REGISTERED NUMBER: 05252290 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

DEPOT RAIL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr O D Snell

Mrs A E Snell

REGISTERED OFFICE:

Unit 5-6

Sandars Road

GAINSBOROUGH

Lincolnshire

DN21 1RZ

REGISTERED NUMBER:

05252290 (England and Wales)

ACCOUNTANTS:

Shucksmith Accountants (Gainsborough) Limited

94-96 Oswald Road

SCUNTHORPE

North Lincolnshire

DN15 7PA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,043,454

1,013,309

1,043,454

1,013,309

CURRENT ASSETS

Stocks

674,279

209,790

Debtors

6

525,805

1,270,118

Cash at bank and in hand

550,898

500,956

1,750,982

1,980,864

CREDITORS

Amounts falling due within one year

7

784,989

1,312,700

NET CURRENT ASSETS

965,993

668,164

TOTAL ASSETS LESS CURRENT LIABILITIES

2,009,447

1,681,473

CREDITORS

Amounts falling due after more than one year

8

(263,512

)

(279,712

)

PROVISIONS FOR LIABILITIES

11

(62,549

)

(63,386

)

NET ASSETS

1,683,386

1,338,375

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

1,683,286

1,338,275

SHAREHOLDERS' FUNDS

1,683,386

1,338,375

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

Mr O D Snell - Director

1.	STATUTORY INFORMATION

Depot 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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services to customers.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

This amount has now been fully written off.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

60,000

AMORTISATION

At 1 October 2024

and 30 September 2025

60,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 October 2024

612,308

407,687

62,836

Additions

-

54,219

-

Disposals

-

-

-

At 30 September 2025

612,308

461,906

62,836

DEPRECIATION

At 1 October 2024

-

109,948

24,495

Charge for year

-

18,189

5,751

Eliminated on disposal

-

-

-

At 30 September 2025

-

128,137

30,246

NET BOOK VALUE

At 30 September 2025

612,308

333,769

32,590

At 30 September 2024

612,308

297,739

38,341

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2024

89,542

16,472

1,188,845

Additions

18,495

2,863

75,577

Disposals

(14,289

)

(512

)

(14,801

)

At 30 September 2025

93,748

18,823

1,249,621

DEPRECIATION

At 1 October 2024

31,596

9,497

175,536

Charge for year

16,741

2,388

43,069

Eliminated on disposal

(11,972

)

(466

)

(12,438

)

At 30 September 2025

36,365

11,419

206,167

NET BOOK VALUE

At 30 September 2025

57,383

7,404

1,043,454

At 30 September 2024

57,946

6,975

1,013,309

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

423,235

548,094

Other debtors

30,074

35,216

Prepayments and accrued income

72,496

686,808

525,805

1,270,118

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

11,940

11,940

Hire purchase contracts (see note 9)

10,880

9,368

Trade creditors

361,341

572,544

Tax

169,272

10,732

Social security and other taxes

25,976

24,819

VAT

144,254

67,998

Other creditors

8,244

9,462

Directors' current accounts

520

520

Accruals and deferred income

52,562

605,317

784,989

1,312,700

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans - 1-2 years

11,940

11,940

Bank loans - 2-5 years

35,820

35,820

Bank loans more 5 yr by instal

200,045

207,413

Hire purchase contracts (see note 9)

15,707

24,539

263,512

279,712

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

200,045

207,413

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.9.25

30.9.24

£

£

Net obligations repayable:

Within one year

10,880

9,368

Between one and five years

15,707

24,539

26,587

33,907

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

259,745

267,113

11.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

62,549

63,386

Deferred

tax

£

Balance at 1 October 2024

63,386

Accelerated capital allowances

(837

)

Balance at 30 September 2025

62,549

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

At 1 October 2024

1,338,275

Profit for the year

504,011

Dividends

(159,000

)

At 30 September 2025

1,683,286

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors, Mr O D Snell and Mrs A E Snell charged the company £520 (2024 - £520) for use of home as office.

15.	RELATED PARTY DISCLOSURES

During the year, total dividends of £159,000 (2024 - £179,000) were paid to the directors .

At 30 September 2025 there was a balance owed by the company to the directors - Mr O D Snell and Mrs A E Snell - of £520 (2024 - £520).

This balance has been shown in Creditors.

16.	ULTIMATE CONTROLLING PARTY

The ultimate control of the company lies with the two directors, Mr O D Snell and Mrs A E Snell, who between them hold 100% of the issued share capital.