CK Rail Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08313939 (England and Wales)

Financial Statements for the Year Ended 31 July 2021

for

CK Rail Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Hughes

Mr P T Gray

Mr M Lees

Mr M Lees

REGISTERED OFFICE:

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

REGISTERED NUMBER:

08313939 (England and Wales)

AUDITORS:

Sutton McGrath Hartley

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Tangible assets

4

549,848

441,101

Investments

5

6,030,000

-

6,579,848

441,101

CURRENT ASSETS

Debtors

6

4,160,435

3,545,204

Cash at bank

1,167,188

1,107,513

5,327,623

4,652,717

CREDITORS

Amounts falling due within one year

7

3,971,103

976,446

NET CURRENT ASSETS

1,356,520

3,676,271

TOTAL ASSETS LESS CURRENT LIABILITIES

7,936,368

4,117,372

PROVISIONS FOR LIABILITIES

8

50,786

83,809

NET ASSETS

7,885,582

4,033,563

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

7,885,482

4,033,463

SHAREHOLDERS' FUNDS

7,885,582

4,033,563

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 6 April 2022 and were signed on its behalf by:

Mr D Hughes - Director

1.	STATUTORY INFORMATION

CK Rail Solutions Ltd 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 etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2020

588,422

Additions

551,137

Disposals

(510,101

)

At 31 July 2021

629,458

DEPRECIATION

At 1 August 2020

147,321

Charge for year

59,814

Eliminated on disposal

(127,525

)

At 31 July 2021

79,610

NET BOOK VALUE

At 31 July 2021

549,848

At 31 July 2020

441,101

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

6,030,000

At 31 July 2021

6,030,000

NET BOOK VALUE

At 31 July 2021

6,030,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

110,207

126,498

Amounts owed by group undertakings

2,491,935

50,000

Other debtors

1,558,293

3,368,706

4,160,435

3,545,204

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

597,005

363,609

Amounts owed to group undertakings

345,743

-

Taxation and social security

466,529

544,086

Other creditors

2,561,826

68,751

3,971,103

976,446

8.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

50,786

83,809

Deferred tax

£

Balance at 1 August 2020

83,809

Provided during year

(33,023

)

Balance at 31 July 2021

50,786

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathon Dickens ACA (Senior Statutory Auditor)

for and on behalf of Sutton McGrath Hartley

11.	RELATED PARTY DISCLOSURES

The following companies are related parties as they are under common control of one or all of the directors:

Face Structures Ltd

During the year the company made purchases totalling £50,471 (2020: £126,066) from Face Structures Ltd. As at 31 July 2021 the company owed £101 (2020: £30,000) to Face Structures Ltd.

Hastec Rail Ltd

During the year the company made purchases totalling £NIL (2020: £11,475) and sales of £9,962 (2020: £NIL) from Hastec Rail Ltd. As at 31 July 2021 the company was owed £338,884 (2020: £50,000) from Hastec Rail Ltd.

Elmec Solutions Ltd

During the year the company made purchases totalling £291,132 (2020: £2,550) from Elmec Solutions Ltd. As at 31 July 2021 the company was owed £1,403,321 (2020: £NIL) from Elmec Solutions Ltd.

Turnoaks Estates Ltd

As at 31 July 2021 the company was owed £88,779 (2020: £88,779) from Turnoaks Estates Ltd.

12.	ULTIMATE CONTROLLING PARTY

As at 31 July 2021 the company's parent company was C King Holdings Limited, a company which is incorporated in the UK, which is the parent of both the smallest and largest group in which the results of the company are published. The consolidated accounts of this company are available to the public and may be obtained from Companies House, Cardiff. No other group accounts include the results of the company. There is no ultimate controlling party.