Company Registration No. 14445558 (England and Wales)
Trax Media Limited
Unaudited accounts
for the period from 1 November 2024 to 29 October 2025
Trax Media Limited
Unaudited accounts
Contents
Trax Media Limited
Company Information
for the period from 1 November 2024 to 29 October 2025
Directors
Mr O Francis
Mr T Stuart
Mr H Wilson
Company Number
14445558 (England and Wales)
Registered Office
3 Bride Court
Suite 120
London
EC4Y 8DU
England
Accountants
Collective Concepts Accounting Ltd
Trax Media Limited
Statement of financial position
as at 29 October 2025
Intangible assets
5,412
113,690
Cash at bank and in hand
596
18,188
Creditors: amounts falling due within one year
(38,940)
(202,499)
Net current liabilities
(34,982)
(101,205)
Total assets less current liabilities
(29,570)
23,517
Creditors: amounts falling due after more than one year
(58,791)
(58,791)
Net liabilities
(88,361)
(35,274)
Called up share capital
100
100
Share premium
249,996
249,996
Profit and loss account
(338,457)
(285,433)
Shareholders' funds
(88,361)
(35,274)
For the period ending 29 October 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 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 29 October 2026 and were signed on its behalf by
Mr H Wilson
Director
Company Registration No. 14445558
Trax Media Limited
Notes to the Accounts
for the period from 1 November 2024 to 29 October 2025
Trax Media Limited is a private company, limited by shares, registered in England and Wales, registration number 14445558. The registered office is 3 Bride Court, Suite 120, London, EC4Y 8DU, England.
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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 period, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the balance sheet date.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
Digital Assets - 10 years
Trax Media Limited
Notes to the Accounts
for the period from 1 November 2024 to 29 October 2025
Tangible fixed assets and depreciation
Impairment of fixed assets and goodwill Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
Plant & machinery
25% Straight Line
Computer equipment
33% Straight Line
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Trax Media Limited
Notes to the Accounts
for the period from 1 November 2024 to 29 October 2025
Judgments in applying accounting policies 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.
Intangible assets are carried at fair value less cost to sell, which requires judgement as to the fair value of the intangible asset. Reference to publicly available market data is used to determine the fair value of each class of intangible asset.
The financial statement have been prepared on a going concern basis on the grounds that the Directors have confirmed they will continue to support the company.
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Intangible fixed assets
Other
At 1 November 2024
138,571
At 31 October 2024
113,690
Trax Media Limited
Notes to the Accounts
for the period from 1 November 2024 to 29 October 2025
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2024
4,773
17,225
21,998
Disposals
(4,773)
(17,225)
(21,998)
At 1 November 2024
1,652
9,314
10,966
Charge for the period
1,094
5,211
6,305
On disposals
(2,746)
(14,525)
(17,271)
At 31 October 2024
3,121
7,911
11,032
Amounts falling due within one year
Accrued income and prepayments
-
9,099
Other debtors
3,362
74,007
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,398
-
Taxes and social security
1,088
8,461
Other creditors
4,246
3,552
Loans from directors
26,438
1,330
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
58,791
58,791
9
Average number of employees
During the period the average number of employees was 4 (2024: 4).