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Registration number: 09530261

Trackwest Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Trackwest Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 8

Trackwest Ltd

Company Information

Director | Mr Dariusz Narowski

Registered office | Unit 47 Riverside Estate Sir Thomas Longley Road Rochester Kent ME2 4DP

Accountants | Williamson Croft Accountants Limited Chartered Certified AccountantsYork House 20 York Street Manchester M2 3BB

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Trackwest Ltd
for the Year Ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Trackwest Ltd for the year ended 30 June 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Trackwest Ltd, as a body, in accordance with the terms of our engagement letter dated 1 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Trackwest Ltd and state those matters that we have agreed to state to the Board of Directors of Trackwest Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trackwest Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Trackwest Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Trackwest Ltd. You consider that Trackwest Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Trackwest Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

18 September 2025

Trackwest Ltd

(Registration number: 09530261)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 38,328 | 66,674
Current assets |  |  |
Stocks | 5 | 3,000 | -
Debtors | 6 | 375,440 | 167,931
Cash at bank and in hand |  | 59,886 | 15
|  | 438,326 | 167,946
Creditors: Amounts falling due within one year | 7 | (462,632) | (463,948)
Net current liabilities |  | (24,306) | (296,002)
Total assets less current liabilities |  | 14,022 | (229,328)
Creditors: Amounts falling due after more than one year | 7 | - | (44,401)
Net assets/(liabilities) |  | 14,022 | (273,729)
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 13,922 | (273,829)
Shareholders' funds/(deficit) |  | 14,022 | (273,729)

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 18 September 2025

......................................... Mr Dariusz Narowski Director

Trackwest Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 47 Riverside Estate
Sir Thomas Longley Road
Rochester
Kent
ME2 4DP
United Kingdom

These financial statements were authorised for issue by the director on 18 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Trackwest Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture & fixture | 25% on reducing balance
Computer equipment | 33.33% on straight line
Plant & Machinery | 25% on reducing balance
Motor Vehicle | 25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trackwest Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 2).

Trackwest Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 66,233 | 68,226 | 97,069 | 231,528
Additions | 2,936 | - | - | 2,936
Disposals | - | (35,231) | - | (35,231)
At 30 June 2025 | 69,169 | 32,995 | 97,069 | 199,233
Depreciation
At 1 July 2024 | 50,765 | 33,407 | 80,682 | 164,854
Charge for the year | 4,546 | 6,769 | 4,097 | 15,412
Eliminated on disposal | - | (19,361) | - | (19,361)
At 30 June 2025 | 55,311 | 20,815 | 84,779 | 160,905
Carrying amount
At 30 June 2025 | 13,858 | 12,180 | 12,290 | 38,328
At 30 June 2024 | 15,468 | 34,819 | 16,387 | 66,674

5 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 3,000 | -

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 123,117 | 55,667
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 9 | 65,000 | 65,000
Prepayments |  | 1,650 | -
Other debtors |  | 185,673 | 47,264
|  | 375,440 | 167,931

Trackwest Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 36,968 | 91,757
Trade creditors |  | 44,013 | 158,294
Taxation and social security |  | 346,062 | 144,003
Accruals and deferred income |  | 380 | 1,970
Other creditors |  | 35,209 | 67,924
|  | 462,632 | 463,948

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | - | 44,401

Included within loans and borrowings less than one year is £4,064 (2024: £22,769), and loans and borrowings greater than one year is £Nil (2024: £11,497). This relates to hire purchase finance agreements which are secured by a fixed charge over the assets to which they relate.
Included within loans and borrowings less than one year is £32,904 (2024: £43,995), and loans and borrowings greater than one year is £Nil (2024: £32,904). This relates to commercial loans which are secured by way of a fixed and floating charge and negative pledge.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

9 | Related party transactions

The company has taken advantage of the exemption within FRS102 (Section 1A) from the requirement to disclose transactions with entities where each party to the transaction is a wholly owned member of the same group.
As at the year end there were amounts totalling £128,876 (2024: £47,264) owed from the director. The amounts are unsecured and repayable on demand.