Company Registration No. 05916054 (England and Wales)
Substrakt Limited
Unaudited accounts
for the year ended 31 August 2026
Substrakt Limited
Unaudited accounts
Contents
Substrakt Limited
Company Information
for the year ended 31 August 2026
Directors
Andrew John Hartwell
James Braithwaite
Stuart Maynes
Company Number
05916054 (England and Wales)
Registered Office
Substrakt Ltd
45 Frederick Street
Birmingham
West Midlands
B1 3HN
England
Accountants
R M Accountancy Services Ltd
The Old Post Office
137-139 Long Street
Dordon
Staffordshire
B78 1SH
Substrakt Limited
Accountants' report
Accountants' report to the board of directors of Substrakt Limited on the preparation of the unaudited statutory accounts for the year ended 31 August 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Substrakt Limited for the year ended
31 August 2026 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Substrakt Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Substrakt Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Substrakt Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Substrakt Limited 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 of Substrakt Limited. You consider that Substrakt 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 accounts of Substrakt 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 accounts.
R M Accountancy Services Ltd
The Old Post Office
137-139 Long Street
Dordon
Staffordshire
B78 1SH
20 October 2026
Substrakt Limited
Statement of financial position
as at 31 August 2026
Tangible assets
32,909
44,598
Cash at bank and in hand
36,909
189,898
Creditors: amounts falling due within one year
(582,831)
(586,746)
Net current assets
372,806
153,908
Total assets less current liabilities
405,715
198,506
Creditors: amounts falling due after more than one year
(314,530)
(241,240)
Provisions for liabilities
Net assets/(liabilities)
91,185
(43,442)
Called up share capital
710
710
Capital redemption reserve
290
290
Profit and loss account
90,185
(44,442)
Shareholders' funds
91,185
(43,442)
For the year ending 31 August 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2026 and were signed on its behalf by
Andrew John Hartwell
Director
Company Registration No. 05916054
Substrakt Limited
Notes to the Accounts
for the year ended 31 August 2026
Substrakt Limited is a private company, limited by shares, registered in England and Wales, registration number 05916054. The registered office is Substrakt Ltd, 45 Frederick Street, Birmingham, West Midlands, B1 3HN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Substrakt Limited
Notes to the Accounts
for the year ended 31 August 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2025
13,341
42,381
67,969
123,691
Disposals
(2,047)
-
(8,745)
(10,792)
At 31 August 2026
11,294
42,381
66,190
119,865
At 1 September 2025
12,016
10,595
56,482
79,093
Charge for the year
969
7,947
9,309
18,225
On disposals
(2,030)
-
(8,332)
(10,362)
At 31 August 2026
10,955
18,542
57,459
86,956
At 31 August 2026
339
23,839
8,731
32,909
At 31 August 2025
1,325
31,786
11,487
44,598
Amounts falling due within one year
Trade debtors
118,084
144,134
Deferred tax asset
1,538
-
Accrued income and prepayments
251,097
53,914
Other debtors
494,305
320,347
Amounts falling due after more than one year
Other debtors
53,704
32,361
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
266,835
212,404
Obligations under finance leases and hire purchase contracts
8,766
8,766
Trade creditors
36,911
37,919
Taxes and social security
114,310
141,338
Other creditors
75,825
49,808
For bank loan details, see note 7.
Substrakt Limited
Notes to the Accounts
for the year ended 31 August 2026
7
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
296,268
214,212
Obligations under finance leases and hire purchase contracts
18,262
27,028
At 31 August 2026 the company had the following bank loans outstanding:
A flexible term loan repayable over 2 years in monthly instalments. This loan has been personally guaranteed by A J Hartwell, a director of the company.
There is a fixed term loan repayable over 5 years in equal monthly instalments. This loan has also been personally guaranteed by A J Hartwell, a director of the company.
There is a fixed term bank loan repayable over 6 years in monthly instalments. This facility is supported by the Recovery Loan Scheme (RLS), under which 70% of the loan value is guaranteed by the UK government.
In addition, at the year end the company had obligations under hire purchase and finance leases falling due after more than one year of £18,262 (2025 – £27,028) in respect of a motor vehicle. The liability is secured on the asset to which it relates and is repayable in monthly instalments over the term of the agreement.
Allotted, called up and fully paid:
710 Ordinary shares of £1 each
710
710
During the year, the director's current account of A J Hartwell was credited with capital introduced of £NIL
(2025: £36,836) and debited with drawings of £62,060 (2025: £63,964). The balance owed by A Hartwell at 31
August 2026 was £157,946 (2025: £95,886).
10
Transactions with related parties
At the year-end, included within other debtors are amounts of:
£NIL (2025: £5,569) due from Creating Impakt Limited, a business in which A J Hartwell has an interest.
£108,752 (2025: £107,534) due from The Jointworks Limited, a business in which A J Hartwell has an interest.
£110,053 (2025: £110,053) due from Nestings JQ Limited, a business in which A J Hartwell has an interest.
At the year-end, included within other creditors are amounts of:
£65,446 (2025: £40,243) due to Substrakt Canada Limited, a business in which the directors have an interest.
All of the above balances are interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 32 (2025: 34).