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Company Registration No. 07748903 (England and Wales)
PRAGUE TRAINS LIMITED Unaudited accounts for the year ended 31 May 2023
PRAGUE TRAINS LIMITED Unaudited accounts Contents
Page
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PRAGUE TRAINS LIMITED Company Information for the year ended 31 May 2023
Directors
Martin L Cook Annabel J Cook
Company Number
07748903 (England and Wales)
Registered Office
MITRE HOUSE 2 BOND STREET IPSWICH IP4 1JE
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PRAGUE TRAINS LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
97,773 
97,773 
Tangible assets
6,032 
6,617 
103,805 
104,390 
Current assets
Inventories
459 
459 
Debtors
1,110 
493 
Cash at bank and in hand
20,151 
13,887 
21,720 
14,839 
Creditors: amounts falling due within one year
(5,599)
(7,288)
Net current assets
16,121 
7,551 
Total assets less current liabilities
119,926 
111,941 
Creditors: amounts falling due after more than one year
(37,573)
(45,908)
Net assets
82,353 
66,033 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
82,253 
65,933 
Shareholders' funds
82,353 
66,033 
For the year ending 31 May 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 7 September 2023 and were signed on its behalf by
Martin L Cook Director Company Registration No. 07748903
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PRAGUE TRAINS LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
PRAGUE TRAINS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07748903. The registered office is MITRE HOUSE 2, BOND STREET, IPSWICH, IP4 1JE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% Straight Line Basis
Computer equipment
20% Straight Line Basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 June 2022
76,721 
21,052 
97,773 
At 31 May 2023
76,721 
21,052 
97,773 
Amortisation
At 1 June 2022
- 
- 
- 
At 31 May 2023
- 
- 
- 
Net book value
At 31 May 2023
76,721 
21,052 
97,773 
At 31 May 2022
76,721 
21,052 
97,773 
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PRAGUE TRAINS LIMITED Notes to the Accounts for the year ended 31 May 2023
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
1,530 
20,544 
22,074 
Additions
622 
764 
1,386 
At 31 May 2023
2,152 
21,308 
23,460 
Depreciation
At 1 June 2022
918 
14,539 
15,457 
Charge for the year
399 
1,572 
1,971 
At 31 May 2023
1,317 
16,111 
17,428 
Net book value
At 31 May 2023
835 
5,197 
6,032 
At 31 May 2022
612 
6,005 
6,617 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
110 
493 
Accrued income and prepayments
1,000 
- 
1,110 
493 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
5,457 
3,147 
Other creditors
142 
141 
Loans from directors
- 
4,000 
5,599 
7,288 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
32,331 
44,331 
Taxes and social security
5,242 
1,577 
37,573 
45,908 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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