REGISTERED NUMBER: 07586990 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

TrainFX Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Q Han

Mrs Y Zhou

Miss J Hu

REGISTERED OFFICE:

4 Newmarket Court

Newmarket Drive

Derby

DE24 8NW

REGISTERED NUMBER:

07586990 (England and Wales)

AUDITORS:

Bourne & Co

Statutory Auditors

6 Lichfield Street

Burton-on-Trent

Staffordshire

DE14 3RD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

50,846

83,698

Investments

6

584,191

584,191

635,037

667,889

CURRENT ASSETS

Stocks

570,558

668,921

Debtors

7

723,975

345,008

Cash at bank and in hand

3,193,684

2,345,598

4,488,217

3,359,527

CREDITORS

Amounts falling due within one year

8

1,105,784

532,283

NET CURRENT ASSETS

3,382,433

2,827,244

TOTAL ASSETS LESS CURRENT LIABILITIES

4,017,470

3,495,133

PROVISIONS FOR LIABILITIES

5,481

5,481

NET ASSETS

4,011,989

3,489,652

CAPITAL AND RESERVES

Called up share capital

10

100

100

Share premium

714,186

714,186

Retained earnings

3,297,703

2,775,366

SHAREHOLDERS' FUNDS

4,011,989

3,489,652

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2026 and were signed on its behalf by:

Q Han - Director

1.	STATUTORY INFORMATION

TrainFX Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about TrainFX Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods and projects

Turnover from the sale of goods and projects is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of goods to the customer.

Advance receipts for the delivery of a project are recognised as deferred income until the contract has been delivered when the receipt is recognised as turnover.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

in accordance with the property lease.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost and 10% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost and are subject to annual impairment reviews.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Stock valuation is on-going and updated automatically on a first in, first out basis (FIFO). Each stock item value is updated using an average buying cost through an electronic system to ensure older stock is never over valued at the latest purchase cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Grants received towards revenue expenditure are recognised as other income in the year in which the revenue expenditure is incurred.

Grants received towards capital expenditure are accounted for on the accruals basis and are released to the profit and loss account to match the depreciation policy of the asset to which they relate.

Debtors

Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Creditors

Short term creditors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

202,197

37,651

239,848

AMORTISATION

At 1 January 2025

and 31 December 2025

202,197

37,651

239,848

NET BOOK VALUE

At 31 December 2025

-

-

-

At 31 December 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

124,864

96,637

35,020

22,171

278,692

Additions

-

490

-

1,921

2,411

At 31 December 2025

124,864

97,127

35,020

24,092

281,103

DEPRECIATION

At 1 January 2025

87,898

59,119

28,342

19,635

194,994

Charge for year

13,073

17,122

2,834

2,234

35,263

At 31 December 2025

100,971

76,241

31,176

21,869

230,257

NET BOOK VALUE

At 31 December 2025

23,893

20,886

3,844

2,223

50,846

At 31 December 2024

36,966

37,518

6,678

2,536

83,698

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

584,191

NET BOOK VALUE

At 31 December 2025

584,191

At 31 December 2024

584,191

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

375,431

144,947

Amounts owed by group undertakings

21,160

-

Other debtors

-

3,280

Corporation tax

60,827

137,557

Prepayments and accrued income

266,557

59,224

723,975

345,008

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

82,229

101,769

Amounts owed to group undertakings

123,100

123,874

Social security and other taxes

25,871

35,279

Other creditors

7,426

12,759

Accruals and deferred income

867,158

258,602

1,105,784

532,283

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

96,616

96,626

Between one and five years

48,797

146,604

145,413

243,230

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Callum Edwards BFP ACA (Senior Statutory Auditor)

for and on behalf of Bourne & Co

12.	ULTIMATE PARENT COMPANY