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Registered number: 11035167
Trackerteam Limited
Financial statements
Information for filing with the registrar
For the Period Ended 31 August 2025
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Trackerteam Limited
Registered number: 11035167
Balance Sheet
As at 31 August 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current (liabilities)/assets
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 May 2026.
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Trackerteam Limited
Notes to the Financial Statements
For the Period Ended 31 August 2025
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 16, Hanson Lane, Enterprise Centre, Halifax, West Yorkshire, HX1 5PG.
The principal activity of the Company is the installation of automotive electronics and accessories.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
Revenue is measured at the fair value of the consideration received or receivable, net of VAT and discounts. Revenue is recognised when the significant risks and rewards of ownership have transferred to the customer,
the amount of revenue can be measured reliably, it is probable that the economic benefits will flow to the
Company, and the costs incurred or to be incurred can be measured reliably.
Revenue from the sale of tracking devices and related hardware is recognised when the goods are delivered to
the customer (or installed where installation is integral to delivery) and the significant risks and rewards of
ownership have transferred, which is generally the point at which the customer has accepted the goods and the
Company has no ongoing managerial involvement to the degree usually associated with ownership.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
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Trackerteam Limited
Notes to the Financial Statements
For the Period Ended 31 August 2025
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, straight line and reducing balance basis..
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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Trackerteam Limited
Notes to the Financial Statements
For the Period Ended 31 August 2025
2.Accounting policies (continued)
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Provisions for liabilities
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Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The average monthly number of employees, including directors, during the period was 45 (2024 - 34).
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Trackerteam Limited
Notes to the Financial Statements
For the Period Ended 31 August 2025
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Long-term leasehold property
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At 1 November 2024 - unaudited
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Transfers between classes
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At 1 November 2024 - unaudited
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Transfers between classes
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Amounts owed by group undertakings
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Amounts owed by group undertakings are repayable on demand, unsecured and bear no interest.
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Trackerteam Limited
Notes to the Financial Statements
For the Period Ended 31 August 2025
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Obligations under finance lease
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Net obligations under finance leases
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The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from
those of the Company in an independently administered fund. Contributions totalling £4,080 (2024: £2,934) were payable to the fund at the reporting date and are included in creditors.
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Trackerteam Limited
Notes to the Financial Statements
For the Period Ended 31 August 2025
The parent undertaking is Scorpion Group Holdings Limited, a company registered in England. The consolidated
financial statements of this group are available to the public and may be obtained from the Registrar of
Companies, Companies House, Crown Way, Maindy, Cardiff, CF4 3UZ.
The ultimate controlling party is Mr C Downing.
The auditors' report on the financial statements for the period ended 31 August 2025 was unqualified.
The audit report was signed on 27 May 2026 by J Glover (Senior statutory auditor) on behalf of Hurst Accountants Limited.
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