Company No: 07871983 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Louise Clarke
	James Matthew Hodge

REGISTERED OFFICE	25 Whitehouse Gardens
	York
	YO24 1DZ
	United Kingdom

COMPANY NUMBER

07871983 (England and Wales)

ACCOUNTANT	Jones & Co of York Ltd
	Wellington House
	Aviator Court
	Clifton Moor
	York
	YO30 4UZ
	England

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	15,110		14,327
		15,110		14,327
Current assets
Cash at bank and in hand	4	5,252		11,533
		5,252		11,533
Creditors: amounts falling due within one year	5	( 16,225)		( 15,763)
Net current liabilities		(10,973)		(4,230)
Total assets less current liabilities		4,137		10,097
Provision for liabilities	6, 7	( 3,778)		( 2,722)
Net assets		359		7,375
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		259		7,275
Total shareholders' funds		359		7,375

For the financial year ending 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Hodge Rail Limited (registered number: 07871983) were approved and authorised for issue by the Board of Directors on 28 April 2026. They were signed on its behalf by:

James Matthew Hodge Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hodge Rail Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 25 Whitehouse Gardens, York, YO24 1DZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 April 2025	13,800		3,869		14,902		32,571
Additions	6,350		0		0		6,350
At 31 March 2026	20,150		3,869		14,902		38,921
Accumulated depreciation
At 01 April 2025	2,300		3,015		12,929		18,244
Charge for the financial year	4,440		214		913		5,567
At 31 March 2026	6,740		3,229		13,842		23,811
Net book value
At 31 March 2026	13,410		640		1,060		15,110
At 31 March 2025	11,500		854		1,973		14,327

4. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	5,252		11,533

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	860		860
Other taxation and social security	7,394		8,772
Other creditors	7,971		6,131
	16,225		15,763

6. Provision for liabilities

	2026		2025
	£		£
Deferred tax	3,778		2,722

7. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 2,722)		( 418)
Charged to the Statement of Income and Retained Earnings	( 1,056)		( 2,304)
At the end of financial year	( 3,778)		( 2,722)

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
80 Ordinary A shares of £ 1.00 each	80		80
20 Ordinary B shares of £ 1.00 each	20		20
	100		100