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Securerail Limited

Registered Number
03152204
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

Securerail Limited
Company Information
for the year from 1 March 2024 to 28 February 2025

Directors

M.A. Hutton
C.W. Vincent

Company Secretary

M.A. Hutton

Registered Address

Unit 16 Swordfish Way
Sherburn In Elmet
Leeds
LS25 6NG

Registered Number

03152204 (England and Wales)
Securerail Limited
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets3314,534653,594
314,534653,594
Current assets
Stocks421,44317,889
Debtors541,43655,009
Cash at bank and on hand109,3784
172,25772,902
Creditors amounts falling due within one year6(161,218)(313,872)
Net current assets (liabilities)11,039(240,970)
Total assets less current liabilities325,573412,624
Creditors amounts falling due after one year7-(166,322)
Net assets325,573246,302
Capital and reserves
Called up share capital150150
Share premium26,47526,475
Revaluation reserve121,001121,001
Profit and loss account177,94798,676
Shareholders' funds325,573246,302
The financial statements were approved and authorised for issue by the Board of Directors on 27 June 2025, and are signed on its behalf by:
C.W. Vincent
Director
M.A. Hutton
Director

Registered Company No. 03152204
Securerail Limited
Notes to the Financial Statements
for the year ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings5-
Plant and machinery-10
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20252024
Average number of employees during the year33
3.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 01 March 24307,659631,172938,831
Disposals-(338,224)(338,224)
At 28 February 25307,659292,948600,607
Depreciation and impairment
At 01 March 2420,563264,674285,237
Charge for year-5,6455,645
On disposals-(4,809)(4,809)
At 28 February 2520,563265,510286,073
Net book value
At 28 February 25287,09627,438314,534
At 29 February 24287,096366,498653,594
4.Stocks

2025

2024

££
Work in progress21,44317,889
Total21,44317,889
5.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables33,69245,361
Other debtors5483,818
Prepayments and accrued income7,1965,830
Total41,43655,009
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables19,39826,150
Bank borrowings and overdrafts120,000278,461
Taxation and social security18,544-
Accrued liabilities and deferred income3,2769,261
Total161,218313,872
7.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts-166,322
Total-166,322