REGISTERED NUMBER: 07710737 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2025

for

Haigh Rail Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Haigh

Mr K Clarke

Mr D Foster

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

07710737 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Tangible assets

4

763,641

614,507

Investments

5

-

2,500

763,641

617,007

CURRENT ASSETS

Stocks

76,575

126,388

Debtors

6

1,258,211

1,186,615

Cash at bank

687,974

781,037

2,022,760

2,094,040

CREDITORS

Amounts falling due within one year

7

757,861

748,416

NET CURRENT ASSETS

1,264,899

1,345,624

TOTAL ASSETS LESS CURRENT LIABILITIES

2,028,540

1,962,631

CREDITORS

Amounts falling due after more than one year

8

(245,832

)

(140,245

)

PROVISIONS FOR LIABILITIES

(146,442

)

(148,506

)

NET ASSETS

1,636,266

1,673,880

CAPITAL AND RESERVES

Called up share capital

921

970

Capital redemption reserve

49

-

Retained earnings

1,635,296

1,672,910

SHAREHOLDERS' FUNDS

1,636,266

1,673,880

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 11th December 2025 and were signed on its behalf by:

Mr C Haigh - Director

1.	STATUTORY INFORMATION

Haigh Rail 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

over the length of the lease

Plant and machinery etc

-

20% on reducing balance and 15% 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 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

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

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 58 (2024 - 53 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st August 2024

32,009

1,159,707

1,191,716

Additions

-

315,652

315,652

Disposals

-

(41,394

)

(41,394

)

At 31st July 2025

32,009

1,433,965

1,465,974

DEPRECIATION

At 1st August 2024

11,520

565,689

577,209

Charge for year

1,280

144,227

145,507

Eliminated on disposal

-

(20,383

)

(20,383

)

At 31st July 2025

12,800

689,533

702,333

NET BOOK VALUE

At 31st July 2025

19,209

744,432

763,641

At 31st July 2024

20,489

594,018

614,507

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st August 2024

652,674

Additions

288,047

Disposals

(41,394

)

Transfer to ownership

(137,410

)

At 31st July 2025

761,917

DEPRECIATION

At 1st August 2024

227,557

Charge for year

112,548

Eliminated on disposal

(20,383

)

Transfer to ownership

(86,322

)

At 31st July 2025

233,400

NET BOOK VALUE

At 31st July 2025

528,517

At 31st July 2024

425,117

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st August 2024

2,500

Disposals

(2,500

)

At 31st July 2025

-

NET BOOK VALUE

At 31st July 2025

-

At 31st July 2024

2,500

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

833,609

736,252

Other debtors

98,178

123,939

931,787

860,191

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

326,424

326,424

Aggregate amounts

1,258,211

1,186,615

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,743

10,269

Hire purchase contracts (see note 9)

98,021

103,765

Trade creditors

336,793

343,587

Taxation and social security

265,123

213,194

Other creditors

49,181

77,601

757,861

748,416

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

8,737

Hire purchase contracts (see note 9)

245,832

131,508

245,832

140,245

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

98,021

103,765

Between one and five years

245,832

131,508

343,853

235,273

Non-cancellable

operating leases

2025

2024

£

£

Within one year

40,058

40,058

Between one and five years

134,333

165,333

174,391

205,391

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

343,853

235,273

The bank holds a charge over the freehold property owned by the company together with a floating charge covering all the property or undertakings of the company. There are no borrowings from the bank at the period end which are secured.

Hire purchase contracts are secured against specific fixed assets.

11.	RELATED PARTY DISCLOSURES

DWH Investments Limited is a Company related by common control. Haigh Rail Limited has provided DWH Investments Limited with an interest free loan. The balance outstanding at the year end of £326,424 (2024 - £326,424) is included in Other Debtors due after after more than one year.

During the previous year, DWH Investments Limited purchased a property from Haigh Rail Limited, this transaction was carried out at the market valuation.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Haigh.