REGISTERED NUMBER: 02662474 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

RAILWAY MOULDS & SYSTEMS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H Layfield

Mrs V A Layfield

J L Layfield

Miss A L Layfield

SECRETARY:

Mrs V A Layfield

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

REGISTERED NUMBER:

02662474 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,090

1,071

1,090

1,071

CURRENT ASSETS

Debtors

6

2,234,885

1,871,376

Cash at bank

557,372

207,959

2,792,257

2,079,335

CREDITORS

Amounts falling due within one year

7

1,942,457

1,597,242

NET CURRENT ASSETS

849,800

482,093

TOTAL ASSETS LESS CURRENT LIABILITIES

850,890

483,164

PROVISIONS FOR LIABILITIES

8

273

268

NET ASSETS

850,617

482,896

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

850,517

482,796

SHAREHOLDERS' FUNDS

850,617

482,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 17 January 2026 and were signed on its behalf by:

J H Layfield - Director

Mrs V A Layfield - Director

1.	STATUTORY INFORMATION

Railway Moulds & Systems 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised in full in 2016.

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.

Tangible fixed assets

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

Furniture,fittings & equipment

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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 5 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

750

AMORTISATION

At 1 June 2024

and 31 May 2025

750

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Furniture,fittings

Computer

& equipment

equipment

Totals

£

£

£

COST

At 1 June 2024

738

12,900

13,638

Additions

-

1,617

1,617

Disposals

-

(6,822

)

(6,822

)

At 31 May 2025

738

7,695

8,433

DEPRECIATION

At 1 June 2024

722

11,845

12,567

Charge for year

4

1,594

1,598

Eliminated on disposal

-

(6,822

)

(6,822

)

At 31 May 2025

726

6,617

7,343

NET BOOK VALUE

At 31 May 2025

12

1,078

1,090

At 31 May 2024

16

1,055

1,071

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,546,024

1,214,133

Expenses in advance

429,202

393,482

Tax recoverable

251,703

251,703

VAT

6,164

7,111

Prepayments

1,792

4,947

2,234,885

1,871,376

Included within taxation debtors amounts falling due within 1 year is an amount of £251,703 (2024 : £251,703). This is unlikely to be repaid within the next 12 months.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Creditors

667,035

611,073

Tax

267,186

122,801

PAYE

1,740

-

Directors' current accounts

238

455

Income in advance

1,001,358

858,013

Accrued expenses

4,900

4,900

1,942,457

1,597,242

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

273

268

Deferred

tax

£

Balance at 1 June 2024

268

Provided during year

5

Balance at 31 May 2025

273

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J H Layfield.