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REGISTERED NUMBER: 07586990 (England and Wales)










Financial Statements

for the Year Ended 31 December 2024

for

TrainFX Limited

TrainFX Limited (Registered number: 07586990)






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


TrainFX Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Q Han
Mrs Y Zhou
Miss J Hu





REGISTERED OFFICE: 4 Newmarket Court
Newmarket Drive
Derby
DE24 8NW





REGISTERED NUMBER: 07586990 (England and Wales)





AUDITORS: Bourne & Co
Statutory Auditors
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

TrainFX Limited (Registered number: 07586990)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 83,698 70,446
Investments 6 584,191 584,191
667,889 654,637

CURRENT ASSETS
Stocks 668,921 617,454
Debtors 7 345,008 230,873
Cash at bank and in hand 2,345,598 2,544,412
3,359,527 3,392,739
CREDITORS
Amounts falling due within one year 8 532,283 566,808
NET CURRENT ASSETS 2,827,244 2,825,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,495,133

3,480,568

PROVISIONS FOR LIABILITIES 5,481 5,481
NET ASSETS 3,489,652 3,475,087

CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium 714,186 714,186
Retained earnings 2,775,366 2,760,801
SHAREHOLDERS' FUNDS 3,489,652 3,475,087

TrainFX Limited (Registered number: 07586990)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:





Q Han - Director


TrainFX Limited (Registered number: 07586990)

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

1. STATUTORY INFORMATION

TrainFX 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.

Preparation of consolidated financial statements
The financial statements contain information about TrainFX Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Sale of goods and projects

Turnover from the sale of goods and projects is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of goods to the customer.

Advance receipts for the delivery of a project are recognised as deferred income until the contract has been delivered when the receipt is recognised as turnover.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five 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.

Patents and licences are being amortised evenly over their estimated useful life of three years.

TrainFX Limited (Registered number: 07586990)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property lease.
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on cost and 10% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost and are subject to annual impairment reviews.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Stock valuation is on-going and updated automatically on a first in, first out basis (FIFO). Each stock item value is updated using an average buying cost through an electronic system to ensure older stock is never over valued at the latest purchase cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


TrainFX Limited (Registered number: 07586990)

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

2. ACCOUNTING POLICIES - continued

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
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.

Government grants
Grants received towards revenue expenditure are recognised as other income in the year in which the revenue expenditure is incurred.

Grants received towards capital expenditure are accounted for on the accruals basis and are released to the profit and loss account to match the depreciation policy of the asset to which they relate.

Debtors
Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Creditors
Short term creditors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

TrainFX Limited (Registered number: 07586990)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 202,197 37,651 239,848
AMORTISATION
At 1 January 2024
and 31 December 2024 202,197 37,651 239,848
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - - -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 124,864 48,261 35,020 22,171 230,316
Additions - 48,376 - - 48,376
At 31 December 2024 124,864 96,637 35,020 22,171 278,692
DEPRECIATION
At 1 January 2024 74,825 44,806 25,478 14,761 159,870
Charge for year 13,073 14,313 2,864 4,874 35,124
At 31 December 2024 87,898 59,119 28,342 19,635 194,994
NET BOOK VALUE
At 31 December 2024 36,966 37,518 6,678 2,536 83,698
At 31 December 2023 50,039 3,455 9,542 7,410 70,446

TrainFX Limited (Registered number: 07586990)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 584,191
NET BOOK VALUE
At 31 December 2024 584,191
At 31 December 2023 584,191

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 144,947 101,525
Amounts owed by group undertakings - 6,357
Other debtors 3,280 4,406
Corporation tax 137,557 65,466
Prepayments and accrued income 59,224 53,119
345,008 230,873

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 101,769 21,607
Amounts owed to group undertakings 123,874 225,671
Social security and other taxes 35,279 67,092
Other creditors 12,759 12,472
Accruals and deferred income 258,602 239,966
532,283 566,808

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 96,626 67,804
Between one and five years 146,604 166,663
243,230 234,467

TrainFX Limited (Registered number: 07586990)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Meadows BA FCA (Senior Statutory Auditor)
for and on behalf of Bourne & Co

12. ULTIMATE PARENT COMPANY

Changzhou Evergreen Technology Co., Ltd is the ultimate parent company and prepares consolidated financial statements.

The company is registered in China with a registered office 300, Hehai West Road, Changzhou, Jiangsu, 213125 China.