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REGISTERED NUMBER: 04454129 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

FOR

PERMARAIL LIMITED

PERMARAIL LIMITED (REGISTERED NUMBER: 04454129)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PERMARAIL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024







DIRECTORS: L G Nel
P D Moses
J V Dowsett





REGISTERED OFFICE: 4th Floor 45 London Road
Reigate
Surrey
RH2 9PY





REGISTERED NUMBER: 04454129 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

PERMARAIL LIMITED (REGISTERED NUMBER: 04454129)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,439 30,099

CURRENT ASSETS
Stocks 51,587 76,315
Debtors 5 71,565 23,570
Cash at bank 79,482 215,330
202,634 315,215
CREDITORS
Amounts falling due within one year 6 125,184 111,850
NET CURRENT ASSETS 77,450 203,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,889

233,464

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,789 233,364
SHAREHOLDERS' FUNDS 96,889 233,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





P D Moses - Director


PERMARAIL LIMITED (REGISTERED NUMBER: 04454129)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Permarail 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 March 2024 70,960
DEPRECIATION
At 1 November 2022 40,861
Charge for period 10,660
At 31 March 2024 51,521
NET BOOK VALUE
At 31 March 2024 19,439
At 31 October 2022 30,099

PERMARAIL LIMITED (REGISTERED NUMBER: 04454129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 19,813 13,012
Amounts owed by group undertakings 50,000 -
Other debtors 1,752 10,558
71,565 23,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 56 1,108
Trade creditors 81,529 39,115
Amounts owed to group undertakings - 45,760
Taxation and social security 40,099 23,647
Other creditors 3,500 2,220
125,184 111,850

7. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking and controlling party is Navitas Engineering Group Ltd which owns 100% of the share capital in Permarail Ltd and thereby exerts control over the company.

The address of the immediate parent is 45 London Road, Reigate Surrey, England RH2 9PY.

Topham Investco Limited is the largest undertaking for which group financial statements are drawn up. The consolidated financial statements for Topham Investco Limited can be obtained from 110 Wigmore Street, London, England, W1U 3RW.