Jeep Rail Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09455611

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		228,093		239,108

			228,093		239,108
CURRENT ASSETS
Stocks		40,000		40,000
Debtors	5	1,425,222		733,350
Cash at bank and in hand		57,558		24,442

		1,522,780		797,792
Creditors: Amounts Falling Due Within One Year	6	(1,420,164 )		(757,806 )

NET CURRENT ASSETS (LIABILITIES)			102,616		39,986

TOTAL ASSETS LESS CURRENT LIABILITIES			330,709		279,094

Creditors: Amounts Falling Due After More Than One Year	7		(323,205 )		(271,169 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,209 )		(4,655 )

NET ASSETS			2,295		3,270

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			1,295		2,270

SHAREHOLDERS' FUNDS			2,295		3,270

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Jeep Rail Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D T Jump

Director

8 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Jeep Rail Limited is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting Policies

2.1. Basis of Preparation of 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.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policy adopted for the recognition of turnover is as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date the service is provided.

Interest receivable

Interest income is recognised using the effective interest method.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	33.3% straight line

2.4. Stocks and Work in Progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

2.5. 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.

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Jeep Rail Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.6. Pensions

The company operates a defined contribution pension scheme. Contributions payable are charged to the company's pension scheme as they are charged to profit or loss in the period to which they are relate.

2.7. Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.8. Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2.9. Hire purchase and leasing commitments

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 10)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 March 2024	370,658
Additions	58,530

As at 28 February 2025	429,188

Depreciation
As at 1 March 2024	131,550
Provided during the period	69,545

As at 28 February 2025	201,095

Net Book Value
As at 28 February 2025	228,093

As at 1 March 2024	239,108

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	46,824	-
Motor Vehicles	124,522	166,029

	171,346	166,029

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Jeep Rail Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	954,621	262,012
Prepayments and accrued income	5,750	6,758
Other debtors	-	1,760
Directors' loan accounts	68,427	66,922
Amounts owed by group undertakings	371,996	371,978

	1,400,794	709,430
Due after more than one year
Corporation tax recoverable assets	24,428	23,920

	1,425,222	733,350

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	41,805	27,174
Trade creditors	224,494	147,056
Bank loans and overdrafts	167,716	63,691
Other loans	71,642	87,520
Corporation tax	75,578	93,582
Other taxes and social security	9,360	5,663
VAT	103,063	66,918
Other creditors	642,228	187,914
Accruals and deferred income	84,278	78,288

	1,420,164	757,806

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	161,264	153,075
Bank loans	161,941	118,094

	323,205	271,169

8. Secured Creditors

The following secured debts are included within creditors:

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	203,069		180,249

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Jeep Rail Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	41,805	27,174
Later than one year and not later than five years	161,264	153,075

	203,069	180,249

	203,069	180,249

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1,000 Ordinary Shares of £ 1.00 each	1,000	1,000

11. Other Commitments

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £6,750 (2024: £46,075).

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 March 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2025
	£	£	£	£	£
Mr Dean Jump	3,952	89	-	-	4,041
Mr Jonathan Cutler	62,970	1,416	-	-	64,386

Interest of 2.25% (2024 2.25%) has been levied on the advances to the directors. The balances are repayable on demand.

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