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REGISTERED NUMBER: SC496394 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2022

for

MB Rail Consultancy Limited

MB Rail Consultancy Limited (Registered number: SC496394)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MB Rail Consultancy Limited

Company Information
for the Year Ended 31 January 2022







DIRECTOR: Dr M Bott





REGISTERED OFFICE: Bonnington Bond Suite 34
Bonnington Bond
2 Anderson Place
Edinburgh
EH6 5NP





REGISTERED NUMBER: SC496394 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

MB Rail Consultancy Limited (Registered number: SC496394)

Statement of Financial Position
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,000 12,857

CURRENT ASSETS
Debtors 5 290,693 151,841
Cash at bank 20,507 80,092
311,200 231,933
CREDITORS
Amounts falling due within one year 6 127,779 77,422
NET CURRENT ASSETS 183,421 154,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,421

167,368

PROVISIONS FOR LIABILITIES 2,470 2,443
NET ASSETS 193,951 164,925

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 193,950 164,924
SHAREHOLDERS' FUNDS 193,951 164,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 August 2022 and were signed by:





Dr M Bott - Director


MB Rail Consultancy Limited (Registered number: SC496394)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

MB Rail Consultancy Limited is a private company, limited by shares , registered in Scotland. 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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 cost
Fixtures and fittings - 20% on cost
Computer equipments - 33% on 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.

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 6 (2021 - 4 ) .

MB Rail Consultancy Limited (Registered number: SC496394)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipments Totals
£    £    £    £   
COST
At 1 February 2021 9,323 4,238 20,411 33,972
Additions - 1,845 5,788 7,633
At 31 January 2022 9,323 6,083 26,199 41,605
DEPRECIATION
At 1 February 2021 8,756 1,665 10,694 21,115
Charge for year 265 949 6,276 7,490
At 31 January 2022 9,021 2,614 16,970 28,605
NET BOOK VALUE
At 31 January 2022 302 3,469 9,229 13,000
At 31 January 2021 567 2,573 9,717 12,857

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Other debtors 286,895 89,745
Directors' current accounts - 58,501
Prepayments and accrued income 3,798 3,595
290,693 151,841

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Tax 75,779 41,203
Social security and other taxes 13,711 -
VAT 35,188 31,392
Other creditors 2,623 4,624
Directors' current accounts 274 -
Accruals and deferred income 204 203
127,779 77,422

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Loan balances are repayable on demand.The following advances and credits to a director subsisted during the years ended 31 January 2022 and 31 January 2021:

31.1.22 31.1.21
£    £   
Dr M Bott
Balance outstanding at start of year 58,501 (20,869 )
Amounts advanced 1,040 110,054
Amounts repaid (59,815 ) (30,684 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (274 ) 58,501

This loan is repayable upon demand. Interest is charged at a rate of 2.25% on the loan on balances exceeding £10,000.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £81,131 (2021 - £120,200) were paid to the director .

MB Rail Consultancy Limited (Registered number: SC496394)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

8. RELATED PARTY DISCLOSURES - continued

A loan of £165,000 was provided by the company to shareholder L Maclarty. The loan is interest free.