16 17 PBH Rail Limited 04884183 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of engineering consultancy to the rail industry. Digita Accounts Production Advanced 6.30.9574.0 true 04884183 2023-10-01 2024-09-30 04884183 2024-09-30 04884183 core:CurrentFinancialInstruments 2024-09-30 04884183 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04884183 core:WithinOneYear 2024-09-30 04884183 core:FurnitureFittingsToolsEquipment 2024-09-30 04884183 core:MotorVehicles 2024-09-30 04884183 1 2024-09-30 04884183 bus:SmallEntities 2023-10-01 2024-09-30 04884183 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04884183 bus:FilletedAccounts 2023-10-01 2024-09-30 04884183 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04884183 bus:RegisteredOffice 2023-10-01 2024-09-30 04884183 bus:Director1 2023-10-01 2024-09-30 04884183 bus:Director2 2023-10-01 2024-09-30 04884183 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04884183 bus:Agent1 2023-10-01 2024-09-30 04884183 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 04884183 core:MotorVehicles 2023-10-01 2024-09-30 04884183 core:PlantMachinery 2023-10-01 2024-09-30 04884183 countries:England 2023-10-01 2024-09-30 04884183 1 2023-10-01 2024-09-30 04884183 2023-09-30 04884183 core:FurnitureFittingsToolsEquipment 2023-09-30 04884183 core:MotorVehicles 2023-09-30 04884183 1 2023-09-30 04884183 2022-10-01 2023-09-30 04884183 2023-09-30 04884183 core:CurrentFinancialInstruments 2023-09-30 04884183 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 04884183 core:WithinOneYear 2023-09-30 04884183 core:FurnitureFittingsToolsEquipment 2023-09-30 04884183 core:MotorVehicles 2023-09-30 04884183 1 2023-09-30 04884183 1 2022-10-01 2023-09-30 04884183 1 2022-09-30 xbrli:pure iso4217:GBP

Registration number: 04884183

PBH Rail Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

PBH Rail Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

PBH Rail Limited

Company Information

Directors

Mr MA Bonner

Mr C A Becker

Registered office

The Old Coach House 4a
Custance Walk
York
North Yorkshire
YO23 1BX

Accountants

DAH Accountancy Services Limited
Chartered Management AccountantsCedar Lodge
York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PH

 

PBH Rail Limited

(Registration number: 04884183)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

61,729

30,024

Current assets

 

Debtors

5

1,951,833

2,534,004

Cash at bank and in hand

 

902,514

1,156,368

 

2,854,347

3,690,372

Creditors: Amounts falling due within one year

6

(846,796)

(1,007,905)

Net current assets

 

2,007,551

2,682,467

Net assets

 

2,069,280

2,712,491

Capital and reserves

 

Called up share capital

100

100

Capital redemption reserve

26

26

Retained earnings

2,069,154

2,712,365

Shareholders' funds

 

2,069,280

2,712,491

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 April 2025 and signed on its behalf by:
 

.........................................
Mr MA Bonner
Director

 

PBH Rail Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old Coach House 4a
Custance Walk
York
North Yorkshire
YO23 1BX

These financial statements were authorised for issue by the Board on 16 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

PBH Rail Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Survey equipment

25% on cost

Fixtures, fittings and equipment

25% on cost

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

PBH Rail Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2023 - 17).

 

PBH Rail Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

905,395

23,102

928,497

Additions

60,027

-

60,027

At 30 September 2024

965,422

23,102

988,524

Depreciation

At 1 October 2023

881,663

16,810

898,473

Charge for the year

26,748

1,574

28,322

At 30 September 2024

908,411

18,384

926,795

Carrying amount

At 30 September 2024

57,011

4,718

61,729

At 30 September 2023

23,732

6,292

30,024

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

1,112,094

875,118

Amounts owed by related parties

8

760,066

331,005

Prepayments

 

69,046

114,246

Other debtors

 

10,627

1,213,635

   

1,951,833

2,534,004

 

PBH Rail Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

107,410

136,909

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

523,943

442,887

Taxation and social security

 

203,024

401,812

Accruals and deferred income

 

4,726

5,093

Other creditors

 

7,693

21,204

 

846,796

1,007,905

7

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

40,364

49,583

The amount of non-cancellable operating lease payments recognised as an expense during the year was £9,219 (2023 - £8,438).

8

Related party transactions

Advances or credits have been granted by the company to its directors during the year. Interest has been charged on the loans at the rate of 2.5% per annum.

Transactions with directors

2024

At 1 October 2023
£

Repayments by director
£

At 30 September 2024
£

Director loan accounts

1,176,972

(1,176,972)

-

 

2023

At 1 October 2022
£

Advances to director
£

At 30 September 2023
£

Director loan accounts

406,000

770,972

1,176,972

 

 

PBH Rail Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

4,549

-