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Registration number: NI070092

Railway Plant Services Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Railway Plant Services Ltd

(Registration number: NI070092)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 4,768,868 | 4,088,624
Current assets |  |  |
Debtors | 5 | 557,573 | 3,295,925
Cash at bank and in hand |  | 984,717 | 2,613,753
|  | 1,542,290 | 5,909,678
Creditors: Amounts falling due within one year | 6 | (919,841) | (976,798)
Net current assets |  | 622,449 | 4,932,880
Total assets less current liabilities |  | 5,391,317 | 9,021,504
Creditors: Amounts falling due after more than one year | 6 | (372,413) | (143,345)
Provisions for liabilities |  | (1,117,102) | (933,371)
Net assets |  | 3,901,802 | 7,944,788
Capital and reserves |  |  |
Called up share capital | 7 | 2 | 2
Retained earnings |  | 3,901,800 | 7,944,786
Shareholders' funds |  | 3,901,802 | 7,944,788

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Railway Plant Services Ltd

(Registration number: NI070092)
Balance Sheet as at 31 August 2025

Approved and authorised by the director on 19 January 2026

......................................... Mr Christopher Hugh Feeney Director

Railway Plant Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 51 Ballyvaddy Road, Carnlough, BT44 0LG.

These financial statements were authorised for issue by the director on 19 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Railway Plant Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost less its estimated residual value of each asset over its expected useful life as follows:

Asset class | Depreciation method and rate
Tenant Improvements | 10% straight line
Plant & Machinery | 5% reducing balance / 7% straight line
Fixtures & Fittings | 20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Railway Plant Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 32 (2024 - 36).

Railway Plant Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Tenant improvements £ | Fixtures and fittings £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 September 2024 | 389,488 | 76,366 | - | 4,822,018 | 5,287,872
Additions | 3,986 | 15,563 | 53,333 | 885,860 | 958,742
Disposals | - | - | - | (6,500) | (6,500)
At 31 August 2025 | 393,474 | 91,929 | 53,333 | 5,701,378 | 6,240,114
Depreciation
At 1 September 2024 | 99,943 | 36,756 | - | 1,062,549 | 1,199,248
Charge for the year | 39,347 | 11,035 | 10,667 | 210,949 | 271,998
At 31 August 2025 | 139,290 | 47,791 | 10,667 | 1,273,498 | 1,471,246
Carrying amount
At 31 August 2025 | 254,184 | 44,138 | 42,666 | 4,427,880 | 4,768,868
At 31 August 2024 | 289,545 | 39,610 | - | 3,759,469 | 4,088,624

Railway Plant Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 243,846 | 2,030,521
Prepayments | 19,153 | 67,625
Other debtors | 294,574 | 1,197,779
| 557,573 | 3,295,925

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Hire purchase |  | 265,275 | 245,995
Trade creditors |  | 208,358 | 157,233
Taxation and social security |  | 46,762 | 479,787
Accruals |  | 34,847 | 92,246
Other creditors |  | 364,599 | 1,537
|  | 919,841 | 976,798

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Hire purchase |  | 372,413 | 143,345

Railway Plant Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 2 | 2 | 2 | 2

8 | Related party transactions

The following amounts were due from/(to) the directors at the year end:-

| 2025 £ | 2024 £
Directors current account | 6,928 | 777,039

The company rents yards from each of the directors. Rentals of £8,880 were paid to the directors during the year. (2024 : £15,600).