NEXATRAK LTD - Accounts

NEXATRAK LTD
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

NEXATRAK LTD
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	641,666	705,833
		641,666	705,833
Current assets
Debtors		14,071	0
Cash at bank and in hand		(14,622)	3,957
		(551)	3,957
Creditors: amount falling due within one year		(740,526)	(789,461)
Net current assets		(741,077)	(785,504)

Total assets less current liabilities		(99,411)	(79,671)
Net assets		(99,411)	(79,671)

Capital and reserves
Called up share capital		100	100
Profit and loss account		(99,511)	(79,771)
Shareholders' funds		(99,411)	(79,671)

For the year ended 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 accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 27 September 2025 and were signed on its behalf by:

-------------------------------
Eric Anthony JONES
Director

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Sujita PURUSHOTHAMAN
Director

1

NEXATRAK LTD
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

NEXATRAK LTD is a private company, limited by shares, registered in England and Wales, registration number 14704788, registration address NEXATRAK LTD, 23 GOODLASS ROAD, LIVERPOOL, L24 9HJ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of [] years.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Intangible fixed assets

Cost	Software	Total
	£	£
At 01 April 2024	770,000	770,000
Additions	-	-
Disposals	-	-
At 31 March 2025	770,000	770,000
Amortisation
At 01 April 2024	64,167	64,167
Charge for year	64,167	64,167
On disposals	-	-
At 31 March 2025	128,334	128,334
Net book values
At 31 March 2025	641,666	641,666
At 31 March 2024	705,833	705,833

4.	Controlling Party Directors and Persons with significant control with ownership of shares are Sujita Purushothaman and Eric Jones, who hold 49% and 51% of the share capital of the company respectively.

2

Registered Number: 14704788
England and Wales
NEXATRAK LTD

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025