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TRAK365 LIMITED

Registered Number
09807839
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

TRAK365 LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

DEVENISH, N A

Registered Address

C/O Centora James Limited,
Jury Farm, Ripley Lane
West Horsley
KT24 6JT

Registered Number

09807839 (England and Wales)
TRAK365 LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks18,10720,901
Debtors16,96037,635
Cash at bank and on hand53,51134,648
88,57893,184
Creditors amounts falling due within one year3(228,824)(263,384)
Net current assets (liabilities)(140,246)(170,200)
Total assets less current liabilities(140,246)(170,200)
Creditors amounts falling due after one year4(7,343)(13,395)
Net assets(147,589)(183,595)
Capital and reserves
Called up share capital80125
Share premium271,875271,875
Profit and loss account(419,544)(455,595)
Shareholders' funds(147,589)(183,595)
The financial statements were approved and authorised for issue by the Director on 29 July 2025, and are signed on its behalf by:
DEVENISH, N A
Director
Registered Company No. 09807839
TRAK365 LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year23
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,831-
Bank borrowings and overdrafts1,4441,444
Taxation and social security7,8729,888
Other creditors216,677250,079
Accrued liabilities and deferred income-1,973
Total228,824263,384
4.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,3438,787
Other creditors-4,608
Total7,34313,395