REGISTERED NUMBER: 06959329 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Trackit247 Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

S Mistry

H Mistry

REGISTERED OFFICE:

Unit 7 Marchmont Gate

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7BF

REGISTERED NUMBER:

06959329 (England and Wales)

ACCOUNTANTS:

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trackit247 Limited for the year ended 30 June 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Trackit247 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trackit247 Limited and state those matters that we have agreed to state to the Board of Directors of Trackit247 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trackit247 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trackit247 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trackit247 Limited. You consider that Trackit247 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trackit247 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

21 October 2025

FIXED ASSETS

Tangible assets

4

214,761

258,233

CURRENT ASSETS

Stocks

58,275

33,911

Debtors

5

268,194

159,689

Cash at bank

700,123

871,747

1,026,592

1,065,347

CREDITORS

Amounts falling due within one year

6

560,393

317,535

NET CURRENT ASSETS

466,199

747,812

TOTAL ASSETS LESS CURRENT LIABILITIES

680,960

1,006,045

PROVISIONS FOR LIABILITIES

48,017

57,640

NET ASSETS

632,943

948,405

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

632,843

948,305

SHAREHOLDERS' FUNDS

632,943

948,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

S Mistry - Director

1.	STATUTORY INFORMATION

Trackit247 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.

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 from the provision of tracking solution services and sale of tracking devices, 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.

Improvements to property

-

Over the lease term

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

Straight line over 3 years

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 Statement of Income and Retained Earnings, 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 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2024

114,165

14,440

56,132

Additions

-

-

-

At 30 June 2025

114,165

14,440

56,132

DEPRECIATION

At 1 July 2024

22,005

48

43,585

Charge for year

11,417

578

2,510

At 30 June 2025

33,422

626

46,095

NET BOOK VALUE

At 30 June 2025

80,743

13,814

10,037

At 30 June 2024

92,160

14,392

12,547

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2024

162,750

20,505

367,992

Additions

-

1,691

1,691

At 30 June 2025

162,750

22,196

369,683

DEPRECIATION

At 1 July 2024

28,713

15,408

109,759

Charge for year

26,807

3,851

45,163

At 30 June 2025

55,520

19,259

154,922

NET BOOK VALUE

At 30 June 2025

107,230

2,937

214,761

At 30 June 2024

134,037

5,097

258,233

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

220,929

124,681

Other debtors

19,000

19,000

Prepayments and accrued income

28,265

16,008

268,194

159,689

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

37,647

40,499

Corporation tax

390,322

178,246

Social security and other taxes

2,026

2,126

Pension contributions payable

424

990

VAT

116,434

78,927

Other creditors

9,308

14,961

Directors' current accounts

1,725

787

Accruals & deferred income

2,507

999

560,393

317,535

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.25

30.6.24

£

£

Within one year

41,040

41,040

Between one and five years

164,160

164,160

In more than five years

-

41,040

205,200

246,240