Registration number: 08910922

Tract Engineering (Sot) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Statement of Changes in Equity	4
Notes to the Unaudited Financial Statements	5 to 9

Tract Engineering (Sot) Limited

Company Information

Directors

CJS Anderson L Anderson

Registered office

Pitt Street East Burslem Stoke on Trent Staffordshire ST6 2AX

Tract Engineering (Sot) Limited

(Registration number: 08910922)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	350,000	350,000
Tangible assets	6	10,420	11,943
		360,420	361,943
Current assets
Stocks	7	52,726	50,124
Debtors	8	12,545	16,044
Cash at bank and in hand		14,192	16,027
		79,463	82,195
Creditors: Amounts falling due within one year	9	(173,369)	(184,594)
Net current liabilities		(93,906)	(102,399)
Total assets less current liabilities		266,514	259,544
Creditors: Amounts falling due after more than one year	9	(358,825)	(358,825)
Provisions for liabilities		(8,665)	(8,665)
Net liabilities		(100,976)	(107,946)
Capital and reserves
Called up share capital	10	100	100
Retained earnings		(101,076)	(108,046)
Shareholders' deficit		(100,976)	(107,946)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:
 

Tract Engineering (Sot) Limited

(Registration number: 08910922)
Balance Sheet as at 31 March 2025

......................................... CJS Anderson Director

Tract Engineering (Sot) Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

	Share capital £	Retained earnings £	Total £
At 1 April 2024	100	(108,046)	(107,946)
Profit for the year	-	6,970	6,970
At 31 March 2025	100	(101,076)	(100,976)

	Share capital £	Retained earnings £	Total £
At 1 April 2023	100	(112,756)	(112,656)
Profit for the year	-	4,710	4,710
At 31 March 2024	100	(108,046)	(107,946)

Tract Engineering (Sot) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
Pitt Street East
Burslem
Stoke on Trent
Staffordshire
ST6 2AX

These financial statements were authorised for issue by the Board on 16 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.

Group accounts not prepared

The Company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the ground that it is a small sized group.

Going concern

The financial statements have been prepared on a going concern basis, this is based on the ongoing support of the holding company

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.

Tract Engineering (Sot) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current 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
Plant & Machinery	25% Reducing balance basis
Office Equipment	25% Reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight line basis

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.

Tract Engineering (Sot) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

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.

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 directors) during the year, was 6 (2024 - 2).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	3,473	3,982

Tract Engineering (Sot) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	500,000	500,000
At 31 March 2025	500,000	500,000
Amortisation
At 1 April 2024	150,000	150,000
At 31 March 2025	150,000	150,000
Carrying amount
At 31 March 2025	350,000	350,000
At 31 March 2024	350,000	350,000

6	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	10,536	6,000	64,661	81,197
Additions	-	-	1,950	1,950
At 31 March 2025	10,536	6,000	66,611	83,147
Depreciation
At 1 April 2024	9,764	1,500	57,990	69,254
Charge for the year	193	1,125	2,155	3,473
At 31 March 2025	9,957	2,625	60,145	72,727
Carrying amount
At 31 March 2025	579	3,375	6,466	10,420
At 31 March 2024	772	4,500	6,671	11,943

7

Stocks

	2025 £	2024 £
Other inventories	52,726	50,124

Tract Engineering (Sot) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Debtors

Current	2025 £	2024 £
Trade debtors	11,668	16,044
Prepayments	877	-
	12,545	16,044

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		51,306	75,732
Amounts owed to group undertakings and undertakings in which the company has a participating interest		106,628	101,387
Taxation and social security		13,024	4,258
Accruals and deferred income		2,411	3,218
Other creditors		-	(1)
		173,369	184,594

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other non-current financial liabilities	358,825	358,825

10	Share capital

Allotted, called up and fully paid shares

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