REGISTERED NUMBER: 12313340 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TRAIN DOOR SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Ward

T M M Rasanen

L M Ward

REGISTERED OFFICE:

Unit 3

Garamonde Drive

Wymbush

Milton Keynes

Buckinghamshire

MK8 8DF

REGISTERED NUMBER:

12313340 (England and Wales)

AUDITORS:

Ad Valorem Audit Services Limited

Chartered Certified Accountants

& Statutory Auditors

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

FIXED ASSETS

Intangible assets

4

10,843

141,810

Tangible assets

5

35,206

37,386

46,049

179,196

CURRENT ASSETS

Stocks

6

436,394

347,616

Debtors

7

598,632

456,074

Cash at bank

427,725

459,968

1,462,751

1,263,658

CREDITORS

Amounts falling due within one year

8

259,472

177,353

NET CURRENT ASSETS

1,203,279

1,086,305

TOTAL ASSETS LESS CURRENT LIABILITIES

1,249,328

1,265,501

CREDITORS

Amounts falling due after more than one year

9

(1,194,085

)

(1,194,085

)

PROVISIONS FOR LIABILITIES

10

(8,802

)

(7,103

)

NET ASSETS

46,441

64,313

CAPITAL AND RESERVES

Called up share capital

11

450,000

450,000

Retained earnings

(403,559

)

(385,687

)

SHAREHOLDERS' FUNDS

46,441

64,313

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 26 September 2025 and were signed on its behalf by:

A Ward - Director

1.	STATUTORY INFORMATION

Train Door Solutions 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.

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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

The company uses forecasts and estimates of future growth to determine the expected level of goodwill that will be payable in respect of future results achieved by the company. The company also estimates the useful life of goodwill and assesses whether this should be impaired. If the results of operations in a future period are adverse to the estimates used, an impairment may be triggered at that point, or a reduction in useful economic life may be required.

TURNOVER

The company's turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and VAT.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

15% on cost

Office Equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

DEBTORS RECEIVABLE AND CREDITORS PAYABLE

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 January 2024

650,429

5,265

655,694

Disposals

-

(5,265

)

(5,265

)

At 31 December 2024

650,429

-

650,429

AMORTISATION

At 1 January 2024

509,501

4,383

513,884

Amortisation for year

130,085

881

130,966

Eliminated on disposal

-

(5,264

)

(5,264

)

At 31 December 2024

639,586

-

639,586

NET BOOK VALUE

At 31 December 2024

10,843

-

10,843

At 31 December 2023

140,928

882

141,810

5.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

machinery

Equipment

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

6,578

51,901

19,100

77,579

Additions

-

11,528

-

11,528

Disposals

-

(3,674

)

(19,100

)

(22,774

)

At 31 December 2024

6,578

59,755

-

66,333

DEPRECIATION

At 1 January 2024

3,089

24,214

12,890

40,193

Charge for year

523

5,833

769

7,125

Eliminated on disposal

-

(2,532

)

(13,659

)

(16,191

)

At 31 December 2024

3,612

27,515

-

31,127

NET BOOK VALUE

At 31 December 2024

2,966

32,240

-

35,206

At 31 December 2023

3,489

27,687

6,210

37,386

6.

STOCKS

2024

2023

£

£

Stocks

436,394

347,616

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

542,118

413,033

Other debtors

56,514

43,041

598,632

456,074

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

54,779

28,562

Amounts owed to group undertakings

27,661

13,099

Taxation and social security

129,563

85,169

Other creditors

47,469

50,523

259,472

177,353

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

1,194,085

1,194,085

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

8,802

7,103

Deferred tax

£

Balance at 1 January 2024

7,103

Movement in year

1,699

Balance at 31 December 2024

8,802

These all relate to accelerated capital allowances.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

450,000

Ordinary

£1

450,000

450,000

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Kerins FCCA (Senior Statutory Auditor)

for and on behalf of Ad Valorem Audit Services Limited

13.	PENSION COMMITMENTS

Contributions payable by the company for the year amounted to £23,041 (2023 - £23,008).

An amount of £952 (2023 - £2,033) was outstanding at the balance sheet date.

14.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments at 31 December 2024 was £230,661 (2023 - £280,292).

The majority of this balance relates to a new property lease which expires in December 2028.

15.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with its parent company.

16.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Polarteknik Oy, a company incorporated in Finland.

The registered office of Polarteknik Oy is situated at Klaavolantie 1, 32700 Huittinen, Finland.

The ultimate controlling party for which group accounts are prepared, is Nordstjernan AB, a company incorporated in Stockholm, Sweden.

Copies of the group financial statements of Nordstjernan AB are available at www.nordstjernan.se/en/arsredovisningar