Company Registration No. 12023928 (England and Wales)
Trainmaster Limited
Unaudited accounts
for the year ended 31 May 2023
Trainmaster Limited
Unaudited accounts
Contents
Trainmaster Limited
Company Information
for the year ended 31 May 2023
Director
Chloe Louise Cotton
Company Number
12023928 (England and Wales)
Registered Office
200 BERRY WAY
ANDOVER
SP10 3NJ
ENGLAND
Accountants
TBT Accountancy Ltd
Hursley Campus
Hursley Park Road
Hursley
Winchester
Hampshire
SO21 2JN
Trainmaster Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
2,830
6,060
Creditors: amounts falling due within one year
(2,840)
(3,404)
Net current assets
1,098
3,409
Total assets less current liabilities
1,978
7,075
Creditors: amounts falling due after more than one year
(3,833)
(5,833)
Net (liabilities)/assets
(1,855)
1,242
Called up share capital
10
10
Profit and loss account
(1,865)
1,232
Shareholders' funds
(1,855)
1,242
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 director acknowledges her 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 8 February 2024 and were signed on its behalf by
Chloe Louise Cotton
Director
Company Registration No. 12023928
Trainmaster Limited
Notes to the Accounts
for the year ended 31 May 2023
Trainmaster Limited is a private company, limited by shares, registered in England and Wales, registration number 12023928. The registered office is 200 BERRY WAY, ANDOVER, SP10 3NJ, ENGLAND.
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:
Plant & machinery
Straight line basis over 4 years
Motor vehicles
Straight line basis over 4 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. The company is not VAT registered. Turnover from the sales are recognised when the service has been completed.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intangible assets are amortized on straight line basis over 10 years
The current energy situation in the market has presented some challenges to the business. The director do not expect the effect of this energy crisis to significantly impact future of the entity. Therefore, the going concern assumption is still appropriate.
Trainmaster Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
3,449
10,313
13,762
At 31 May 2023
4,058
10,313
14,371
At 1 June 2022
2,362
7,734
10,096
Charge for the year
1,015
2,578
3,593
At 31 May 2023
3,377
10,312
13,689
At 31 May 2022
1,087
2,579
3,666
Amounts falling due within one year
Accrued income and prepayments
351
-
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,000
2,000
Taxes and social security
-
704
Trainmaster Limited
Notes to the Accounts
for the year ended 31 May 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan account transactions
(753)
312
315
(756)
Director loan credit balances are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).