REGISTERED NUMBER: 05819222 (England and Wales)

EFM Traction Limited

Unaudited Financial Statements

for the Year Ended 30th June 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

P E Minney

SECRETARY:

Mrs Y L Minney

REGISTERED OFFICE:

310 Wellingborough Road

Northampton

Northamptonshire

NN1 4EP

REGISTERED NUMBER:

05819222 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Intangible assets

5

-

3,000

Tangible assets

6

2,229,986

2,190,653

Investments

7

37,120

37,120

2,267,106

2,230,773

CURRENT ASSETS

Debtors

8

1,789,546

1,654,133

Cash at bank

51,058

61,402

1,840,604

1,715,535

CREDITORS

Amounts falling due within one year

9

1,033,592

1,054,234

NET CURRENT ASSETS

807,012

661,301

TOTAL ASSETS LESS CURRENT LIABILITIES

3,074,118

2,892,074

CREDITORS

Amounts falling due after more than one year

10

(323,000

)

(341,475

)

PROVISIONS FOR LIABILITIES

13

(364,000

)

(354,000

)

NET ASSETS

2,387,118

2,196,599

CAPITAL AND RESERVES

Called up share capital

14

200

200

Retained earnings

2,386,918

2,196,399

SHAREHOLDERS' FUNDS

2,387,118

2,196,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 1st October 2026 and were signed by:

P E Minney - Director

1.	STATUTORY INFORMATION

EFM Traction 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of the provision of haulage services.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 2006, is being amortised evenly over its estimated useful life of twenty 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

50% on cost, 33% on cost, 25% on cost and 20% on cost

Computer equipment

-

33% on cost

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2025 - 23 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st July 2025

and 30th June 2026

60,000

AMORTISATION

At 1st July 2025

57,000

Amortisation for year

3,000

At 30th June 2026

60,000

NET BOOK VALUE

At 30th June 2026

-

At 30th June 2025

3,000

6.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st July 2025

555,311

51,614

3,595,733

47,862

4,250,520

Additions

-

-

452,603

-

452,603

Disposals

-

-

(102,048

)

-

(102,048

)

At 30th June 2026

555,311

51,614

3,946,288

47,862

4,601,075

DEPRECIATION

At 1st July 2025

-

47,102

1,966,206

46,559

2,059,867

Charge for year

-

834

309,379

1,009

311,222

At 30th June 2026

-

47,936

2,275,585

47,568

2,371,089

NET BOOK VALUE

At 30th June 2026

555,311

3,678

1,670,703

294

2,229,986

At 30th June 2025

555,311

4,512

1,629,527

1,303

2,190,653

The net book value of tangible fixed assets includes £ 770,413 (2025 - £ 663,114 ) in respect of assets held under hire purchase contracts.

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st July 2025

and 30th June 2026

37,120

NET BOOK VALUE

At 30th June 2026

37,120

At 30th June 2025

37,120

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,204,461

1,111,921

Amounts owed by associates

290,512

393,793

Other debtors

294,573

148,419

1,789,546

1,654,133

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 11)

-

36,667

Hire purchase contracts

331,916

369,655

Trade creditors

421,259

354,873

Taxation and social security

197,909

138,287

Other creditors

82,508

154,752

1,033,592

1,054,234

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

323,000

341,475

11.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

-

36,667

12.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

654,916

711,130

The invoice discounted books debts are secured by a standard bank debenture over the assets of the company.

13.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

364,000

354,000

Deferred

tax

£

Balance at 1st July 2025

354,000

Provided during year

10,000

Balance at 30th June 2026

364,000

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

200

200

15.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th June 2026 or 30th June 2025.

16.	CAPITAL COMMITMENTS

There were no capital commitments as at 30th June 2026 or 30th June 2025.