Registration number:
Chrysalis Rail Services Limited
for the Period from 1 November 2021 to 31 March 2023
(Registration number: 07397548)
Balance Sheet as at 31 March 2023
Note |
2023 |
2021 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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(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:
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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
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Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
UK
The principal place of business is:
Weston Business Centre Hub
Weston Road
Crewe
Cheshire
CW1 6FL
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 31 March 2023
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 November 2021 |
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At 31 March 2023 |
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Amortisation |
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At 1 November 2021 |
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At 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
- |
- |
Tangible assets |
Leasehold improvements |
Furniture, fittings and equipment |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 November 2021 |
- |
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Additions |
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At 31 March 2023 |
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Depreciation |
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At 1 November 2021 |
- |
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Charge for the period |
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At 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
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At 31 October 2021 |
- |
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Stocks |
2023 |
2021 |
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Stock |
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Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 31 March 2023
Debtors |
2023 |
2021 |
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Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2021 |
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Due within one year |
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Other borrowings |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2023 |
2021 |
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Due after one year |
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Other borrowings |
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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
Related party transactions |
Transactions with directors |
2023 |
At 1 November 2021 |
Advances to directors |
Repayments by director |
At 31 March 2023 |
Mr CD Steele |
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|
( |
|
( |
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(357) |
79,930 |
(55,246) |
24,327 |
|
Mrs AM Steele |
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( |
|
( |
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(357) |
79,930 |
(55,246) |
24,327 |
|
Mr CG Steele |
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|
( |
|
( |
|
(357) |
79,930 |
(55,246) |
24,327 |
|