for the Period Ended 31 December 2021
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 11 |
for the Period Ended 31 December 2021
Director: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 December 2021
Principal Activities
Additional information
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Directors
The directors shown below have held office during the whole of the period from 01 January 2021 to 31 December 2021
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 December 2021
Notes |
2021 £ |
14 months to 31 Dec 2020 £ |
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Turnover |
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Cost of sales |
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Gross Profit or (Loss) |
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Income from coronavirus (COVID-19) business support grants | 0 | 0 | |
Distribution Costs |
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Administrative Expenses |
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Other operating income |
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Operating Profit or (Loss) |
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Interest Receivable and Similar Income |
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Interest Payable and Similar Charges |
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Profit or (Loss) Before Tax |
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Tax on Profit |
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Profit or (Loss) for Period |
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The notes form part of these financial statements
As at
Notes |
2021 £ |
14 months to 31 Dec 2020 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 December 2021
Notes |
2021 £ |
14 months to 31 Dec 2020 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2021
Basis of measurement and preparation
Tangible fixed assets depreciation policy
Locomotive 2% per year
Other plant and machinery 20% per year
The locomotive is a heritage asset. As it was non-operational during the year, no depreciation has been charged. In addition to the cost of acquisition, all costs directly attributable to bringing the locomotive to the condition necessary for it to be capable of operating are capitalised. The value of volunteer help with the restoration is not included in the accounts. Following restoration, it is intended that the locomotive will be well maintained such that its residual value will be equal to or greater than its carrying value. However, as a major overhaul will occur every ten years on expiry of the boiler certificate, depreciation will be charged while the locomotive has a current boiler certificate, at a rate expected to be sufficient to offset the costs of that overhaul which will be capitalised, subject to derecognition of replaced components.
Other accounting policies
for the Period Ended 31 December 2021
2021 |
14 months to 31 Dec 2020 |
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Average number of employees during the period |
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for the Period Ended 31 December 2021
for the Period Ended 31 December 2021
Plant & machinery | Total | |
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Cost | £ | £ |
At 01 January 2021 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2021 |
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Depreciation | ||
At 01 January 2021 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 31 December 2021 |
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Net book value | ||
At 31 December 2021 |
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At 31 December 2020 |
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Other plant and machinery cost £150
for the Period Ended 31 December 2021
2021 £ |
14 months to 31 Dec 2020 £ |
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Other debtors |
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Total |
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Debtors due after more than one year: |
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for the Period Ended 31 December 2021
2021 £ |
14 months to 31 Dec 2020 £ |
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Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 31 December 2021
Name of related party: |
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Description of relationship: | |
A Director | |
Description of the transaction: | |
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Balance at 01 January 2021 |
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Balance at 31 December 2021 |
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