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
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
Cotswold Steam Preservation Limited
Statement of financial position
as at 30 June 2023
Tangible assets
365,849
379,396
Cash at bank and in hand
164,564
275,442
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
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
Cotswold Steam Preservation Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
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
At 30 June 2023
-
365,849
-
365,849
At 30 June 2022
-
379,396
-
379,396
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
5,002
5,260
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.
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
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).