REGISTERED NUMBER: 06564203 (England and Wales)

RAIL MAINTENANCE SERVICES LIMITED

Unaudited Financial Statements

for the Year Ended 30 September 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M C Gardner

T J Dummer

SECRETARY:

T J Dummer

REGISTERED OFFICE:

Unit 27 Albion Industrial Estate

Pontypridd

Rhondda Cynon Taff

CF37 4NX

REGISTERED NUMBER:

06564203 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales & West Limited

Accountants & Business Advisors

Suite 2d,

Building 1 Eastern Business Park

St Mellons

Cardiff

CF3 5EA

FIXED ASSETS

Tangible assets

4

46,607

18,920

CURRENT ASSETS

Debtors

5

181,840

147,931

Cash at bank

102,468

-

284,308

147,931

CREDITORS

Amounts falling due within one year

6

131,101

59,242

NET CURRENT ASSETS

153,207

88,689

TOTAL ASSETS LESS CURRENT LIABILITIES

199,814

107,609

CREDITORS

Amounts falling due after more than one year

7

(12,331

)

(21,505

)

PROVISIONS FOR LIABILITIES

(11,651

)

(4,536

)

NET ASSETS

175,832

81,568

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

174,832

80,568

175,832

81,568

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.

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 19 September 2025 and were signed on its behalf by:

M C Gardner - Director

1.	STATUTORY INFORMATION

Rail Maintenance 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2023

775

81,685

4,836

87,296

Additions

-

45,195

699

45,894

Disposals

-

(29,320

)

-

(29,320

)

At 30 September 2024

775

97,560

5,535

103,870

DEPRECIATION

At 1 October 2023

-

66,329

2,047

68,376

Charge for year

194

4,428

872

5,494

Eliminated on disposal

-

(16,607

)

-

(16,607

)

At 30 September 2024

194

54,150

2,919

57,263

NET BOOK VALUE

At 30 September 2024

581

43,410

2,616

46,607

At 30 September 2023

775

15,356

2,789

18,920

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

173,320

120,307

Other debtors

8,520

27,624

181,840

147,931

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

6,726

15,807

Hire purchase contracts

-

1,068

Trade creditors

16,304

24,832

Taxation and social security

(37,902

)

5,639

Other creditors

145,973

11,896

131,101

59,242

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

12,331

21,505

8.	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

£

£

T J Dummer and M C Gardner

Balance outstanding at start of year

20,696

49,404

Amounts advanced

173,491

114,706

Amounts repaid

(196,184

)

(143,414

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,997

)

20,696