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REGISTERED NUMBER: 14087534 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

SPHERETRAX LIMITED

SPHERETRAX LIMITED (REGISTERED NUMBER: 14087534)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Abridged Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SPHERETRAX LIMITED

Company Information

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTOR: | J Carmel

| REGISTERED OFFICE: | 3 The Chapmans

| Tilehouse Street

| Hitchin

| Hertfordshire

| SG5 2TS

| REGISTERED NUMBER: | 14087534 (England and Wales)

| ACCOUNTANTS: | Mark Burrows Limited

| Chartered Accountants

| 3 The Chapmans

| Tilehouse Street

| Hitchin

| Hertfordshire

| SG5 2TS

SPHERETRAX LIMITED (REGISTERED NUMBER: 14087534)

Abridged Balance Sheet

31 MAY 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 99,188 |  | 76,739 |  |

Investments | 5 | 100 |  | 100 |  |

99,288 |  | 76,839 |  |

CURRENT ASSETS

Debtors | 47,442 |  | 27,377 |  |

Cash at bank and in hand | 7,309 |  | 50,766 |  |

54,751 |  | 78,143 |  |

CREDITORS

Amounts falling due within one year | 185,778 |  | 106,693 |  |

NET CURRENT LIABILITIES | (131,027 | ) | (28,550 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (31,739 | ) | 48,289 |  |

CAPITAL AND RESERVES

Called up share capital | 234 |  | 234 |  |

Share premium | 338,949 |  | 338,949 |  |

Retained earnings | (370,922 | ) | (290,894 | ) |

(31,739 | ) | 48,289 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SPHERETRAX LIMITED (REGISTERED NUMBER: 14087534)

Abridged Balance Sheet - continued

31 MAY 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 February 2026 and were signed by:

J Carmel - Director

SPHERETRAX LIMITED (REGISTERED NUMBER: 14087534)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Spheretrax 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| The company meets its day to day working capital requirements through informal borrowing. The director is responsible for this informal borrowing which will continue to be available to the company and will be sufficient for the company's needs. Accordingly the financial statements have been prepared on a going concern basis and do not include any adjustments that would result from a withdrawal of this borrowing.

| Preparation of consolidated financial statements

| The financial statements contain information about Spheretrax Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

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

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences are being amortised evenly over their estimated useful life of ten years.

| Website & Catalogue costs are being amortised evenly over their estimated useful life of ten years.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

SPHERETRAX LIMITED (REGISTERED NUMBER: 14087534)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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 2 (2024 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 June 2024 | 89,860 |  |

| Additions | 34,927 |  |

| At 31 May 2025 | 124,787 |  |

| AMORTISATION

| At 1 June 2024 | 13,121 |  |

| Amortisation for year | 12,478 |  |

| At 31 May 2025 | 25,599 |  |

| NET BOOK VALUE

| At 31 May 2025 | 99,188 |  |

| At 31 May 2024 | 76,739 |  |

SPHERETRAX LIMITED (REGISTERED NUMBER: 14087534)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MAY 2025

5. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 100 |  |

| NET BOOK VALUE

| At 31 May 2025 | 100 |  |

| At 31 May 2024 | 100 |  |

6. | RELATED PARTY DISCLOSURES

| During the year the company traded with Soundtrack Creation Limited a company controlled by the director J Carmel on normal commercial terms. The company was invoiced £8,980 by Soundtrack Creation Limited during the year. As at 31.05.25 the company owed Soundtrack Creation Limited £114,568 (2024 : £103,792).

7. | ULTIMATE CONTROLLING PARTY

| The controlling party is J Carmel.