REGISTERED NUMBER: 05077904 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Trax Hydraulics (North West) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T H Wright

SECRETARY:

T H Wright

REGISTERED OFFICE:

Unit 3 Langley Road,

Burscough Industrial Estate

Burscough

Lancashire

L40 8JR

REGISTERED NUMBER:

05077904 (England and Wales)

ACCOUNTANTS:

Keith Dodd Accountants Ltd

4a Blundell Crescent

Hillside

Southport

Merseyside

PR8 4RF

FIXED ASSETS

Tangible assets

4

174,701

121,556

CURRENT ASSETS

Stocks

49,573

42,613

Debtors

5

121,260

125,417

Cash at bank

118,217

117,527

289,050

285,557

CREDITORS

Amounts falling due within one year

6

129,890

142,062

NET CURRENT ASSETS

159,160

143,495

TOTAL ASSETS LESS CURRENT LIABILITIES

333,861

265,051

CREDITORS

Amounts falling due after more than one year

7

(37,247

)

(11,713

)

PROVISIONS FOR LIABILITIES

(38,155

)

(22,964

)

NET ASSETS

258,459

230,374

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

258,259

230,174

258,459

230,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 November 2025 and were signed by:

T H Wright - Director

1.	STATUTORY INFORMATION

Trax Hydraulics (North West) Ltd 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.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

261,047

Additions

79,141

At 31 March 2025

340,188

DEPRECIATION

At 1 April 2024

139,491

Charge for year

25,996

At 31 March 2025

165,487

NET BOOK VALUE

At 31 March 2025

174,701

At 31 March 2024

121,556

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

108,208

117,819

Other debtors

13,052

7,598

121,260

125,417

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

14,264

19,999

Hire purchase contracts

19,393

23,529

Trade creditors

44,533

36,572

Taxation and social security

44,853

55,800

Other creditors

6,847

6,162

129,890

142,062

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,066

11,713

Hire purchase contracts

35,181

-

37,247

11,713