Trak Global Security Solutions Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 14863202

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		227,352		-
Tangible Assets	5		446,680		441,990
Investments	6		1		-

			674,033		441,990
CURRENT ASSETS
Stocks	7	136,050		59,902
Debtors	8	505,178		811,686
Cash at bank and in hand		167,560		146,415

		808,788		1,018,003
Creditors: Amounts Falling Due Within One Year	9	(1,128,495 )		(1,452,242 )

NET CURRENT ASSETS (LIABILITIES)			(319,707 )		(434,239 )

TOTAL ASSETS LESS CURRENT LIABILITIES			354,326		7,751

Creditors: Amounts Falling Due After More Than One Year	10		(460,417 )		-

NET (LIABILITIES)/ASSETS			(106,091 )		7,751

CAPITAL AND RESERVES
Called up share capital	11		1		1
Profit and Loss Account			(106,092 )		7,750

SHAREHOLDERS' FUNDS			(106,091)		7,751

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Trak Global Security Solutions Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Turnock

Director

22/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Trak Global Security Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14863202 . The registered office is Datum House, Electra Way, Crewe, CW1 6ZF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	33% straight line
Plant & Machinery	25% straight line
Fixtures & Fittings	33% straight line
Computer Equipment	33% straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Trak Global Security Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 23 (2023: 22)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2024	-
Additions	243,879

As at 31 December 2024	243,879

Amortisation
As at 1 January 2024	-
Provided during the period	16,527

As at 31 December 2024	16,527

Net Book Value
As at 31 December 2024	227,352

As at 1 January 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	-	626,565	-	1,780	628,345
Additions	12,180	235,325	9,819	16,432	273,756
Disposals	-	(198,138 )	-	-	(198,138 )

As at 31 December 2024	12,180	663,752	9,819	18,212	703,963

Depreciation
As at 1 January 2024	-	186,355	-	-	186,355
Provided during the period	738	159,651	611	3,161	164,161
Disposals	-	(93,233 )	-	-	(93,233 )

As at 31 December 2024	738	252,773	611	3,161	257,283

Net Book Value
As at 31 December 2024	11,442	410,979	9,208	15,051	446,680

As at 1 January 2024	-	440,210	-	1,780	441,990

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Trak Global Security Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2024	-
Additions	1

As at 31 December 2024	1

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1

As at 1 January 2024	-

7. Stocks

	31 December 2024	31 December 2023
	£	£
Stock	136,050	59,902

8. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	417,179	637,198
Prepayments and accrued income	70,717	73,501
Other debtors	5,001	1
Amounts owed by group undertakings	-	100,986
Amounts owed by subsidiaries	12,281	-

	505,178	811,686

9. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	176,215	239,744
Other taxes and social security	28,996	28,902
VAT	48,470	52,653
Other creditors	7,065	69,594
Accruals and deferred income	791,942	1,061,349
Amounts owed to group undertakings	75,807	-

	1,128,495	1,452,242

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Trak Global Security Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Accruals and deferred income	460,417	-

11. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	1	1

12. Related Party Transactions

During the year, the company had the following related party transactions and balances:

SVR Solutions Ltd - parent company

Amount due to related party: £75,807 (2024: £(100,986))

The loan is interest free and repayable on demand.

Suretrak Ltd - A company controlled by the director

The company provided services amounting to £32,174 (2023: £Nil)

The transactions were made on terms equivalent to those that would prevail in an arms length transaction.

At the year end, an amount of £4,751 was due to the related party, which is unsecured and will be settled within normal credit terms.

13. Ultimate Controlling Party

The company's ultimate controlling party is SVR Solutions Limited by virtue of his ownership of 100% of the issued share capital in the company.

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