Company Registration No. 11551957 (England and Wales)
TODDINGTON STANDARD LOCOMOTIVE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
TODDINGTON STANDARD LOCOMOTIVE LIMITED
COMPANY INFORMATION
Directors
Mr C R M Hinton
Mr C J Irving
Mr A G L Meredith
Mr I H Crowder
Mr S J Everett
Company number
11551957
Registered office
Churchward House
Winchcombe Railway Station
Winchcombe
Gloucestershire
GL54 5LD
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Natwest Bank Plc
740 Waterside Drive
Aztec West
Almondsbury
BS99 5BD
TODDINGTON STANDARD LOCOMOTIVE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
TODDINGTON STANDARD LOCOMOTIVE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TODDINGTON STANDARD LOCOMOTIVE LIMITED FOR THE YEAR ENDED 31 AUGUST 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Toddington Standard Locomotive Limited for the year ended 31 August 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Toddington Standard Locomotive Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Toddington Standard Locomotive Limited and state those matters that we have agreed to state to the Board of Directors of Toddington Standard Locomotive Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Toddington Standard Locomotive Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Toddington Standard Locomotive Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Toddington Standard Locomotive Limited. You consider that Toddington Standard Locomotive Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Toddington Standard Locomotive Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
17 October 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
TODDINGTON STANDARD LOCOMOTIVE LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2023
31 August 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
241,018
185,481
Current assets
Debtors
4
1,230
2,851
Cash at bank and in hand
66,513
60,237
67,743
63,088
Creditors: amounts falling due within one year
5
(4,334)
(944)
Net current assets
63,409
62,144
Total assets less current liabilities
304,427
247,625
Capital and reserves
Called up share capital
6
316,154
258,319
Profit and loss reserves
(11,727)
(10,694)
Total equity
304,427
247,625

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 17 October 2023 and are signed on its behalf by:
Mr S J Everett
Director
Company Registration No. 11551957
TODDINGTON STANDARD LOCOMOTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 3 -
1
Accounting policies
Company information

Toddington Standard Locomotive Limited is a private company limited by shares incorporated in England and Wales. The registered office is Churchward House, Winchcombe Railway Station, Winchcombe, Gloucestershire, GL54 5LD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Assets in the course of construction are not depreciated.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 5 (2022 - 5).

TODDINGTON STANDARD LOCOMOTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 4 -
3
Tangible fixed assets
Assets under construction
£
Cost
At 1 September 2022
185,481
Additions
55,537
At 31 August 2023
241,018
Depreciation and impairment
At 1 September 2022 and 31 August 2023
-
0
Carrying amount
At 31 August 2023
241,018
At 31 August 2022
185,481
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
1,230
2,851
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
4,334
944
TODDINGTON STANDARD LOCOMOTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 5 -
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
188,654 Ordinary of £1 each
188,654
134,819
188,654
134,819
Preference share capital
Issued and fully paid
127,500 Convertible Non Voting Preference of £1 each
127,500
123,500
127,500
123,500

The following shares were allotted and fully paid for cash at par during the year:

 

53,835 Ordinary of £1 each

4,000 Preference of £1 each

7
Capital commitments

Amounts contracted for but not yet undertaken:

2023
2022
£
£
Acquisition of tangible fixed assets
6,487
12,937
8
Ultimate controlling party

There is no ultimate controlling party.

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