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REGISTERED NUMBER: 02726715 (England and Wales)















Air Brake Connections Ltd

Unaudited Financial Statements for the Year Ended 30 September 2024





Air Brake Connections Ltd (Registered number: 02726715)






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


Air Brake Connections Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S Batcheldor
R Batcheldor
K J Batcheldor
G R Chalkley





SECRETARY: G R Chalkley





REGISTERED OFFICE: Unit 5
May Avenue Industrial Estate
Northfleet
Gravesend
DA11 8RU





REGISTERED NUMBER: 02726715 (England and Wales)





ACCOUNTANTS: The Randall's Partnership Ltd
Chartered Accountants
Blue House Farm Office
Brentwood Road
West Horndon
Essex
CM13 3LX
Page 1
Air Brake Connections Ltd (Registered number: 02726715)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 315,096 314,416

CURRENT ASSETS
Stocks 336,941 417,582
Debtors 5 623,593 740,322
Cash at bank and in hand 1,288,672 986,837
2,249,206 2,144,741
CREDITORS
Amounts falling due within one year 6 739,047 789,565
NET CURRENT ASSETS 1,510,159 1,355,176
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,825,255
1,669,592

CAPITAL AND RESERVES
Called up share capital 66 66
Capital redemption reserve 34 34
Retained earnings 1,825,155 1,669,492
SHAREHOLDERS' FUNDS 1,825,255 1,669,592

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 notes form part of these financial statements

Page 2 continued...
Air Brake Connections Ltd (Registered number: 02726715)

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 27 September 2025 and were signed on its behalf by:





K J Batcheldor - Director


The notes form part of these financial statements

Page 3
Air Brake Connections Ltd (Registered number: 02726715)

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

1. STATUTORY INFORMATION

Air Brake Connections Ltd 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 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 to write off each asset over its estimated useful life:

Freehold Property - 0% on cost
Fixtures and Fittings - 25% on cost
Motor Vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Page 4 continued...
Air Brake Connections Ltd (Registered number: 02726715)

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

2. ACCOUNTING POLICIES - continued

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.

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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 293,529 436,107 729,636
Additions - 9,478 9,478
At 30 September 2024 293,529 445,585 739,114
DEPRECIATION
At 1 October 2023 - 415,220 415,220
Charge for year - 8,798 8,798
At 30 September 2024 - 424,018 424,018
NET BOOK VALUE
At 30 September 2024 293,529 21,567 315,096
At 30 September 2023 293,529 20,887 314,416

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 617,530 734,115
Other debtors 6,063 6,207
623,593 740,322

Page 5 continued...
Air Brake Connections Ltd (Registered number: 02726715)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 421,073 479,632
Taxation and social security 189,606 197,431
Other creditors 128,368 112,502
739,047 789,565

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 24,500 24,500
In more than five years 24,500 24,500
49,000 49,000

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors: K J Batcheldor, S Batcheldor, R Batcheldor and G R Chalkley by virtue of the fact that between them they own 100% of the issued share capital.

Page 6