Traker International Limited - Limited company - abbreviated - 11.0.0

Traker International Limited - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: 02068943 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

TRAKER INTERNATIONAL LIMITED

TRAKER INTERNATIONAL LIMITED (REGISTERED NUMBER: 02068943)






Contents of the Abbreviated Accounts
for the year ended 30 June 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

TRAKER INTERNATIONAL LIMITED

Company Information
for the year ended 30 June 2014







DIRECTORS: C Travis
Ms T L Gorell
P Green





REGISTERED OFFICE: Reigate Business Centre
7-11 High Street
Reigate
Surrey
RH2 9AA





REGISTERED NUMBER: 02068943 (England and Wales)

TRAKER INTERNATIONAL LIMITED (REGISTERED NUMBER: 02068943)

Abbreviated Balance Sheet
30 June 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 9,302 11,547

CURRENT ASSETS
Debtors 45,868 107,237
Cash at bank and in hand 356 304
46,224 107,541
CREDITORS
Amounts falling due within one year 3 147,819 202,870
NET CURRENT LIABILITIES (101,595 ) (95,329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(92,293
)
(83,782
)

CREDITORS
Amounts falling due after more than one
year

3

-

1,491
NET LIABILITIES (92,293 ) (85,273 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (92,393 ) (85,373 )
SHAREHOLDERS' FUNDS (92,293 ) (85,273 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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.

TRAKER INTERNATIONAL LIMITED (REGISTERED NUMBER: 02068943)

Abbreviated Balance Sheet - continued
30 June 2014


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 15 October 2014 and were signed on its
behalf by:





Ms T L Gorell - Director


TRAKER INTERNATIONAL LIMITED (REGISTERED NUMBER: 02068943)

Notes to the Abbreviated Accounts
for the year ended 30 June 2014

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.

TRAKER INTERNATIONAL LIMITED (REGISTERED NUMBER: 02068943)

Notes to the Abbreviated Accounts - continued
for the year ended 30 June 2014

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013 109,129
Additions 700
At 30 June 2014 109,829
DEPRECIATION
At 1 July 2013 97,582
Charge for year 2,945
At 30 June 2014 100,527
NET BOOK VALUE
At 30 June 2014 9,302
At 30 June 2013 11,547

3. CREDITORS

Creditors include an amount of £ 56,321 (2013 - £ 52,475 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
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 £6,000 (2013:
£6,000). At the end of the period, the amount due to the related party was £36,492 (2013: £23,958).

The company is also a related party to Airline International Marketing Limited, a company in which Mr
C Travis, a director, has a significant interest. During the year, the company sold services to the
related party amounting to £1,066 (2013: £26,305), and also advanced a total of £Nil (2013: £5,000) to
the related party. At the end of the period, the amount due by the related party was £36,211 (2013:
£35,145). After the end of the year, the related party entered insolvency proceedings and, as a result, a
decision was made to provide for the loss of the amount due in its entirety.