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REGISTERED NUMBER: 01016283 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Expotrak Limited

Expotrak Limited (Registered number: 01016283)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Expotrak Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr A Hupper
Mr J R Lee
Mr J W Hupper
Mrs S L McCoid





SECRETARY: Harris Lacey and Swain Limited





REGISTERED OFFICE: The Riverside Building, Suite 1
Livingstone Road
Hessle
East Yorkshire
HU13 0DZ





REGISTERED NUMBER: 01016283 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Expotrak Limited (Registered number: 01016283)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,653,150 1,739,242

CURRENT ASSETS
Stocks 5 68,382 76,891
Debtors 6 453,222 71,151
Cash at bank and in hand 127,860 396,255
649,464 544,297
CREDITORS
Amounts falling due within one year 7 409,215 351,153
NET CURRENT ASSETS 240,249 193,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,893,399

1,932,386

PROVISIONS FOR LIABILITIES 222,416 237,200
NET ASSETS 1,670,983 1,695,186

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 124,647 124,647
Other reserves 8,800 8,800
Retained earnings 1,536,536 1,560,739
SHAREHOLDERS' FUNDS 1,670,983 1,695,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Expotrak Limited (Registered number: 01016283)

Balance Sheet - continued
31 December 2024


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 Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





Mr A Hupper - Director


Expotrak Limited (Registered number: 01016283)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Expotrak 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

Estimation uncertainty on useful lives of depreciable assets
The carrying value of depreciable assets, £1,653,150, requires the directors to make an estimate
of the assets' useful economic lives and undertake an annual review for impairment. The estimated lives applied are detailed in the accounting policy note.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

The company provides goods and services to other organisations, these services are provided on a time and material basis or as a fixed price contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Winestead - 2% on cost
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Station Hotel - 25% on reducing balance/2% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.


Expotrak Limited (Registered number: 01016283)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment of assets
At each reporting date non-financial assets, such as tangible fixed assets, are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared to the carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

Financial instruments
Financial Instruments which meet the criteria of a basic financial instrument as defined in Section 11 of FRS102 are accounted for under the amortised historic cost model.

Non-basic financial instruments are recognised at fair value using a valuation technique with any gains or losses reported in surplus or deficit. At each year end, the instruments are revalued to fair value, with the movements posted to the income and expenditure account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

Expotrak Limited (Registered number: 01016283)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property Winestead property machinery
£    £    £    £   
COST OR VALUATION
At 1 January 2024 468,468 182,595 23,688 1,894,321
Additions - - - 60,865
At 31 December 2024 468,468 182,595 23,688 1,955,186
DEPRECIATION
At 1 January 2024 65,808 54,628 21,218 1,090,447
Charge for year 3,656 3,902 371 129,711
At 31 December 2024 69,464 58,530 21,589 1,220,158
NET BOOK VALUE
At 31 December 2024 399,004 124,065 2,099 735,028
At 31 December 2023 402,660 127,967 2,470 803,874

Fixtures
and Motor Station
fittings vehicles Hotel Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 38,460 557,859 629,460 3,794,851
Additions - 63,890 - 124,755
At 31 December 2024 38,460 621,749 629,460 3,919,606
DEPRECIATION
At 1 January 2024 37,189 404,607 381,712 2,055,609
Charge for year 249 54,284 18,674 210,847
At 31 December 2024 37,438 458,891 400,386 2,266,456
NET BOOK VALUE
At 31 December 2024 1,022 162,858 229,074 1,653,150
At 31 December 2023 1,271 153,252 247,748 1,739,242

Expotrak Limited (Registered number: 01016283)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2024 is represented by:

Improvements
Freehold to Plant and
property Winestead property machinery
£    £    £    £   
Valuation in 1994 143,530 - - -
Valuation in 1996 170,000 - - -
Valuation in 2008 (145,000 ) - - -
Valuation in 2019 299,938 182,595 23,688 1,210,055
Valuation in 2020 - - - 111,190
Valuation in 2021 - - - 207,418
Valuation in 2022 - - - 328,334
Valuation in 2023 - - - 37,324
Valuation in 2024 - - - 60,865
468,468 182,595 23,688 1,955,186

Fixtures
and Motor Station
fittings vehicles Hotel Totals
£    £    £    £   
Valuation in 1994 - - - 143,530
Valuation in 1996 - - - 170,000
Valuation in 2008 - - - (145,000 )
Valuation in 2019 38,460 286,532 629,460 2,670,728
Valuation in 2020 - 124,960 - 236,150
Valuation in 2021 - 88,265 - 295,683
Valuation in 2022 - 51,250 - 379,584
Valuation in 2023 - 6,852 - 44,176
Valuation in 2024 - 63,890 - 124,755
38,460 621,749 629,460 3,919,606

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 299,938 299,938

Freehold property (Patrington) was valued on an open market value basis on 2 April 1996 by Penrose Pearce Hodges, surveyors. .

Valuation in 1994 includes a valuation in 1989 of £88,530.

Expotrak Limited (Registered number: 01016283)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. STOCKS
2024 2023
£    £   
Goods for resale 68,382 68,382
Work-in-progress - 8,509
68,382 76,891

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 390,865 55,495
Other debtors 62,357 15,656
453,222 71,151

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 280,353 260,566
Taxation and social security 24,149 17,045
Other creditors 104,713 73,542
409,215 351,153

8. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 124,647

9. RELATED PARTY DISCLOSURES

Included in other creditors is a credit amount of £20,091 (2023: £22,897) due to Seathorn Construction Services Limited a company in which A Hupper is a director and shareholder.

Also included in debtors is an amount owed to the director A Hupper of £50,120 (2023: £15,277).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Hupper.