Traker International Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02068943 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 July 2014 to 5 April 2015

for

TRAKER INTERNATIONAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms T L Gorell

P Green

C P Dowling

P G Tough

REGISTERED OFFICE:

The Anglia Centre

Blackwater Close

Rainham

Essex

RM13 8UA

REGISTERED NUMBER:

02068943 (England and Wales)

FIXED ASSETS

Tangible assets

2

10,079

9,302

CURRENT ASSETS

Debtors

59,399

45,868

Cash at bank and in hand

-

356

59,399

46,224

CREDITORS

Amounts falling due within one year

3

180,425

147,819

NET CURRENT LIABILITIES

(121,026

)

(101,595

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(110,947

)

(92,293

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(111,047

)

(92,393

)

SHAREHOLDERS' FUNDS

(110,947

)

(92,293

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 February 2016 and were signed on its behalf by:

P G Tough - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company is dependent on continued bank facilities, and the director is confident that such facilities

will remain available for at least twelve months from the date these accounts are approved. The

financial statements have therefore been prepared on the going concern basis, which in the opinion of

the director is appropriate.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Going concern

The company's balance sheet shows an excess of liabilities over assets. Due to the availability of

support from the company's shareholders, the directors believe that it is appropriate to prepare the

financial statements on a going concern basis which assumes that the company will continue to trade

and to be able to meet its liabilities for the foreseeable future.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

109,829

Additions

2,716

At 5 April 2015

112,545

DEPRECIATION

At 1 July 2014

100,527

Charge for period

1,939

At 5 April 2015

102,466

NET BOOK VALUE

At 5 April 2015

10,079

At 30 June 2014

9,302

3.

CREDITORS

Creditors include an amount of £ 23,297 (2014 - £ 56,321 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES

The company is a related party to Grubby Gonk Limited, a party controlled by Ms T Gorell, a director.

During the year, the company purchased services from the related party amounting to £4,500 (2014:

£6,000). At the end of the period, the amount due to the related party was £17,529 (2014: £36,492).