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Company No: 07871983 (England and Wales)

HODGE RAIL LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

HODGE RAIL LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

HODGE RAIL LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
HODGE RAIL LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTORS Louise Clarke
James Matthew Hodge
REGISTERED OFFICE 25 Whitehouse Gardens
York
YO24 1DZ
United Kingdom
COMPANY NUMBER 07871983 (England and Wales)
ACCOUNTANT Jones & Co Ltd
Wellington House
Aviator Court
Clifton Moor
York
YO30 4UZ
England
HODGE RAIL LIMITED

BALANCE SHEET

As at 31 March 2025
HODGE RAIL LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 14,327 2,200
14,327 2,200
Current assets
Cash at bank and in hand 4 11,533 78,812
11,533 78,812
Creditors: amounts falling due within one year 5 ( 15,763) ( 15,331)
Net current (liabilities)/assets (4,230) 63,481
Total assets less current liabilities 10,097 65,681
Provision for liabilities 6, 7 ( 2,722) ( 418)
Net assets 7,375 65,263
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 7,275 65,163
Total shareholders' funds 7,375 65,263

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hodge Rail Limited (registered number: 07871983) were approved and authorised for issue by the Board of Directors on 08 April 2025. They were signed on its behalf by:

James Matthew Hodge
Director
HODGE RAIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
HODGE RAIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hodge Rail Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 25 Whitehouse Gardens, York, YO24 1DZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 3

3. Tangible assets

Plant and machinery Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 April 2024 0 3,869 13,035 16,904
Additions 13,800 0 1,867 15,667
At 31 March 2025 13,800 3,869 14,902 32,571
Accumulated depreciation
At 01 April 2024 0 2,731 11,973 14,704
Charge for the financial year 2,300 284 956 3,540
At 31 March 2025 2,300 3,015 12,929 18,244
Net book value
At 31 March 2025 11,500 854 1,973 14,327
At 31 March 2024 0 1,138 1,062 2,200

4. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 11,533 78,812

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 860 250
Other taxation and social security 8,772 7,549
Other creditors 6,131 7,532
15,763 15,331

6. Provision for liabilities

2025 2024
£ £
Deferred tax 2,722 418

7. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 418) ( 657)
(Charged)/credited to the Statement of Income and Retained Earnings ( 2,304) 239
At the end of financial year ( 2,722) ( 418)

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
80 Ordinary A shares of £ 1.00 each (2024: nil shares) 80 0
20 Ordinary B shares of £ 1.00 each (2024: nil shares) 20 0
Nil Ordinary shares (2024: 100 shares of £ 1.00 each) 0 100
100 100