,500 377 18,005 28,882
NET BOOK VALUE
At 30 September 2024 3,731 643 2,003 6,377
At 30 September 2023 4,390 756 2,670 7,816

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,087 -
Other debtors 1,678 958
Prepayments and accrued income 4,941 4,980
CIS deductions recoverable 16,217 15,961
33,923 21,899

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,684 -
UK corporation tax 17,828 15,615
Other creditors 127 115
Directors' current accounts 940 178
Accruals and deferred income 1,399 1,284
21,978 17,192