REGISTERED NUMBER: 02098895 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TRACTION POWER (SPARES) LTD

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

6

DIRECTORS:

Mr J S Lewis

Mrs M Lewis

SECRETARY:

Mr J S Lewis

REGISTERED OFFICE:

54 Park Road

Stretford

Manchester

Lancashire

M32 8DQ

BUSINESS ADDRESS:

111 Moss Road

Stretford

Manchester

Greater Manchester

M32 0AZ

REGISTERED NUMBER:

02098895 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

BANKERS:

The Royal Bank of Scotland plc

2 Crofts Bank Road

Urmston

Manchester

Greater Manchester

M41 0TU

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of suppliers of spare parts for electric fork lift trucks.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 April 2024 to the date of this report.

The beneficial interests of the directors holding office at 31 March 2025 in the shares of the company, according to the register of directors' interests, were as follows:

31.3.25

1.4.24

Ordinary shares of £1 each

Mr J S Lewis

80

80

Mrs M Lewis

10

10

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr J S Lewis - Director

20 November 2025

FIXED ASSETS

Tangible assets

4

6,337

510

CURRENT ASSETS

Stocks

48,969

62,991

Debtors

5

66,309

45,186

Cash at bank and in hand

1,833

11,699

117,111

119,876

CREDITORS

Amounts falling due within one year

6

(68,189

)

(57,931

)

NET CURRENT ASSETS

48,922

61,945

TOTAL ASSETS LESS CURRENT LIABILITIES

55,259

62,455

CREDITORS

Amounts falling due after more than one year

7

(2,500

)

(12,500

)

PROVISIONS FOR LIABILITIES

(1,204

)

(97

)

NET ASSETS

51,555

49,858

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

51,455

49,758

SHAREHOLDERS' FUNDS

51,555

49,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

Mr J S Lewis - Director

1.	STATUTORY INFORMATION

Traction Power (Spares) Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Office

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

-

16,657

5,806

22,463

Additions

7,331

-

699

8,030

At 31 March 2025

7,331

16,657

6,505

30,493

DEPRECIATION

At 1 April 2024

-

16,657

5,296

21,953

Charge for year

1,833

-

370

2,203

At 31 March 2025

1,833

16,657

5,666

24,156

NET BOOK VALUE

At 31 March 2025

5,498

-

839

6,337

At 31 March 2024

-

-

510

510

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

50,069

34,043

Other debtors

16,240

11,143

66,309

45,186

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

49,127

32,927

Taxation and social security

1,930

8,985

Other creditors

7,132

6,019

68,189

57,931

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,500

12,500

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J S Lewis.