Chrysalis Rail Services Limited 07397548 false 2021-11-01 2023-03-31 2023-03-31 The principal activity of the company is repair and maintenance of other transport equipment. Digita Accounts Production Advanced 6.30.9574.0 true 07397548 2021-11-01 2023-03-31 07397548 2023-03-31 07397548 bus:Director1 1 2023-03-31 07397548 bus:Director2 1 2023-03-31 07397548 bus:Director3 1 2023-03-31 07397548 core:RetainedEarningsAccumulatedLosses 2023-03-31 07397548 core:ShareCapital 2023-03-31 07397548 core:CurrentFinancialInstruments 2023-03-31 07397548 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07397548 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 07397548 core:Goodwill 2023-03-31 07397548 core:FurnitureFittingsToolsEquipment 2023-03-31 07397548 core:LandBuildings 2023-03-31 07397548 core:OtherPropertyPlantEquipment 2023-03-31 07397548 bus:SmallEntities 2021-11-01 2023-03-31 07397548 bus:AuditExemptWithAccountantsReport 2021-11-01 2023-03-31 07397548 bus:FullAccounts 2021-11-01 2023-03-31 07397548 bus:SmallCompaniesRegimeForAccounts 2021-11-01 2023-03-31 07397548 bus:RegisteredOffice 2021-11-01 2023-03-31 07397548 bus:Director1 2021-11-01 2023-03-31 07397548 bus:Director1 1 2021-11-01 2023-03-31 07397548 bus:Director2 2021-11-01 2023-03-31 07397548 bus:Director2 1 2021-11-01 2023-03-31 07397548 bus:Director3 2021-11-01 2023-03-31 07397548 bus:Director3 1 2021-11-01 2023-03-31 07397548 bus:PrivateLimitedCompanyLtd 2021-11-01 2023-03-31 07397548 core:ComputerEquipment 2021-11-01 2023-03-31 07397548 core:FurnitureFittings 2021-11-01 2023-03-31 07397548 core:FurnitureFittingsToolsEquipment 2021-11-01 2023-03-31 07397548 core:LandBuildings 2021-11-01 2023-03-31 07397548 core:LeaseholdImprovements 2021-11-01 2023-03-31 07397548 core:OtherPropertyPlantEquipment 2021-11-01 2023-03-31 07397548 core:PlantMachinery 2021-11-01 2023-03-31 07397548 countries:EnglandWales 2021-11-01 2023-03-31 07397548 2021-10-31 07397548 bus:Director1 1 2021-10-31 07397548 bus:Director2 1 2021-10-31 07397548 bus:Director3 1 2021-10-31 07397548 core:Goodwill 2021-10-31 07397548 core:FurnitureFittingsToolsEquipment 2021-10-31 07397548 core:LandBuildings 2021-10-31 07397548 core:OtherPropertyPlantEquipment 2021-10-31 07397548 2020-11-01 2021-10-31 07397548 2021-10-31 07397548 core:RetainedEarningsAccumulatedLosses 2021-10-31 07397548 core:ShareCapital 2021-10-31 07397548 core:CurrentFinancialInstruments 2021-10-31 07397548 core:CurrentFinancialInstruments core:WithinOneYear 2021-10-31 07397548 core:Non-currentFinancialInstruments core:AfterOneYear 2021-10-31 07397548 core:FurnitureFittingsToolsEquipment 2021-10-31 07397548 core:LandBuildings 2021-10-31 07397548 core:OtherPropertyPlantEquipment 2021-10-31 iso4217:GBP xbrli:pure

Registration number: 07397548

Chrysalis Rail Services Limited

Unaudited Financial Statements

for the Period from 1 November 2021 to 31 March 2023

 

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

(Registration number: 07397548)
Balance Sheet as at 31 March 2023

Note

2023
£

2021
£

Fixed assets

 

Tangible assets

5

118,002

127,989

Current assets

 

Stocks

6

26,464

189,574

Debtors

7

1,066,409

740,869

Cash at bank and in hand

 

2,658,290

896,332

 

3,751,163

1,826,775

Creditors: Amounts falling due within one year

8

(2,622,585)

(903,798)

Net current assets

 

1,128,578

922,977

Total assets less current liabilities

 

1,246,580

1,050,966

Creditors: Amounts falling due after more than one year

8

(115,021)

(200,276)

Provisions for liabilities

-

(24,318)

Net assets

 

1,131,559

826,372

Capital and reserves

 

Called up share capital

150

150

Profit and loss account

1,131,409

826,222

Shareholders' funds

 

1,131,559

826,372

 

(Registration number: 07397548)
Balance Sheet as at 31 March 2023

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors Report has been taken.

Approved and authorised by the Board on 31 October 2023 and signed on its behalf by:
 

.........................................
Mr CG Steele
Director

 

Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

The principal place of business is:
Weston Business Centre Hub
Weston Road
Crewe
Cheshire
CW1 6FL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 31 March 2023

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and there carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Office equipment

20% reducing balance

Computer equipment

33% straight line

Leasehold improvements

20% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 20 (2021 - 19).

 

Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 31 March 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2021

1,200,000

1,200,000

At 31 March 2023

1,200,000

1,200,000

Amortisation

At 1 November 2021

1,200,000

1,200,000

At 31 March 2023

1,200,000

1,200,000

Carrying amount

At 31 March 2023

-

-

5

Tangible assets

Leasehold improvements
£

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 November 2021

-

21,127

237,228

258,355

Additions

19,913

2,028

9,547

31,488

At 31 March 2023

19,913

23,155

246,775

289,843

Depreciation

At 1 November 2021

-

15,368

114,998

130,366

Charge for the period

2,655

2,163

36,657

41,475

At 31 March 2023

2,655

17,531

151,655

171,841

Carrying amount

At 31 March 2023

17,258

5,624

95,120

118,002

At 31 October 2021

-

5,759

122,230

127,989

6

Stocks

2023
£

2021
£

Stock

26,464

189,574

 

Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 31 March 2023

7

Debtors

2023
£

2021
£

Trade debtors

644,073

678,403

Other debtors

422,336

62,466

1,066,409

740,869

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2021
£

Due within one year

 

Other borrowings

61,282

49,724

Trade creditors

 

68,615

201,903

Taxation and social security

 

55,723

242,968

Other creditors

 

2,436,965

409,203

 

2,622,585

903,798

Creditors: amounts falling due after more than one year

Note

2023
£

2021
£

Due after one year

 

Other borrowings

115,021

200,276

Included within other borrowings are loans which are secured by both fixed and floating charges held over all assets held by the company.

 

Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 31 March 2023

9

Related party transactions

Transactions with directors

2023

At 1 November 2021
£

Advances to directors
£

Repayments by director
£

At 31 March 2023
£

Mr CD Steele

(357)

79,930

(55,246)

24,327

 

(357)

79,930

(55,246)

24,327

       

Mrs AM Steele

(357)

79,930

(55,246)

24,327

 

(357)

79,930

(55,246)

24,327

       

Mr CG Steele

(357)

79,930

(55,246)

24,327

 

(357)

79,930

(55,246)

24,327