REGISTERED NUMBER: 04207789 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TRACTIVITY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P F Rivers

M Rutter

S England

SECRETARY:

Banks Cooper Associates Ltd

REGISTERED OFFICE:

21 Marina Court

Castle Street

Hull

East Yorkshire

HU1 1TJ

REGISTERED NUMBER:

04207789 (England and Wales)

ACCOUNTANTS:

Banks Cooper Associates Limited

21 Marina Court

Castle Street

Hull

HU1 1TJ

FIXED ASSETS

Intangible assets

4

-

120,000

Tangible assets

5

100,522

117,260

100,522

237,260

CURRENT ASSETS

Debtors

683,238

289,527

Cash at bank and in hand

30,623

17,177

713,861

306,704

CREDITORS

Amounts falling due within one year

440,273

280,107

NET CURRENT ASSETS

273,588

26,597

TOTAL ASSETS LESS CURRENT LIABILITIES

374,110

263,857

CREDITORS

Amounts falling due after more than one year

(176,894

)

(87,853

)

PROVISIONS FOR LIABILITIES

(24,912

)

(29,050

)

NET ASSETS

172,304

146,954

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

172,204

146,854

SHAREHOLDERS' FUNDS

172,304

146,954

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 September 2025 and were signed on its behalf by:

P F Rivers - Director

1.	STATUTORY INFORMATION

Tractivity 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared on the going concern basis. The company has the support of its parent company. The directors are confident that such support will continue to be provided. In making their assessment of going concern, the directors have also considered broad economic factors affecting the company and the economy generally. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least one year from the date of approval. They therefore consider that the going concern basis continues to be appropriate.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

100% on cost and Straight line over 3 years

Impairment

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered impairment loss. if there ia an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying value. If estimated recoverable amount is lower, the carrying amount is reduced to its estimates recoverable amount, and an impairment loss is recognised immediately on profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in propr years. A reversal of an impairment loss is recognised immediately in profit or loss.

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.

Research and development

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

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss. Derivative financial instruments are initially recored at cost and thereafter at fair value with changes recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

600,000

AMORTISATION

At 1 January 2024

480,000

Amortisation for year

120,000

At 31 December 2024

600,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

120,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

134,824

Additions

2,637

At 31 December 2024

137,461

DEPRECIATION

At 1 January 2024

17,564

Charge for year

19,375

At 31 December 2024

36,939

NET BOOK VALUE

At 31 December 2024

100,522

At 31 December 2023

117,260

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

87,853

100,954