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Registered Number: SC543125
Scotland

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 March 2023

for

ASSENTA RAIL LIMITED

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 129,581  108,623 
Current assets 208,772  133,829 
Creditors: amount falling due within one year (107,940) (149,193)
Net current assets 100,832  (15,364)
Total assets less current liabilities 230,413  93,259 
Creditors: amount falling due after more than one year (32,390) (42,094)
Provisions for liabilities (976) (976)
Net assets 197,047  50,189 
 
Capital and reserves 197,047  50,189 
 
  1. For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Jonathan Mcintosh
Director

Date approved: 29 March 2024
1
Statutory Information
ASSENTA RAIL LIMITED is a private limited company, limited by shares, domiciled in Scotland, registration number SC543125, registration address 30 Bonnington Bond Suite 30 Bonnington Bond, Anderson Place, Edinburgh, Scotland, EH6 5NP.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery20% Reducing Balance
Motor Vehicles10% Reducing Balance
Computer Equipment10% Reducing Balance
Office Equipment10% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Office Equipment   Total
  £   £   £   £   £
At 01 April 2022 130,079    1,269    1,465    3,667    136,480 
Additions 52,587      166      52,753 
Disposals        
At 31 March 2023 182,666    1,269    1,631    3,667    189,233 
Depreciation
At 01 April 2022 26,094    127    146    1,490    27,857 
Charge for year 31,315    114    149    217    31,795 
On disposals        
At 31 March 2023 57,409    241    295    1,707    59,652 
Net book values
Closing balance as at 31 March 2023 125,257    1,028    1,336    1,960    129,581 
Opening balance as at 01 April 2022 103,985    1,142    1,319    2,177    108,623 

3.

Average number of employees

Average number of employees during the year was 4  (2022: 4).
2