Company registration number 06832230 (England and Wales)
RAIL FORUM
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
RAIL FORUM
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RAIL FORUM
BALANCE SHEET
AS AT 30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,212
-
0
Current assets
Debtors
5
89,158
32,939
Cash at bank and in hand
162,682
102,788
251,840
135,727
Creditors: amounts falling due within one year
6
(144,084)
(28,803)
Net current assets
107,756
106,924
Net assets
108,968
106,924
Reserves
Other reserves
80,055
80,055
Income and expenditure account
28,913
26,869
Members' funds
108,968
106,924

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

For the financial year ended 30 April 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 4 October 2023 and are signed on its behalf by:
Ms M S Faulkner
Director
Company Registration No. 06832230
RAIL FORUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 2 -
1
Accounting policies
Company information

Rail Forum is a private company limited by guarantee incorporated in England and Wales. The registered office is Prospect House, 1 Prospect Place, Pride Park, Derby, DE24 8HG. The company registration number is 06832230.

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

1.2
Income and expenditure

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised :

 

Rendering of services

 

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied :

 

1.3
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.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.4
Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 

RAIL FORUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments
Basic financial assets

Short term debtors are measured at transaction price, less any impairment.

Basic financial liabilities

Short term creditors are measured at the transaction price.

1.6
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

 

Profit generated for the benefit of members or mutual trading is not tax deductible. The effect of the doctrine of mutuality is that any trading surplus which a club derives from transactions with such a class of contributor/participator is exempt from tax and, similarly, any loss or deficit cannot be relieved.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
21
19
RAIL FORUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022
-
0
Additions
1,283
At 30 April 2023
1,283
Depreciation and impairment
At 1 May 2022
-
0
Depreciation charged in the year
71
At 30 April 2023
71
Carrying amount
At 30 April 2023
1,212
At 30 April 2022
-
0
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Service charges due
60,242
18,288
Other debtors
28,916
14,651
89,158
32,939
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
232
-
0
Other taxation and social security
23,116
4,836
Other creditors
120,736
23,967
144,084
28,803
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

2023-04-302022-05-01false04 October 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMs D HoffmanMs M S FaulknerMs A C InceMr D A J TaylorMr W J TannerMiss L A MayMrs N PhillipsMr D L BrookesMr C D SwanMr M J GraceMr P L RobinsonMr S HarrisonMr S G HiggensMs M SmithMr P BennisonMr Benjamin AckroydMr N L AndrewMr M D HulmeMr W J RogersMr C G WrightMr Thomas Meacock068322302022-05-012023-04-30068322302023-04-30068322302022-04-3006832230core:OtherPropertyPlantEquipment2023-04-3006832230core:OtherPropertyPlantEquipment2022-04-3006832230core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3006832230core:CurrentFinancialInstrumentscore:WithinOneYear2022-04-3006832230core:CurrentFinancialInstruments2023-04-3006832230core:CurrentFinancialInstruments2022-04-3006832230core:OtherMiscellaneousReserve2023-04-3006832230core:OtherMiscellaneousReserve2022-04-3006832230core:RetainedEarningsAccumulatedLosses2023-04-3006832230core:RetainedEarningsAccumulatedLosses2022-04-3006832230bus:Director22022-05-012023-04-3006832230core:ComputerEquipment2022-05-012023-04-30068322302021-05-012022-04-3006832230core:OtherPropertyPlantEquipment2022-04-3006832230core:OtherPropertyPlantEquipment2022-05-012023-04-3006832230core:WithinOneYear2023-04-3006832230core:WithinOneYear2022-04-3006832230bus:CompanyLimitedByGuarantee2022-05-012023-04-3006832230bus:SmallCompaniesRegimeForAccounts2022-05-012023-04-3006832230bus:FRS1022022-05-012023-04-3006832230bus:AuditExempt-NoAccountantsReport2022-05-012023-04-3006832230bus:Director12022-05-012023-04-3006832230bus:Director32022-05-012023-04-3006832230bus:Director42022-05-012023-04-3006832230bus:Director52022-05-012023-04-3006832230bus:Director62022-05-012023-04-3006832230bus:Director72022-05-012023-04-3006832230bus:Director82022-05-012023-04-3006832230bus:Director92022-05-012023-04-3006832230bus:Director102022-05-012023-04-3006832230bus:Director112022-05-012023-04-3006832230bus:Director122022-05-012023-04-3006832230bus:Director132022-05-012023-04-3006832230bus:Director142022-05-012023-04-3006832230bus:Director152022-05-012023-04-3006832230bus:Director162022-05-012023-04-3006832230bus:Director172022-05-012023-04-3006832230bus:Director182022-05-012023-04-3006832230bus:Director192022-05-012023-04-3006832230bus:Director202022-05-012023-04-3006832230bus:Director212022-05-012023-04-3006832230bus:FullAccounts2022-05-012023-04-30xbrli:purexbrli:sharesiso4217:GBP