Registered number
08579008
TPH Rail Consulting Limited
Filleted Accounts
30 June 2023
TPH Rail Consulting Limited
Registered number: 08579008
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,578 2,104
Current assets
Debtors 4 4,332 19,949
Cash at bank and in hand 182,542 253,790
186,874 273,739
Creditors: amounts falling due within one year 5 (1,546) (3,021)
Net current assets 185,328 270,718
Total assets less current liabilities 186,906 272,822
Provisions for liabilities (300) (400)
Net assets 186,606 272,422
Capital and reserves
Called up share capital 10 10
Profit and loss account 186,596 272,412
Shareholder's funds 186,606 272,422
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tom Hill
Director
Approved by the board on 10 February 2024
TPH Rail Consulting Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 6,873
At 30 June 2023 6,873
Depreciation
At 1 July 2022 4,769
Charge for the year 526
At 30 June 2023 5,295
Net book value
At 30 June 2023 1,578
At 30 June 2022 2,104
4 Debtors 2023 2022
£ £
Trade debtors - 15,547
Taxation debtor 3,937 3,937
Other debtors 395 465
4,332 19,949
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 633 2,092
Other creditors 913 929
1,546 3,021
6 Related party transactions
The company director received dividends of £33,000 during the financial year. (2022 - £37,250)
7 Other information
TPH Rail Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
32 The Avenue
Ickenham
Middlesex
UB10 8NP
TPH Rail Consulting Limited 08579008 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 release 2 Tom Hill No description of principal activity 08579008 2021-07-01 2022-06-30 08579008 core:WithinOneYear 2022-06-30 08579008 core:ShareCapital 2022-06-30 08579008 core:RetainedEarningsAccumulatedLosses 2022-06-30 08579008 2022-07-01 2023-06-30 08579008 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08579008 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 08579008 bus:Director40 2022-07-01 2023-06-30 08579008 1 2022-07-01 2023-06-30 08579008 2 2022-07-01 2023-06-30 08579008 core:PlantMachinery 2022-07-01 2023-06-30 08579008 countries:England 2022-07-01 2023-06-30 08579008 bus:FRS102 2022-07-01 2023-06-30 08579008 bus:FullAccounts 2022-07-01 2023-06-30 08579008 2023-06-30 08579008 core:WithinOneYear 2023-06-30 08579008 core:ShareCapital 2023-06-30 08579008 core:RetainedEarningsAccumulatedLosses 2023-06-30 08579008 core:PlantMachinery 2023-06-30 08579008 2022-06-30 08579008 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure