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REGISTERED NUMBER: 05681919 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

RTG Rail Services Limited

RTG Rail Services Limited (Registered number: 05681919)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RTG Rail Services Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr D S Murrell
Mr W L Tilley
Mr R Fage
Mr G Naessens





REGISTERED OFFICE: Unit 10 Ilford Trading Estate
Paycocke Road
Basildon
Essex
SS14 3DR





REGISTERED NUMBER: 05681919 (England and Wales)





ACCOUNTANTS: DANIEL JAMES
UNIT L
RADFORD BUSINESS CENTRE
RADFORD WAY
BILLERICAY
Essex
CM12 0BZ

RTG Rail Services Limited (Registered number: 05681919)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 144,803 138,258

CURRENT ASSETS
Debtors 5 2,698,037 2,002,633
Cash at bank and in hand 120,428 789,253
2,818,465 2,791,886
CREDITORS
Amounts falling due within one year 6 621,964 725,517
NET CURRENT ASSETS 2,196,501 2,066,369
TOTAL ASSETS LESS CURRENT LIABILITIES 2,341,304 2,204,627

CREDITORS
Amounts falling due after more than one year 7 - (26,990 )

PROVISIONS FOR LIABILITIES - (8,533 )
NET ASSETS 2,341,304 2,169,104

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 2,341,202 2,169,002
SHAREHOLDERS' FUNDS 2,341,304 2,169,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

RTG Rail Services Limited (Registered number: 05681919)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:




Mr D S Murrell - Director



Mr W L Tilley - Director


RTG Rail Services Limited (Registered number: 05681919)

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

1. STATUTORY INFORMATION

RTG Rail Services 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a lease, over the lease term.

Plant and machinery 25% and 33% straight line
Motor vehicles 25% reducing balance
Computer equipment 25% straight line
Fixture and fittings 25% reducing balance
Property improvements 30% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

RTG Rail Services Limited (Registered number: 05681919)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 50 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 547,186
Additions 75,867
At 30 September 2024 623,053
DEPRECIATION
At 1 October 2023 408,928
Charge for year 69,322
At 30 September 2024 478,250
NET BOOK VALUE
At 30 September 2024 144,803
At 30 September 2023 138,258

RTG Rail Services Limited (Registered number: 05681919)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 188,955
DEPRECIATION
At 1 October 2023 119,107
Charge for year 17,462
At 30 September 2024 136,569
NET BOOK VALUE
At 30 September 2024 52,386
At 30 September 2023 69,848

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 724,553 572,694
Amounts owed by participating interests 1,534,776 1,015,410
Amounts recoverable on contract 282,787 250,877
Other debtors 155,921 163,652
2,698,037 2,002,633

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) 25,102 38,867
Trade creditors 160,775 141,853
Taxation and social security 284,067 385,042
Other creditors 152,020 159,755
621,964 725,517

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) - 26,990

RTG Rail Services Limited (Registered number: 05681919)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 25,102 38,867
Between one and five years - 26,990
25,102 65,857

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 89,401 72,215
Between one and five years 76,863 51,666
166,264 123,881

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 25,102 65,857

The Company's factoring debt is secured by way of a floating charge registered with companies house, secured against all property or undertakings of the company.

Hire purchase liabilities are secured by the related assets held under its own agreement

RTG Rail Services Limited (Registered number: 05681919)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr D S Murrell
Balance outstanding at start of year 6,596 6,596
Amounts advanced 140 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,736 6,596

Mr G Naessens
Balance outstanding at start of year 68,589 72,852
Amounts advanced 1,563 1,425
Amounts repaid (5,688 ) (5,688 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64,464 68,589

Mr W L Tilley
Balance outstanding at start of year 14,726 14,386
Amounts advanced 1,461 340
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,187 14,726

The loan agreement between director Mr G Naessens and RTG Rail Services Limited was entered into prior to Mr G Naessens becoming a shareholder in July 2020.

11. RELATED PARTY DISCLOSURES

During the year RTG Rail Services Limited loaned Citymain Corporate Limited £644,677 for an investment purchase.

Balance at beginning of year 917,580
Loan in year 132,388
Loan c/fwd 1,049,968

Citymain Corporate Limited is associated with directors of RTG Rail Services Limited.

12. ULTIMATE PARENT COMPANY

RTG Group (UK) Limited (incorporated in England & Wales) is the company's ultimate parent company.