Traction Charger Company Limited

	Page
Company Information	1
Accountants' Report	2
Statement of Financial Position	3—4
Notes to the Financial Statements	5—9

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Accountants' Report

For The Year Ended 31 March 2025

Accountants' Report

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Traction Charger Company Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Traction Charger Company Limited for the year ended 31 March 2025 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to 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 at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Traction Charger Company Limited , as a body, in accordance with the terms of our engagement letter dated 06 September 2021. Our work has been undertaken solely to prepare for your approval the accounts of Traction Charger Company Limited and state those matters that we have agreed to state to the director of Traction Charger Company Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Traction Charger Company Limited and its director, as a body, for our work or for this report.

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

We have not been instructed to carry out an audit of the accounts of Traction Charger Company 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 financial statements.

Signed

18/12/2025

Charlton Baker

7-7c Snuff Street

Devizes

Wiltshire

SN10 1DU

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Traction Charger Company Limited

Statement of Financial Position

As At 31 March 2025

Statement of Financial Position

Registered number: 00970190

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		52,768		26,975
Investments	6		100		100

			52,868		27,075
CURRENT ASSETS
Stocks	7	335,084		48,206
Debtors	8	766,362		678,494
Cash at bank and in hand		98,020		168,012

		1,199,466		894,712
Creditors: Amounts Falling Due Within One Year	9	(585,174 )		(336,556 )

NET CURRENT ASSETS (LIABILITIES)			614,292		558,156

TOTAL ASSETS LESS CURRENT LIABILITIES			667,160		585,231

Creditors: Amounts Falling Due After More Than One Year	10		(37,500 )		(87,500 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,700 )		(4,722 )

NET ASSETS			621,960		493,009

CAPITAL AND RESERVES
Called up share capital	12		20,105		20,105
Share premium account			24,760		24,760
Fair value reserve	15		25,121		-
Income Statement			551,974		448,144

SHAREHOLDERS' FUNDS			621,960		493,009

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Traction Charger Company Limited

Statement of Financial Position (continued)

As At 31 March 2025

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.

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

The director acknowledges his 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 Income Statement.

On behalf of the board

Mr C Walker

Director

18/12/2025

The notes on pages 5 to 9 form part of these financial statements.

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Traction Charger Company Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Traction Charger Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00970190 . The registered office is Roundway Hill, Business Centre, Devizes, wiltshire, SN10 2LT.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are interlectual property costs. It is amortised to income statement over its estimated economic life of 5 years.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.5. 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:

Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.7. 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.

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Traction Charger Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

2.9. 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.

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.

2.10. Consolidation exemption

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 3)

4. Intangible Assets

	Other	Development Costs	Total
	£	£	£
Cost
As at 1 April 2024	44,208	74,416	118,624

As at 31 March 2025	44,208	74,416	118,624

Amortisation
As at 1 April 2024	44,208	74,416	118,624

As at 31 March 2025	44,208	74,416	118,624

Net Book Value
As at 31 March 2025	-	-	-

As at 1 April 2024	-	-	-

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Traction Charger Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	3,607	52,550	34,729	90,886
Additions	21,491	-	25,148	46,639
Disposals	-	(36,950 )	(9,013 )	(45,963 )

As at 31 March 2025	25,098	15,600	50,864	91,562

Depreciation
As at 1 April 2024	3,528	44,413	15,970	63,911
Provided during the period	3,235	390	5,876	9,501
Disposals	-	(30,374 )	(4,244 )	(34,618 )

As at 31 March 2025	6,763	14,429	17,602	38,794

Net Book Value
As at 31 March 2025	18,335	1,171	33,262	52,768

As at 1 April 2024	79	8,137	18,759	26,975

6. Investments

	Subsidiaries
	£
Cost
As at 1 April 2024	100

As at 31 March 2025	100

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	100

As at 1 April 2024	100

7. Stocks

	2025	2024
	£	£
Materials	283,538	48,206
Finished goods	43,295	-
Work in progress	8,251	-

	335,084	48,206

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Traction Charger Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	250,128	244,226
Other debtors	516,234	434,268

	766,362	678,494

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	433,033	228,381
Bank loans and overdrafts	52,148	65,031
Other creditors	41,686	10,163
Taxation and social security	58,307	32,981

	585,174	336,556

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

	2025	2024
	£	£
Bank loans	37,500	87,500

12. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	3	3
Called Up Share Capital has been paid up	20,102	20,102

Amount of Allotted, Called Up Share Capital	20,105	20,105

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	24,133	13,795
Later than one year and not later than five years	63,187	65,002

	87,320	78,797

14. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Christopher Walker	161,157	108,507	(40,607 )	-	229,057

The above loan is unsecured, interest free and repayable on demand.

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Traction Charger Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

15. Reserves

	Fair Value Reserve
	£
Movements in fair value reserve	25,121

As at 31 March 2025	25,121

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Director	Mr C Walker

Company Number	00970190

Registered Office	Roundway Hill
	Business Centre
	Devizes
	wiltshire
	SN10 2LT

Accountants	Charlton Baker
	7-7c Snuff Street
	Devizes
	Wiltshire
	SN10 1DU