STADLER RAIL SERVICE UK LIMITED

Company Registration Number:
09894948 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

STADLER RAIL SERVICE UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

STADLER RAIL SERVICE UK LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

Maintenance services and repairs of rolling stock.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Raphael Herbert Niklaus Widmer
Daniel Adrian Baer
Paul Anthony Patrick
Iain Jardine


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 July 2025

And signed on behalf of the board by:
Name: Iain Jardine
Status: Director

STADLER RAIL SERVICE UK LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 66,416,996 71,095,499
Cost of sales: ( 57,324,976 ) ( 63,632,023 )
Gross profit(or loss): 9,092,020 7,463,476
Administrative expenses: ( 11,930,592 ) ( 9,861,638 )
Operating profit(or loss): (2,838,572) (2,398,162)
Interest receivable and similar income: 685,078 1,756,660
Interest payable and similar charges: ( 777,150 ) ( 1,463,818 )
Profit(or loss) before tax: (2,930,644) (2,105,320)
Tax: ( 170,777 ) 659,251
Profit(or loss) for the financial year: (3,101,421) (1,446,069)

STADLER RAIL SERVICE UK LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 0 2,729
Tangible assets: 4 6,679,999 6,289,349
Total fixed assets: 6,679,999 6,292,078
Current assets
Stocks: 5 16,135,533 12,659,635
Debtors: 6 40,453,292 23,612,638
Cash at bank and in hand: 4,144,913 15,186,170
Total current assets: 60,733,738 51,458,443
Creditors: amounts falling due within one year: 7 ( 68,666,566 ) ( 17,146,592 )
Net current assets (liabilities): (7,932,828) 34,311,851
Total assets less current liabilities: (1,252,829) 40,603,929
Creditors: amounts falling due after more than one year: 8 ( 1,426,370 ) ( 43,018,454 )
Provision for liabilities: ( 3,329,849 ) ( 631,393 )
Accruals and deferred income: ( 1,298,125 ) ( 2,709,282 )
Total net assets (liabilities): (7,307,173) (5,755,200)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (7,307,174 ) (5,755,201 )
Total Shareholders' funds: ( 7,307,173 ) (5,755,200)

The notes form part of these financial statements

STADLER RAIL SERVICE UK LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 16 July 2025
and signed on behalf of the board by:

Name: Iain Jardine
Status: Director

The notes form part of these financial statements

STADLER RAIL SERVICE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is earned when services are provided to the customer and comprises contractual maintenance revenue, construction revenue and ancillary services. The Company attributes each of these to be separate contracts and has disaggregated contracts with customers into these respective services. Maintenance revenue represents agreed amounts for these services from contractual agreements with customers. Maintenance revenue is recognised on a stage of completion basis in relation to the proportion of total costs incurred out of the contracted costs over the life of the contract. Construction revenue relates to staged payments for the construction of maintenance depots in Liverpool and Newcastle. Revenue from construction contracts is recognised on a stage of completion basis in relation to the proportion of total costs incurred out of the contracted costs over the life of the contract. Mobilisation fees have been charged for the start up support of the contracts. Mobilisation fees are recognised on a stage of completion basis in line with the maintenance and ancillary services these relate to. Revenue from ancillary services is recognised at the point the related service is completed as this is the point at which the Company considers the revenue to be probable and reliably measurable.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method.

    Intangible fixed assets amortisation policy

    After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

    Other accounting policies

    See note 2

STADLER RAIL SERVICE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 451 420

STADLER RAIL SERVICE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2024 0 211,709 211,709
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 0 211,709 211,709
Amortisation
At 1 January 2024 0 208,980 208,980
Charge for year 2,729 2,729
On disposals
Other adjustments
At 31 December 2024 0 211,709 211,709
Net book value
At 31 December 2024 0 0 0
At 31 December 2023 0 2,729 2,729

STADLER RAIL SERVICE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 10,569,025 10,569,025
Additions 1,089,918 1,089,918
Disposals
Revaluations
Transfers
At 31 December 2024 11,658,943 11,658,943
Depreciation
At 1 January 2024 4,279,676 4,279,676
Charge for year 699,268 699,268
On disposals
Other adjustments
At 31 December 2024 4,978,944 4,978,944
Net book value
At 31 December 2024 6,679,999 6,679,999
At 31 December 2023 6,289,349 6,289,349

STADLER RAIL SERVICE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Stocks

2024 2023
£ £
Stocks 16,135,533 12,659,635
Total 16,135,533 12,659,635

STADLER RAIL SERVICE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Debtors

2024 2023
£ £
Trade debtors 40,453,292 23,612,638
Total 40,453,292 23,612,638

STADLER RAIL SERVICE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 68,666,566 17,146,592
Total 68,666,566 17,146,592

STADLER RAIL SERVICE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 1,426,370 43,018,454
Total 1,426,370 43,018,454