Right-Trak Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05817321

Right-Trak Limited

Filleted Unaudited Financial Statements

31 March 2025

Right-Trak Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		792,328	802,260

Current assets

Debtors	6	40,083	87,989
Cash at bank and in hand		426,670	406,098
		---------	---------
		466,753	494,087

Creditors: amounts falling due within one year	7	327,550		440,785
		---------		---------
Net current assets			139,203	53,302
			---------	---------
Total assets less current liabilities			931,531	855,562

Provisions

Taxation including deferred tax	2,000	2,000
	---------	---------
Net assets	929,531	853,562
	---------	---------

Capital and reserves

Called up share capital	8	700	700
Capital redemption reserve		400	400
Profit and loss account		928,431	852,462
		---------	---------
Shareholders funds		929,531	853,562
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

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

Right-Trak Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

Glynis Spriddell

Director

Company registration number: 05817321

Right-Trak Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Winnovation Training, Houghtons Yard, Shields Road, Newcastle Upon Tyne, NE6 2YD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £1.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery	-	20% straight line
Fixtures & fittings	-	33% straight line
Motor vehicles	-	25% straight line

No depreciation is provided on freehold property on the basis that the depreciation charge and accumulated depreciation are immaterial in the context of these accounts. The useful economic life and residual value of freehold property is maintained by regular refurbishment programme. Annual impairment reviews are carried out in respect of freehold property.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 53 (2024: 56 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	739,639	61,593	33,074	55,594	889,900
Additions	–	–	2,724	18,383	21,107
Disposals	–	–	( 26,578)	( 7,349)	( 33,927)
	---------	--------	--------	--------	---------
At 31 March 2025	739,639	61,593	9,220	66,628	877,080
	---------	--------	--------	--------	---------
Depreciation
At 1 April 2024	–	24,637	31,515	31,488	87,640
Charge for the year	–	12,319	2,316	15,020	29,655
Disposals	–	–	( 26,578)	( 5,965)	( 32,543)
	---------	--------	--------	--------	---------
At 31 March 2025	–	36,956	7,253	40,543	84,752
	---------	--------	--------	--------	---------
Carrying amount
At 31 March 2025	739,639	24,637	1,967	26,085	792,328
	---------	--------	--------	--------	---------
At 31 March 2024	739,639	36,956	1,559	24,106	802,260
	---------	--------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	39,372	87,699
Other debtors	711	290
	--------	--------
	40,083	87,989
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	23,957	21,748
Social security and other taxes	81,870	141,341
Other creditors	221,723	277,696
	---------	---------
	327,550	440,785
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	600	600	600	600
Ordinary A shares of £ 1 each	100	100	100	100
	----	----	----	----
	700	700	700	700
	----	----	----	----

9. Other financial commitments

Total financial commitments (future minimum lease payments under non-cancellable operating leases) which are not included in the balance sheet amount to £ 78,813 (2024: £ 21,948 ).

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Melanie Spriddell	–	–	–
	----	----	----

	2024
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
Melanie Spriddell	5,342	( 5,342)	–
	-------	-------	----

The director's loan is interest free and repayable on demand.