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REGISTERED NUMBER: 04834186 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

RICHARDSON TRACTION LTD

| RICHARDSON TRACTION LTD (REGISTERED NUMBER: 04834186) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 July 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| RICHARDSON TRACTION LTD |

COMPANY INFORMATION

for the year ended 31 July 2025

| DIRECTORS: | W Richardson

| G Richardson

| J Howells

| SECRETARY: | Mrs E Richardson

| REGISTERED OFFICE: | 17 St Peters Place

| Fleetwood

| Lancashire

| FY7 6EB

| REGISTERED NUMBER: | 04834186 (England and Wales)

| ACCOUNTANTS: | Xeinadin

| 17 St Peters Place

| Fleetwood

| Lancashire

| FY7 6EB

| RICHARDSON TRACTION LTD (REGISTERED NUMBER: 04834186) |

BALANCE SHEET

31 July 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 687,929 |  | 758,846 |  |

687,929 |  | 758,846 |  |

CURRENT ASSETS

Stocks | 2,000 |  | - |  |

Debtors | 6 | 183,228 |  | 224,983 |  |

Cash at bank and in hand | 72,747 |  | 57,378 |  |

257,975 |  | 282,361 |  |

CREDITORS

Amounts falling due within one year | 7 | (323,846 | ) | (305,866 | ) |

NET CURRENT LIABILITIES | (65,871 | ) | (23,505 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 622,058 |  | 735,341 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (315,342 | ) | (205,573 | ) |

PROVISIONS FOR LIABILITIES | (171,982 | ) | (156,828 | ) |

NET ASSETS | 134,734 |  | 372,940 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 134,732 |  | 372,938 |  |

134,734 |  | 372,940 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| RICHARDSON TRACTION LTD (REGISTERED NUMBER: 04834186) |

BALANCE SHEET - continued

31 July 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

J Howells - Director

| RICHARDSON TRACTION LTD (REGISTERED NUMBER: 04834186) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 July 2025

1. | STATUTORY INFORMATION

| Richardson Traction Ltd 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.

| Going concern

| The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the 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.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

| Goodwill was recognised at cost and has been fully amortised over its useful life of 5 years from the date of acquisition.

| 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.

| 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 | - | 50 years

| Plant and machinery | - | 10% on reducing balance

| Computer equipment | - | 20% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| RICHARDSON TRACTION LTD (REGISTERED NUMBER: 04834186) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 July 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 8 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 August 2024

| and 31 July 2025 | 10,000 |  |

| AMORTISATION

| At 1 August 2024

| and 31 July 2025 | 10,000 |  |

| NET BOOK VALUE

| At 31 July 2025 | - |  |

| At 31 July 2024 | - |  |

| RICHARDSON TRACTION LTD (REGISTERED NUMBER: 04834186) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 July 2025

5. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Plant and |  | Computer |

| property |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 August 2024 | 164,362 |  | 991,159 |  | 967 |  | 1,156,488 |  |

| Additions | - |  | 396,559 |  | - |  | 396,559 |  |

| Disposals | (164,362 | ) | (452,262 | ) | (967 | ) | (617,591 | ) |

| At 31 July 2025 | - |  | 935,456 |  | - |  | 935,456 |  |

| DEPRECIATION

| At 1 August 2024 | 35,871 |  | 361,312 |  | 459 |  | 397,642 |  |

| Charge for year | 3,287 |  | 62,984 |  | 102 |  | 66,373 |  |

| Eliminated on disposal | (39,158 | ) | (176,769 | ) | (561 | ) | (216,488 | ) |

| At 31 July 2025 | - |  | 247,527 |  | - |  | 247,527 |  |

| NET BOOK VALUE

| At 31 July 2025 | - |  | 687,929 |  | - |  | 687,929 |  |

| At 31 July 2024 | 128,491 |  | 629,847 |  | 508 |  | 758,846 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 142,964 |  | 207,679 |  |

| Tax | 19,044 |  | - |  |

| Prepayments | 21,220 |  | 17,304 |  |

183,228 |  | 224,983 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Convertible debt | - |  | 3,288 |  |

| Bank loans and overdrafts | 8,333 |  | 6,961 |  |

| Hire purchase contracts | 184,133 |  | 120,717 |  |

| Trade creditors | 50,635 |  | 48,347 |  |

| Tax | 4,236 |  | 22,206 |  |

| Social security and other taxes | 1,803 |  | 9,758 |  |

| VAT | 60,386 |  | 63,976 |  |

| Other creditors | 8,320 |  | 23,553 |  |

| Directors' current accounts | - |  | 3,645 |  |

| Accruals and deferred income | 6,000 |  | 3,415 |  |

323,846 |  | 305,866 |  |

| RICHARDSON TRACTION LTD (REGISTERED NUMBER: 04834186) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 July 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 11,540 |  |

| Hire purchase contracts | 315,342 |  | 194,033 |  |

315,342 |  | 205,573 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

2025 | 2024 |

£ | £ |

| W Richardson and G Richardson

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 77,729 |  | 78,829 |  |

| Amounts repaid | (77,729 | ) | (78,829 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

10. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £68,490 (2024 - £60,000) were paid to the directors .

11. | ULTIMATE CONTROLLING PARTY

| From 1 September 2025 Monex Group Limited is the controlling party.