Registration number: 03440555

Traqa Limited

Contents

Company Information	1
Directors' Report	2
Statement of Financial Position	3
Notes to the Financial Statements	4 to 7

Traqa Limited

Company Information

Directors

R A Pegna C N Pegna J S Pegna

Company secretary

N Mclaren

Registered office

2 Arlington Court Whittle Way Arlington Business Park Stevenage Hertfordshire SG1 2FS

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Traqa Limited

Directors' Report for the Year Ended 28 February 2026

The directors present their report and the financial statements for the year ended 28 February 2026.

Directors of the company

The directors who held office during the year were as follows:

R A Pegna

C N Pegna

J S Pegna

L Faley (ceased 28 February 2026)

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 15 July 2026 and signed on its behalf by:
 

......................................... R A Pegna Director

......................................... C N Pegna Director

Traqa Limited

Statement of Financial Position as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	5	191,911	231,988
Current assets
Debtors	6	235,226	236,786
Cash at bank and in hand		44,847	52,897
		280,073	289,683
Creditors: Amounts falling due within one year	7	(1,501)	(7,527)
Net current assets		278,572	282,156
Net assets		470,483	514,144
Capital and reserves
Called up share capital		230,000	230,000
Retained earnings		240,483	284,144
Shareholders' funds		470,483	514,144

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Traqa Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 15 July 2026 and signed on its behalf by:
 

......................................... R A Pegna Director

......................................... C N Pegna Director

Company registration number: 03440555

Traqa Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Arlington Court
Whittle Way
Arlington Business Park
Stevenage
Hertfordshire
SG1 2FS

The principal activity of the company is that of a sales agency for medical consumables.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 28 February 2026 but had net assets of £470,483 at that date.

The company operates in the health care sector and the company's software development is now complete and commencing to produce economic benefit.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax, returns, rebates and discounts.

The company recognises revenue from the sale of goods at the point of despatch when it is probable that economic benefit will flow to the company.

The company recognises revenue from agency services and the use of the company's software over the period the services are provided.

Traqa Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Intangible assets

Intangible assets are stated in the statement of financial position at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

The cost of intangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Research and development

Research expenditure is written off in the period in which it is incurred.

Software development costs are recognised as an intangible asset when all of the following criteria are demonstrated:

- The technical feasibility of completing the software so that it will be available for use or sale.
- The intention to complete the software and use or sell it.
- The ability to use the software or to sell it
- How the software will generate probable future economic benefits.
- The availability of adequate technical, financial and other resources to complete the development and to use or sell the software.
- The ability to measure reliably the expenditure attributable to the software during its development.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software development	10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Traqa Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2025 - 0).

4	Loss before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Amortisation expense	40,077	40,077

5	Intangible assets

	Software development £	Total £
Cost or valuation
At 1 March 2025	418,371	418,371
At 28 February 2026	418,371	418,371
Amortisation
At 1 March 2025	186,383	186,383
Amortisation charge	40,077	40,077
At 28 February 2026	226,460	226,460
Carrying amount
At 28 February 2026	191,911	191,911
At 28 February 2025	231,988	231,988

6

Debtors

	2026 £	2025 £
Amounts owed by group undertakings	235,226	236,786
	235,226	236,786

Traqa Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Taxation and social security	-	6,027
Other creditors	1,501	1,500
	1,501	7,527