Tachyonrad Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Tachyonrad Limited

(Registration number: 14541587)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,097	5,571
Current assets
Debtors	5	8,124	3,046
Cash at bank and in hand		24,568	7,174
		32,692	10,220
Creditors: Amounts falling due within one year	6	(207,886)	(130,534)
Net current liabilities		(175,194)	(120,314)
Net liabilities		(172,097)	(114,743)
Capital and reserves
Called up share capital		10	10
Profit and loss account		(172,107)	(114,753)
Shareholders' deficit		(172,097)	(114,743)

For the financial 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.

Director's 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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 22 September 2026
 

Mr M G J O'Donovan Director

Tachyonrad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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:
26-28 Southernhay East
Exeter
England
EX1 1NS

Principal activity

The principal activity of the company is the development of tracking devices and associated software.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis. The company has historically incurred losses as a result of expenditure incurred in the development of its products prior to generating significant levels of revenue.

At 31 December 2025, the company had net liabilities of £172,097, including £194,115 owed to the director. The company is dependent upon the continued financial support of the director.

The company is now generating increasing levels of revenue and current trading has been profitable at gross profit level. Having considered the company's current trading performance, financial position and the continued financial support available from the director, the director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

Tachyonrad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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 when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

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

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis
Office equipment	33.33% straight line basis

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Tachyonrad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 January 2025	2,729	7,638	10,367
Additions	-	1,131	1,131
At 31 December 2025	2,729	8,769	11,498
Depreciation
At 1 January 2025	1,364	3,432	4,796
Charge for the year	682	2,923	3,605
At 31 December 2025	2,046	6,355	8,401
Carrying amount
At 31 December 2025	683	2,414	3,097
At 31 December 2024	1,365	4,206	5,571

5

Debtors

	2025 £	2024 £
Trade debtors	-	442
Other debtors	-	851
Prepayments	8,124	1,753
	8,124	3,046

Tachyonrad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	2,089	1,916
Taxation and social security	5,461	-
Accruals and deferred income	6,221	6,085
Other creditors	194,115	122,533
	207,886	130,534

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8	Related party transactions

Transactions with the director

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
Loan from director	(122,533)	10	(71,592)	(194,115)

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Loan from director	(62,579)	46	(60,000)	(122,533)