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Registration number: 04136614

Trainload Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Trainload Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Trainload Limited

Company Information

Directors

J Dear

AR Dear

Company secretary

AR Dear

Registered office

Trainload Limited
Stephenson House
Humber Road
Barton-Upon-Humber
South Humberside
DN18 5BN

 

Trainload Limited

(Registration number: 04136614)
Balance Sheet as at 31 December 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Intangible assets

4

2,173

3,215

Tangible assets

5

511,334

494,283

 

513,507

497,498

Current assets

 

Stocks

11,115

12,161

Debtors

6

124,294

72,244

Cash at bank and in hand

 

147,122

93,026

 

282,531

177,431

Creditors: Amounts falling due within one year

7

(130,099)

(63,534)

Net current assets

 

152,432

113,897

Total assets less current liabilities

 

665,939

611,395

Creditors: Amounts falling due after more than one year

7

(117,778)

(138,817)

Provisions for liabilities

(38,505)

(36,037)

Net assets

 

509,656

436,541

Capital and reserves

 

Called up share capital

104

104

Share premium reserve

4,664

4,664

Retained earnings

504,888

431,773

Shareholders' funds

 

509,656

436,541

For the financial year ending 31 December 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Trainload Limited

(Registration number: 04136614)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 4 June 2025 and signed on its behalf by:
 

.........................................
J Dear
Director

 

Trainload Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
Trainload Limited
Stephenson House
Humber Road
Barton-Upon-Humber
South Humberside
DN18 5BN

These financial statements were authorised for issue by the Board on 4 June 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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

The financial statements cover the individual entity, Trainload Limited.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Trainload Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Government grants

Government grants are recognised as necessary to match the related costs, for which they are intended to compensate, on a systematic basis.

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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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 assets

Tangible assets are stated in the statement of financial position 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

Office equipment

25% on straight line

Motor vehicles

25% on straight line

Plant and equipment

25% on straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

Trainload Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on straight line

Trademark

10% on straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

 

Trainload Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 11 (2023 - 11).

 

Trainload Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Goodwill
 £

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 January 2024

18,497

425

18,922

At 31 December 2024

18,497

425

18,922

Amortisation

At 1 January 2024

15,497

210

15,707

Amortisation charge

1,000

42

1,042

At 31 December 2024

16,497

252

16,749

Carrying amount

At 31 December 2024

2,000

173

2,173

At 31 December 2023

3,000

215

3,215

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

411,853

243,543

21,610

677,006

Additions

-

49,179

-

49,179

At 31 December 2024

411,853

292,722

21,610

726,185

Depreciation

At 1 January 2024

-

163,336

19,387

182,723

Charge for the year

-

29,905

2,223

32,128

At 31 December 2024

-

193,241

21,610

214,851

Carrying amount

At 31 December 2024

411,853

99,481

-

511,334

At 31 December 2023

411,853

80,207

2,223

494,283

 

Trainload Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Included within the net book value of land and buildings above is £411,853 (2023 - £411,853) in respect of long leasehold land and buildings.
 

6

Debtors

Current

2024
£

2023
£

Trade debtors

122,097

68,655

Other debtors

2,197

3,589

 

124,294

72,244

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

25,323

29,139

Trade creditors

24,135

7,070

Taxation and social security

60,670

18,069

Accruals and deferred income

3,582

3,250

Other creditors

16,389

6,006

130,099

63,534

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Loans and borrowings

117,778

138,817

8

Related party transactions

The below advance had no fixed repayment date, was unsecured and interest was not charged.

Transactions with Directors

 

Trainload Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2024

At 1 January 2024
£

Advances to Director
£

Repayments by Director
£

At 31 December 2024
£

J Dear

1,337

3,373

(4,710)

-

2023

At 1 January 2023
£

Advances to Director
£

Repayments by Director
£

At 31 December 2023
£

J Dear

323

2,826

(1,812)

1,337