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Company Registration No. 01572386 (England and Wales)
Cotswold Steam Preservation Limited Unaudited accounts for the year ended 30 June 2023
Cotswold Steam Preservation Limited Unaudited accounts Contents
Page
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Cotswold Steam Preservation Limited Company Information for the year ended 30 June 2023
Directors
S Farrimond F G A Leach B J Gamlin G Adlington J D Giles N A Scully
Company Number
01572386 (England and Wales)
Registered Office
Kelso Vicarage Lane Brockworth Gloucestershire GL3 4EZ
Accountants
Louise Newman & Co Ltd 2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
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Cotswold Steam Preservation Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
365,849 
379,396 
Current assets
Inventories
1,000 
1,000 
Debtors
3,119 
2,782 
Cash at bank and in hand
164,564 
275,442 
168,683 
279,224 
Creditors: amounts falling due within one year
(33,202)
(33,430)
Net current assets
135,481 
245,794 
Total assets less current liabilities
501,330 
625,190 
Creditors: amounts falling due after more than one year
(158,049)
(92,794)
Net assets
343,281 
532,396 
Capital and reserves
Called up share capital
502,800 
476,250 
Revaluation reserve
49,675 
49,675 
Profit and loss account
(209,194)
6,471 
Shareholders' funds
343,281 
532,396 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2023 and were signed on its behalf by
F G A Leach Director Company Registration No. 01572386
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Cotswold Steam Preservation Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Cotswold Steam Preservation Limited is a private company, limited by shares, registered in England and Wales, registration number 01572386. The registered office is Kelso, Vicarage Lane, Brockworth, Gloucestershire, GL3 4EZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Other tangible fixed assets
Straight Line over 40 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Cotswold Steam Preservation Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
6,160 
541,887 
287 
548,334 
At 30 June 2023
6,160 
541,887 
287 
548,334 
Depreciation
At 1 July 2022
6,160 
162,491 
287 
168,938 
Charge for the year
- 
13,547 
- 
13,547 
At 30 June 2023
6,160 
176,038 
287 
182,485 
Net book value
At 30 June 2023
- 
365,849 
- 
365,849 
At 30 June 2022
- 
379,396 
- 
379,396 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,119 
2,782 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
5,002 
5,260 
Accruals
28,200 
28,170 
33,202 
33,430 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
158,049 
92,794 
Aggregate of amounts that fall due for payment after five years
145,260 
5,560 
A loan of £12,356 was made to the company, in the year ended 30 June 2019, from The 2807 Freight Locomotive Association a registered charity. The loan will be repayable by the year ended 30 June 2024, interest is not being charged on the loan and it is for the purpose of carrying out repairs to the locomotive. Additional loans totalling £15,887 were made during the year ended 30 June 2021, £64,551 during the year ended 30 June 2022 and £65,255 during the year ended 30 June 2023. These are due for repayment by the year ended 30 June 2033.
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
3,352 Ordinary shares of £150 each
502,800 
476,250 
Shares issued during the period:
177 Ordinary shares of £150 each
26,550 
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Cotswold Steam Preservation Limited Notes to the Accounts for the year ended 30 June 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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