MTRAC ELECTRICAL SERVICES LTD

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Accountant's Report	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of MTRAC ELECTRICAL SERVICES LTD for the year ended 31 December 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of MTRAC ELECTRICAL SERVICES LTD 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 us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of MTRAC ELECTRICAL SERVICES LTD , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of MTRAC ELECTRICAL SERVICES LTD and state those matters that we have agreed to state to the directors of MTRAC ELECTRICAL SERVICES LTD , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MTRAC ELECTRICAL SERVICES LTD and its directors as a body for our work or for this report.

It is your duty to ensure that MTRAC ELECTRICAL SERVICES LTD 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 MTRAC ELECTRICAL SERVICES LTD . You consider that MTRAC ELECTRICAL SERVICES LTD 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 accounts of MTRAC ELECTRICAL SERVICES LTD . 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.

13th August 2026

The Curtis Partnership

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

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MTRAC ELECTRICAL SERVICES LTD

Statement of Financial Position

As At 31 December 2025

Statement of Financial Position

Registered number: 03676714

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,146		9,579

			7,146		9,579
CURRENT ASSETS
Debtors	5	9,684		1,858
Cash at bank and in hand		7,316		30,567

		17,000		32,425
Creditors: Amounts Falling Due Within One Year	6	(6,202 )		(6,846 )

NET CURRENT ASSETS (LIABILITIES)			10,798		25,579

TOTAL ASSETS LESS CURRENT LIABILITIES			17,944		35,158

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(1,358 )		(1,820 )

NET ASSETS			16,586		33,338

CAPITAL AND RESERVES
Called up share capital	9		2		2
Capital redemption reserve			1		1
Income Statement			16,583		33,335

SHAREHOLDERS' FUNDS			16,586		33,338

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MTRAC ELECTRICAL SERVICES LTD

Statement of Financial Position (continued)

As At 31 December 2025

For the year ending 31 December 2025 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 Mark Charlton

Director

13th August 2026

The notes on pages 4 to 7 form part of these financial statements.

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MTRAC ELECTRICAL SERVICES LTD

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

MTRAC ELECTRICAL SERVICES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 03676714 . The registered office is 1 Tape Street, Cheadle, Stoke On Trent, Staffordshire, ST10 1BB.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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.

2.4. 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	25% reducing balance basis
Motor Vehicles	25% reducing balance basis

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MTRAC ELECTRICAL SERVICES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2025	29,049	53,148	82,197

As at 31 December 2025	29,049	53,148	82,197

Depreciation
As at 1 January 2025	24,106	48,512	72,618
Provided during the period	1,274	1,159	2,433

As at 31 December 2025	25,380	49,671	75,051

Net Book Value
As at 31 December 2025	3,669	3,477	7,146

As at 1 January 2025	4,943	4,636	9,579

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MTRAC ELECTRICAL SERVICES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,646	606
Prepayments and accrued income	1,318	1,252
Other debtors	720	-

	9,684	1,858

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,379	2,134
Corporation tax	-	720
VAT	1,622	1,452
Accruals and deferred income	1,938	1,938
Directors' loan accounts	263	602

	6,202	6,846

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	1,358	1,820

8. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2025	1,820	1,820
Deferred taxation	(462 )	(462 )

Balance at 31 December 2025	1,358	1,358

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MTRAC ELECTRICAL SERVICES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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