REGISTERED NUMBER: 15065646 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Corlow Rail Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M J McDonald

Mr A P Mather

REGISTERED OFFICE:

137 Church Road

Quarndon

Derby

DE22 5JA

REGISTERED NUMBER:

15065646 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

888

582

CURRENT ASSETS

Debtors

5

23,898

16,561

Cash at bank

146,624

44,843

170,522

61,404

CREDITORS

Amounts falling due within one year

6

90,666

50,248

NET CURRENT ASSETS

79,856

11,156

TOTAL ASSETS LESS CURRENT LIABILITIES

80,744

11,738

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

80,738

11,732

80,744

11,738

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

Mr M J McDonald - Director

1.	STATUTORY INFORMATION

Corlow Rail 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 represents net invoiced sales of services during the year, excluding value added tax. Turnover is recognised when the company has carried out the services and it is probable that the agreed upon payment will be received.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

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.

Leasing commitments

Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2024

-

748

748

Additions

282

494

776

At 31 August 2025

282

1,242

1,524

DEPRECIATION

At 1 September 2024

-

166

166

Charge for year

56

414

470

At 31 August 2025

56

580

636

NET BOOK VALUE

At 31 August 2025

226

662

888

At 31 August 2024

-

582

582

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,720

12,600

Other debtors

422

885

Prepayments

4,756

3,076

23,898

16,561

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

63,831

27,341

Social security and other taxes

22,573

12,700

Directors' loan accounts

2,755

8,813

Accrued expenses

1,507

1,394

90,666

50,248

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

20,108

-

Between one and five years

20,982

-

41,090

-