REGISTERED NUMBER: 04625880 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

ALMA RAIL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Richard Philip Walker

Shane Greenfield

Ian Clark

Paul Clunn

REGISTERED OFFICE:

Unit 1 Coney Green Business Centre

Wingfield View

Clay Cross

Chesterfield

S45 9JW

REGISTERED NUMBER:

04625880 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

1 Valley Court

Canal Road

Bradford

West Yorkshire

BD1 4SP

FIXED ASSETS

Tangible assets

4

110,234

132,315

CURRENT ASSETS

Stocks

30,000

30,100

Debtors

5

3,595,287

2,854,677

Cash at bank

366,512

129,866

3,991,799

3,014,643

CREDITORS

Amounts falling due within one year

6

609,987

453,340

NET CURRENT ASSETS

3,381,812

2,561,303

TOTAL ASSETS LESS CURRENT LIABILITIES

3,492,046

2,693,618

CREDITORS

Amounts falling due after more than one year

7

(2,458

)

(9,496

)

PROVISIONS FOR LIABILITIES

(27,559

)

(33,079

)

NET ASSETS

3,462,029

2,651,043

CAPITAL AND RESERVES

Called up share capital

70

70

Capital redemption reserve

30

30

Profit and loss account

3,461,929

2,650,943

3,462,029

2,651,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 20 October 2026 and were signed on its behalf by:

Richard Philip Walker - Director

1.	STATUTORY INFORMATION

Alma 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

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

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.

Finance cost of debt

The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

278,315

21,506

143,463

443,284

Additions

7,159

999

10,500

18,658

At 31 March 2026

285,474

22,505

153,963

461,942

DEPRECIATION

At 1 April 2025

236,099

16,584

58,286

310,969

Charge for year

12,354

1,484

26,901

40,739

At 31 March 2026

248,453

18,068

85,187

351,708

NET BOOK VALUE

At 31 March 2026

37,021

4,437

68,776

110,234

At 31 March 2025

42,216

4,922

85,177

132,315

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

533,954

576,730

Other debtors

3,061,333

2,277,947

3,595,287

2,854,677

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

7,037

6,576

Trade creditors

197,199

132,376

Taxation and social security

391,560

307,226

Other creditors

14,191

7,162

609,987

453,340

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

2,458

9,496

8.	RELATED PARTY DISCLOSURES

During the year, the company made payments on behalf of a connected company of £791,271 (2025: £594,364). The amount owed from the connected company at 31 March 2026 was £3,061,130 (2025: £2,269,859). The loan was interest free and repayable on demand.

9.	PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administrated fund. The pension costs represents contributions payable by the company to the fund and amounted to £2,624 (2025:£2,103).