Railmeasurement Limited
Registered number: 06005580
Balance Sheet
at 30 November 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 25,000 139,950
Cash at bank and in hand 25,132 1,049
50,132 140,999
Creditors: amounts falling due within one year 4 (47,738) (61,144)
Net current assets 2,394 79,855
Net assets 2,394 79,855
Capital and reserves
Called up share capital 10 10
Share premium 10 10
Profit and loss account 2,374 79,835
Shareholder's funds 2,394 79,855
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.
Dr Stuart Liddle Grassie
Director
Approved by the board on 8 March 2024
Railmeasurement Limited
Notes to the Financial Statements
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£).
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 rendering of services and is recognised by reference to the stage of completion of the contract.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.
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 recognised at the spot rate at the dates of the transactions, or at an average rate where this rate approximates the actual rate at the date of the transaction. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Nonmonetary items that are measured in terms of historical cost in a foreign currency are not retranslated.
Exchange differences are recognised in the profit and loss account in the period in which they arise.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Other debtors - 75,000
Prepayments and accrued income 25,000 64,950
25,000 139,950
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 21,279 20,789
Owed to connected company 21,229 24,229
Taxation and social security costs 2,279 24
Other creditors 1,439 1,439
Accruals and deferred income 1,512 14,663
47,738 61,144
5 Other information
Railmeasurement Limited is a private company limited by shares and incorporated in England. Its registered office is:
79 River Lane
Cambridge
CB5 8HP
Railmeasurement Limited 06005580 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts October 2023 release 2 Dr Stuart Liddle Grassie No description of principal activity 06005580 2021-12-01 2022-11-30 06005580 core:WithinOneYear 2022-11-30 06005580 core:ShareCapital 2022-11-30 06005580 core:SharePremium 2022-11-30 06005580 core:RetainedEarningsAccumulatedLosses 2022-11-30 06005580 2022-12-01 2023-11-30 06005580 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06005580 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06005580 bus:Director40 2022-12-01 2023-11-30 06005580 1 2022-12-01 2023-11-30 06005580 2 2022-12-01 2023-11-30 06005580 countries:England 2022-12-01 2023-11-30 06005580 bus:FRS102 2022-12-01 2023-11-30 06005580 bus:FullAccounts 2022-12-01 2023-11-30 06005580 2023-11-30 06005580 core:WithinOneYear 2023-11-30 06005580 core:ShareCapital 2023-11-30 06005580 core:SharePremium 2023-11-30 06005580 core:RetainedEarningsAccumulatedLosses 2023-11-30 06005580 2022-11-30 iso4217:GBP xbrli:pure