Company Registration No. SC614451 (Scotland)
Turas Rail Limited
Unaudited accounts
for the year ended 31 March 2022
Turas Rail Limited
Unaudited accounts
Contents
Turas Rail Limited
Company Information
for the year ended 31 March 2022
Company Number
SC614451 (Scotland)
Registered Office
28 MEARNSWOOD PLACE
NEWTON MEARNS
GLASGOW
G77 6BF
SCOTLAND
Accountants
Mark Gray Ltd
76 Busby Road
Clarkston
Glasgow
G76 7AU
Turas Rail Limited
Statement of financial position
as at 31 March 2022
Tangible assets
2,810
2,146
Cash at bank and in hand
26,977
18,384
Creditors: amounts falling due within one year
(20,218)
(17,532)
Net current assets
15,692
14,621
Total assets less current liabilities
18,502
16,767
Creditors: amounts falling due after more than one year
(13,321)
(16,667)
Called up share capital
100
100
Profit and loss account
5,081
-
Shareholders' funds
5,181
100
For the year ending 31 March 2022 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 director acknowledges his 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 and authorised for issue on 27 November 2023 and were signed on its behalf by
Mr Mark Rose
Director
Company Registration No. SC614451
Turas Rail Limited
Notes to the Accounts
for the year ended 31 March 2022
Turas Rail Limited is a private company, limited by shares, registered in Scotland, registration number SC614451. The registered office is 28 MEARNSWOOD PLACE, NEWTON MEARNS, GLASGOW, G77 6BF, SCOTLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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% reducing balance
Computer equipment
33.3% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2021
1,915
2,188
4,103
At 31 March 2022
1,915
3,997
5,912
At 1 April 2021
623
1,334
1,957
Charge for the year
258
887
1,145
At 31 March 2022
881
2,221
3,102
At 31 March 2022
1,034
1,776
2,810
At 31 March 2021
1,292
854
2,146
Turas Rail Limited
Notes to the Accounts
for the year ended 31 March 2022
Amounts falling due after more than one year
Accrued income and prepayments
453
290
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
3,333
3,333
Taxes and social security
15,158
11,048
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).