Maxitrak Limited iXBRL

Company Registration Number: 02325209

Maxitrak Limited

Unaudited Financial Statements

for the financial year ended 31 July 2025

Maxitrak Limited

Company Registration Number: 02325209

STATEMENT OF FINANCIAL POSITION

as at 31 July 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

4,295

5,158

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Current Assets

Inventories

360,000

410,000

Receivables

105,259

145,153

Cash and cash equivalents

9,942

20,205

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475,201

575,358

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Payables: amounts falling due within one year

(300,258)

(315,833)

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Net Current Assets

174,943

259,525

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Total Assets less Current Liabilities

179,238

264,683

Payables:

amounts falling due after more than one year

(16,667)

(100,000)

Provisions for liabilities

(816)

(980)

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Net Assets

161,755

163,703

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Capital and Reserves

Called up share capital

8,880

8,880

Share premium account

4,938

4,938

Retained earnings

147,937

149,885

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Equity attributable to owners of the company

161,755

163,703

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 29 April 2026 and signed on its behalf by



________________________________
Mr Alex Probyn
Director

Maxitrak Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 July 2025

General Information

Maxitrak Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 02325209. The registered office of the company is 10/11 Larkstore Park, Lodge Road, Staplehurst, Tonbridge, Kent, TN12 0QY which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 July 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax or other similar sales taxes for model rail & road sales.

Goodwill

Goodwill has been fully amortised over its estimated useful life.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% Reducing balance

Fixtures, fittings and equipment

25% Reducing balance

Computer equipment

20% Reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories

Inventories are valued at the lower of cost and net realisable value. Inventories. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Employees

The average monthly number of employees, including directors, during the financial year was 6, (2024 - 7).

2025

2024

Number

Number

Average number of persons employed

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4.	Intangible assets

		Goodwill	Total
		£	£
	Cost
	At 1 August 2024	39,800	39,800
		─────────	─────────

	At 31 July 2025	39,800	39,800
		─────────	─────────
	Amortisation

	At 31 July 2025	39,800	39,800
		─────────	─────────
	Net book value
	At 31 July 2025	-	-
		═════════	═════════


5.	Property, plant and equipment
		Plant and	Fixtures,	Computer	Total
		machinery	fittings and	equipment
			equipment
		£	£	£	£
	Cost
	At 1 August 2024	5,023	49,889	1,250	56,162
	Additions	-	-	500	500
		─────────	─────────	─────────	─────────
	At 31 July 2025	5,023	49,889	1,750	56,662
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 August 2024	1,256	49,034	714	51,004
	Charge for the financial year	942	214	207	1,363
		─────────	─────────	─────────	─────────
	At 31 July 2025	2,198	49,248	921	52,367
		─────────	─────────	─────────	─────────
	Net book value
	At 31 July 2025	2,825	641	829	4,295
		═════════	═════════	═════════	═════════
	At 31 July 2024	3,767	855	536	5,158
		═════════	═════════	═════════	═════════


6.	Inventories	2025	2024
		£	£

	Stock	360,000	410,000
		═════════	═════════


7.	Receivables	2025	2024
		£	£

	Trade receivables	88,240	95,627
	Other debtors	-	4,312
	Taxation	-	344
	Prepayments and accrued income	17,019	44,870
		─────────	─────────
		105,259	145,153
		═════════	═════════


8.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Bank overdrafts	56,289	57,513
	Bank loan	100,000	100,000
	Trade payables	46,012	61,262
	Taxation	36,811	48,405
	Other creditors	48,468	43,973
	Accruals	12,678	4,680
		─────────	─────────
		300,258	315,833
		═════════	═════════


9.	Payables	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	16,667	100,000
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 8)	156,289	157,513
	Repayable between one and two years	16,667	100,000
		─────────	─────────
		172,956	257,513
		═════════	═════════

10.

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

980

980

Charged to profit and loss

(164)

(164)

980

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At financial year end

816

980

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