For the financial 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.

The members have not required the company to obtain an audit of its financial statements 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 financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Tramsheds Tech Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tramshed Tech, Pendyris Street, Cardiff, Wales, United Kingdom, CF11 6BH.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At 31 March 2025 the company had net liabilities of £2,011,543 and net current liabilities of £995,569. However, the going concern basis of preparation of the financial statements is considered appropriate as the directors are satisfied with the ongoing trading status of the company and securing any additional financing required to continue with planned expansion of the business activities across both sites and local government sponsored programs. The company remains dependent on the continued support of its shareholders.true

Turnover consists of income from renting out of office space, local business events and membership fees receivable during the year, excluding value added tax.

Services provided during the financial period, which at the balance sheet date have not been billed, have been recognised in turnover. Amounts are recognised based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the service provision.

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

The tax expense represents the tax currently payable.

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

The costs of short-term employee benefits are recognised as a liability and an expense.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Where a capital grant has been received in respect of specific equipment, the asset is capitalised and depreciated over its useful life and the associated grant income is credited to deferred income and released to the profit and loss account so as to be matched with the associated depreciation charge.

Grants towards revenue expenditure are credited to income in the period to which they relate.

The average monthly number of persons (including directors) employed by the company during the year was:

At the balance sheet date, the company owed £75,000 (2024: £Nil) to a company, which is under the control of a director..This loan attracts interest at a rate of 10% per annum, is unsecured, and is repayable on demand.

Included within other creditors an amount of of £12,646 (2024: £10,890) owed to the directors of the company. The loan is unsecured, interest free and repayable on demand

The bank loan of £3,326 is secured by a fixed and floating charge over the property and assets of the company.

Included within other loans is a loan of £1,833 (2024 £5,205) from a director which is secured by fixed and floating charges over the company’s property and assets.

The company's ultimate parent company is Tramsheds (Holdings) Limited, a company incorporated in the United Kingdom.

At the year ended 31 March 2025 the company had commitments under operating leases totalling £1,455,691 (2024: £2,191,861).