REGISTERED NUMBER: 07020346 (England and Wales)

MOTION RAIL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E N E Dymond

Mr A G Kardasopoulos

Mr S Pears

Mrs L V A Rogers

Mr J W Sadler

REGISTERED OFFICE:

B11 Brecon House

Mamhilad Park Estate

Pontypool

NP4 0HZ

REGISTERED NUMBER:

07020346 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

202,365

255,414

CURRENT ASSETS

Debtors

5

1,617,280

1,910,714

Cash at bank

369,075

833,179

1,986,355

2,743,893

CREDITORS

Amounts falling due within one year

6

589,671

1,424,856

NET CURRENT ASSETS

1,396,684

1,319,037

TOTAL ASSETS LESS CURRENT LIABILITIES

1,599,049

1,574,451

CREDITORS

Amounts falling due after more than one year

7

(129,208

)

(232,595

)

PROVISIONS FOR LIABILITIES

(36,360

)

(57,947

)

NET ASSETS

1,433,481

1,283,909

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1,433,381

1,283,809

SHAREHOLDERS' FUNDS

1,433,481

1,283,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2026 and were signed on its behalf by:

Mrs E N E Dymond - Director

1.	STATUTORY INFORMATION

Motion 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.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% straight line on cost

Motor vehicles

-

20% straight line on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 16 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2024

75,539

91,175

382,720

549,434

Additions

-

2,078

37,461

39,539

At 30 September 2025

75,539

93,253

420,181

588,973

DEPRECIATION

At 1 October 2024

52,284

61,080

180,656

294,020

Charge for year

3,489

11,976

77,123

92,588

At 30 September 2025

55,773

73,056

257,779

386,608

NET BOOK VALUE

At 30 September 2025

19,766

20,197

162,402

202,365

At 30 September 2024

23,255

30,095

202,064

255,414

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

460,148

851,482

Amounts owed by group undertakings

694,308

596,408

Other debtors

462,824

462,824

1,617,280

1,910,714

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

50,000

Hire purchase contracts

46,508

61,010

Trade creditors

54,018

277,983

Taxation and social security

382,036

300,547

Other creditors

107,109

735,316

589,671

1,424,856

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

65,582

Hire purchase contracts

129,208

167,013

129,208

232,595

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

175,716

228,023

The liabilities in respect of hire purchase agreements are secured against the assets to which the finance relates.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

As at the year end the company was owed £404,150 by Dymond Thomas Holdings CYF.

Emma Dymond (a director of the company) owns 100% of the share capital of Dymond Thomas Holdings CYF.

North Circle Holdings Limited held 100% of the share capital of Motion Rail Limited during the year.

Emma Dymond (a director of the company) holds 100% of the share capital in North Circle Holdings Limited.

As at the year end the company was owed £694,308 by North Circle Holdings Limited.

11.	ULTIMATE CONTROLLING PARTY

The immediate parent company of the company is North Circle Holdings Limited (15981342).

North Circle Holdings Limited Limited held 100% of the share capital of Motion Rail Limited during the year.

The ultimate controlling party of North Circle Holdings Limited is Emma Dymond who holds 100% of the share capital in North Circle Holdings Limited.