1 March 2025 v2026.31.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP088741212025-03-012026-02-28088741212026-02-28088741212025-02-2808874121core:WithinOneYear2026-02-2808874121core:WithinOneYear2025-02-2808874121core:ShareCapital2026-02-2808874121core:ShareCapital2025-02-2808874121core:RetainedEarningsAccumulatedLosses2026-02-2808874121core:RetainedEarningsAccumulatedLosses2025-02-2808874121bus:Director12025-03-012026-02-2808874121bus:RegisteredOffice2025-03-012026-02-2808874121core:PlantMachinery2025-03-012026-02-2808874121core:OfficeEquipment2025-03-012026-02-2808874121core:MotorVehicles2025-03-012026-02-28088741212024-03-012025-02-2808874121core:PlantMachinery2025-03-0108874121core:PlantMachinery2026-02-2808874121core:PlantMachinery2025-02-280887412112025-03-012026-02-280887412112025-03-012026-02-2808874121countries:EnglandWales2025-03-012026-02-2808874121bus:AuditExemptWithAccountantsReport2025-03-012026-02-2808874121bus:PrivateLimitedCompanyLtd2025-03-012026-02-2808874121bus:SmallEntities2025-03-012026-02-2808874121bus:FullAccounts2025-03-012026-02-28
Company registration number:
08874121
Trax Construction Limited
Unaudited Filleted Financial Statements for the year ended
28 February 2026
Trax Construction Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Trax Construction Limited
Year ended
28 February 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Trax Construction Limited
for the year ended
28 February 2026
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Trax Construction Limited
, as a body, in accordance with the terms of our engagement letter dated 8 May 2026. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Trax Construction Limited
and state those matters that we have agreed to state to the Board of Directors of
Trax Construction Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Trax Construction Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Trax Construction Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Trax Construction Limited
. You consider that
Trax Construction Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Trax Construction 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 statutory financial statements.
Emery & Co Accountants Limited
Office Suite 10
The Old Cottage Hospital
Leicester Road
Ashby de la Zouch
LE65 1DB
United Kingdom
Date:
15 June 2026
Trax Construction Limited
Statement of Financial Position
28 February 2026
20262025
Note££
Fixed assets    
Tangible assets 5
285,651
 
389,210
 
Current assets    
Debtors 6
97,455
 
107,196
 
Cash at bank and in hand
150,183
 
261,976
 
247,638
 
369,172
 
Creditors: amounts falling due within one year 7
(34,991
 )
(20,322
 )
Net current assets
212,647
 
348,850
 
Total assets less current liabilities 498,298   738,060  
Provisions for liabilities
(54,274
 )
(73,950
 )
Net assets
444,024
 
664,110
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
443,924
 
664,010
 
Shareholders funds
444,024
 
664,110
 
For the 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
15 June 2026
, and are signed on behalf of the board by:
P Whyatt
Director
Company registration number:
08874121
Trax Construction Limited
Notes to the Financial Statements
Year ended
28 February 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Office Suite 10
,
The Old Cottage Hospital
,
Leicester Road
,
Ashby-De-La-Zouch
,
LE65 1DB
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The directors have considered available cash resources over the next 12 months, and they feel that the company is in a position to meet its liabilities as and when they fall due for a period of at least 12 months from the signing of these accounts.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% Reducing Balance
Office equipment
33% Straight Line
Motor vehicles
25% Reducing Balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2025:
3.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2025
848,282
 
Additions
1,909
 
Disposals
(39,960
 )
At
28 February 2026
810,231
 
Depreciation  
At
1 March 2025
459,072
 
Charge
96,875
 
Disposals
(31,367
 )
At
28 February 2026
524,580
 
Carrying amount  
At
28 February 2026
285,651
 
At 28 February 2025
389,210
 

6 Debtors

20262025
££
Trade debtors
57,463
 
71,675
 
Other debtors
39,992
 
35,521
 
97,455
 
107,196
 

7 Creditors: amounts falling due within one year

20262025
££
Trade creditors
10,635
 
13,383
 
Taxation and social security
4,378
 
988
 
Other creditors
19,978
 
5,951
 
34,991
 
20,322
 

8 Events after the end of the reporting period

On 2 April 2026, the company repurchased 50 of its own ordinary shares for a total consideration of £258,000. The transaction was completed in accordance with the requirements of the Companies Act 2006 and the company’s Articles of Association.
The repurchased shares were cancelled following completion of the transaction. This event occurred after the balance sheet date and therefore is not reflected in the financial statements for the year ended 28 February 2026, but is disclosed as it is considered to be a material non‑adjusting event.

10 Controlling party

There is no ultimate controlling party.