Company registration number 09647330 (England and Wales)
NGAGE RAIL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
NGAGE RAIL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
NGAGE RAIL LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
CURRENT ASSETS
Debtors
3
577,291
581,039
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4
(568,957)
(568,957)
NET CURRENT ASSETS
8,334
12,082
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss reserves
8,234
11,982
TOTAL EQUITY
8,334
12,082

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 11 March 2026
Mrs E A Thomas
Director
Company registration number 09647330 (England and Wales)
NGAGE RAIL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
ACCOUNTING POLICIES
Company information

Ngage Rail Limited is a private company limited by shares incorporated in England and Wales. The registered office is International House, Pant Industrial Estate, Merthyr Tydfil, CF48 2SR.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention,The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

NGAGE RAIL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
ACCOUNTING POLICIES
(Continued)
- 3 -
1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.4
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
DEBTORS
2025
2024
Amounts falling due within one year:
£
£
Other debtors
577,291
581,039
NGAGE RAIL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
4
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade creditors
1
1
Amounts owed to group undertakings
31,186
31,186
Corporation tax
27,444
27,444
Other taxation and social security
461,836
461,836
Other creditors
46,991
46,991
Accruals and deferred income
1,499
1,499
568,957
568,957
5
RELATED PARTY TRANSACTIONS

Included within debtors is a balance of £8,265 (202 4 - £344,013) due from Ngage Resourcing Limited, a company registered in England & Wales. The director Ms E A Thomas has a material interest in this company.

6
DIRECTORS' TRANSACTIONS

Included within other creditors is £4 6,696 due a director. This balance is interest free and repayable on demand.

7
PARENT COMPANY

In the opinion of the director, the company's ultimate parent company is Ngage Group Limited, a company registered in England and Wales, which owns 100% of the allotted share capital of the company.

The director Mrs E A Thomas owns 100% of the allotted share capital of Ngage Group Limited.

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