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REGISTERED NUMBER: 04625880 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 FEBRUARY 2023 TO 31 MARCH 2024

FOR

ALMA RAIL LIMITED

ALMA RAIL LIMITED (REGISTERED NUMBER: 04625880)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALMA RAIL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 MARCH 2024







DIRECTORS: Richard Philip Walker
Shane Greenfield
Sameer Rizvi
Ian Clark





REGISTERED OFFICE: Unit 1 Coney Green Business Centre
Wingfield View
Clay Cross
Chesterfield
S45 9JW





REGISTERED NUMBER: 04625880 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

ALMA RAIL LIMITED (REGISTERED NUMBER: 04625880)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,623 112,380

CURRENT ASSETS
Stocks 38,000 84,800
Debtors 5 2,409,382 2,691,862
Cash at bank 245,290 193,282
2,692,672 2,969,944
CREDITORS
Amounts falling due within one year 6 613,652 682,548
NET CURRENT ASSETS 2,079,020 2,287,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,178,643

2,399,776

CREDITORS
Amounts falling due after more than
one year

7

-

(953,061

)

PROVISIONS FOR LIABILITIES (24,906 ) (21,352 )
NET ASSETS 2,153,737 1,425,363

CAPITAL AND RESERVES
Called up share capital 70 70
Capital redemption reserve 30 30
Profit and loss account 2,153,637 1,425,263
2,153,737 1,425,363

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.

ALMA RAIL LIMITED (REGISTERED NUMBER: 04625880)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and loss account has not been delivered.

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





Richard Philip Walker - Director


ALMA RAIL LIMITED (REGISTERED NUMBER: 04625880)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Alma Rail 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
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


ALMA RAIL LIMITED (REGISTERED NUMBER: 04625880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

FINANCE COST OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 360,132 28,152 99,591 487,875
Additions 20,473 - - 20,473
At 31 March 2024 380,605 28,152 99,591 508,348
DEPRECIATION
At 1 February 2023 306,193 19,545 49,757 375,495
Charge for period 18,611 2,159 12,460 33,230
At 31 March 2024 324,804 21,704 62,217 408,725
NET BOOK VALUE
At 31 March 2024 55,801 6,448 37,374 99,623
At 31 January 2023 53,939 8,607 49,834 112,380

ALMA RAIL LIMITED (REGISTERED NUMBER: 04625880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 719,579 559,637
Other debtors 1,689,803 2,132,225
2,409,382 2,691,862

At 31st March 2024 the company was owed £1,675,495 (2023: £2,114,835) from Alma Rail Holdings Ltd. The loan is interest free and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) - 295,826
Trade creditors 174,605 204,638
Taxation and social security 338,620 164,619
Other creditors 100,427 17,465
613,652 682,548

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) - 953,061

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 295,826

Amounts falling due between two and five years:
Bank loans - 2-5 years - 953,061

9. PENSION COSTS

The company operates a defined contribution pension scheme.The assets of the pension scheme are held separately from those of the company in an independently administrated fund. The pension costs represents contributions payable by the company to the fund and amounted to £2,652 (2023:£1,898). Contributions totalling £nil (2023:£nil) were payable to the fund at the end of the year and are included in creditors.