Traction Charger Company Limited

	Page
Company Information	1
Accountants' Report	2
Statement of Financial Position	3—4
Notes to the Financial Statements	5—9

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Accountants' Report

For The Year Ended 31 March 2026

Accountants' Report

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Traction Charger Company Limited for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Traction Charger Company Limited for the year ended 31 March 2026 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Traction Charger Company Limited , as a body, in accordance with the terms of our engagement letter dated 06 September 2021. Our work has been undertaken solely to prepare for your approval the accounts of Traction Charger Company Limited and state those matters that we have agreed to state to the directors of Traction Charger Company Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Traction Charger Company Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Traction Charger Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Traction Charger Company Limited . You consider that Traction Charger Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Traction Charger Company Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

14/07/2026

Charlton Baker

7-7c Snuff Street

Devizes

Wiltshire

SN10 1DU

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Traction Charger Company Limited

Statement of Financial Position

As At 31 March 2026

Statement of Financial Position

Registered number: 00970190

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		44,210		52,768
Investments	6		100		100

			44,310		52,868
CURRENT ASSETS
Stocks	7	243,835		335,084
Debtors	8	317,524		770,591
Cash at bank and in hand		235,178		98,020

		796,537		1,203,695
Creditors: Amounts Falling Due Within One Year	9	(511,942 )		(592,047 )

NET CURRENT ASSETS (LIABILITIES)			284,595		611,648

TOTAL ASSETS LESS CURRENT LIABILITIES			328,905		664,516

Creditors: Amounts Falling Due After More Than One Year	10		-		(37,500 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(6,192 )		(7,700 )

NET ASSETS			322,713		619,316

CAPITAL AND RESERVES
Called up share capital	11		20,105		20,105
Share premium account			24,760		24,760
Other reserves			25,121		25,121
Income Statement			252,727		549,330

SHAREHOLDERS' FUNDS			322,713		619,316

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Traction Charger Company Limited

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr K Clark

Director

14/07/2026

The notes on pages 5 to 9 form part of these financial statements.

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Traction Charger Company Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Traction Charger Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00970190 . The registered office is Roundway Hill, Business Centre, Devizes, wiltshire, SN10 2LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are interlectual property costs. It is amortised to income statement over its estimated economic life of 5 years.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Traction Charger Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Consolidation exemption

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2025: 13)

4. Intangible Assets

	Other	Development Costs	Total
	£	£	£
Cost
As at 1 April 2025	44,208	74,416	118,624

As at 31 March 2026	44,208	74,416	118,624

Amortisation
As at 1 April 2025	44,208	74,416	118,624

As at 31 March 2026	44,208	74,416	118,624

Net Book Value
As at 31 March 2026	-	-	-

As at 1 April 2025	-	-	-

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Traction Charger Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2025	25,098	15,600	50,864	91,562
Additions	-	-	397	397
Disposals	-	(15,600 )	-	(15,600 )

As at 31 March 2026	25,098	-	51,261	76,359

Depreciation
As at 1 April 2025	6,763	14,429	17,602	38,794
Provided during the period	2,750	-	5,034	7,784
Disposals	-	(14,429 )	-	(14,429 )

As at 31 March 2026	9,513	-	22,636	32,149

Net Book Value
As at 31 March 2026	15,585	-	28,625	44,210

As at 1 April 2025	18,335	1,171	33,262	52,768

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2025	100

As at 31 March 2026	100

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	100

As at 1 April 2025	100

7. Stocks

	2026	2025 as restated
	£	£
Materials	232,311	283,538
Finished goods	-	43,295
Work in progress	11,524	8,251

	243,835	335,084

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Traction Charger Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	192,417	250,128
Amounts owed by group undertakings	1	-
Other debtors	125,106	520,463

	317,524	770,591

9. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Trade creditors	356,695	433,034
Bank loans and overdrafts	41,344	52,148
Other creditors	61,924	48,558
Taxation and social security	51,979	58,307

	511,942	592,047

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025 as restated
	£	£
Bank loans	-	37,500

11. Share Capital

	2026	2025 as restated
	£	£
Called Up Share Capital not Paid	-	3
Called Up Share Capital has been paid up	20,105	20,102

Amount of Allotted, Called Up Share Capital	20,105	20,105

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025 as restated
	£	£
Not later than one year	9,113	24,133
Later than one year and not later than five years	14,430	63,187

	23,543	87,320

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Traction Charger Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Christopher Walker	229,025	9,654	(325,529)	-	-

The above loan is unsecured, interest free and repayable on demand.

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Directors	Mr M Johnston
	Mr K Clark

Company Number	00970190

Registered Office	Roundway Hill
	Business Centre
	Devizes
	wiltshire
	SN10 2LT

Accountants	Charlton Baker
	7-7c Snuff Street
	Devizes
	Wiltshire
	SN10 1DU