Registrar

Registration number: 08183811

AATI Rail Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

AATI Rail Limited

Company Information

Directors

R Oxborough H J Bisset DG Bisset

Registered office

11 Swinbourne Drive Springwood Industrial Estate Braintree Essex CM7 2YP

Solicitors

Gisby Harrison Solicitors Goffs Oak House Goffs Lane Goffs Oak Herts EN7 5HG

Accountants

Lambert Chapman LLP Chartered Accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

AATI Rail Limited

(Registration number: 08183811)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	746,888	772,822
Current assets
Stocks	6	351,727	312,273
Debtors	7	1,230,086	811,527
Cash at bank and in hand		71,077	2,421
		1,652,890	1,126,221
Creditors: Amounts falling due within one year	8	(791,861)	(309,826)
Net current assets		861,029	816,395
Total assets less current liabilities		1,607,917	1,589,217
Creditors: Amounts falling due after more than one year	8	(5,835)	(10,881)
Provisions for liabilities		(181,334)	(186,635)
Net assets		1,420,748	1,391,701
Capital and reserves
Called up share capital	9	10,000	10,000
Revaluation reserve		425,317	425,317
Retained earnings		985,431	956,384
Shareholders' funds		1,420,748	1,391,701

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

AATI Rail Limited

(Registration number: 08183811)
Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 22 July 2026 and signed on its behalf by:
 

......................................... H J Bisset Director

AATI Rail Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office and principal place of business is: 11 Swinbourne Drive, Springwood Industrial Estate, Braintree, Essex, CM7 2YP.

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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Summary of disclosure exemptions

The company has taken exemption from disclosing related party transactions with group entities of a wholly owned group as permitted by Paragraph 33.1A of FRS 102.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of cast stair nosings products. Turnover is shown net of value added tax, returns 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

Tax is recognised in profit or loss account, 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Intangible fixed assets

This comprises of capitalised costs in relation to designs and trademark costs. The anticipated useful life of the costs capitalised is ten years.

AATI Rail Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the statement of financial position at market value, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	Straight line over 1-3 years
Plant & equipment	Straight line over 1-60 years
Fixtures and fittings	Straight line over 3-15 years

Amortisation

Amortisation is provided on intangible assets so as to write off the cost over their useful lives, as follows:

Asset class	Amortisation method and rate
Designs and trademarks	10% Straight line method

Trade debtors

Trade debtors are amounts due from customers for the sale of stair nosings in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost, after making due allowances for obsolete and slow moving items and estimated selling price less costs to complete and sell.

Cost represents the expenditure incurred in bringing each product to its present location and condition as follows:

Raw Materials – Purchase cost
Finished goods – Cost of direct materials, transport and labour

Work in Progress represents the proportion of the job complete at the year end. It includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

AATI Rail Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Leases

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 over the useful life of the asset. 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

Outside of the Directors, there are no members of staff are employed directly through AATI Rail Limited and staff costs are recharged through management charges by other group members.

4	Intangible assets

	Designs & trademark costs £	Total £
Cost or valuation
At 1 April 2025	5,150	5,150
At 31 March 2026	5,150	5,150
Amortisation
At 1 April 2025	5,150	5,150
At 31 March 2026	5,150	5,150
Carrying amount
At 31 March 2026	-	-

AATI Rail Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Tangible assets

	Fixtures and fittings  £	Office equipment  £	Plant and machinery  £	Total £
Cost or valuation
At 1 April 2025	2,039	729	798,779	801,547
Additions	-	-	2,500	2,500
At 31 March 2026	2,039	729	801,279	804,047
Depreciation
At 1 April 2025	414	260	28,051	28,725
Charge for the year	415	234	27,785	28,434
At 31 March 2026	829	494	55,836	57,159
Carrying amount
At 31 March 2026	1,210	235	745,443	746,888
At 31 March 2025	1,625	469	770,728	772,822

Revaluation

The fair value of the company's fixed assets were revalued on 31 March 2024. An independent valuer was not involved.
The revalued amounts have been derived by the directors of the company based on the market prices at the date of revaluation.
Had these assets been measured on a historical cost basis, the carrying amount would have been £177,095 (2025 - £205,733).

6	Stocks and work in progress

	2026 £	2025 £
Stocks and work in progress	351,727	312,273

AATI Rail Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7

Debtors

	2026 £	2025 £
Trade debtors	122,172	24,356
Amounts owed by group undertakings	1,091,075	758,602
Other debtors	4,740	15,978
Prepayments	12,099	12,591
	1,230,086	811,527

Included within Debtors are balances due from group undertakings, whilst these amounts are due on demand it is unlikely they will be repaid in full during the coming year.

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	5,045	4,749
Trade creditors		25,375	20,181
Amounts owed to group undertakings		639,703	266,993
Other creditors		121,738	6,161
Accrued expenses		-	11,742
		791,861	309,826

Included within Creditors are balances owed to group undertakings, whilst these amounts are due on demand it is unlikely they will be repaid in full during the coming year.