1 October 2022 false No description of principal activity Taxfiler 2024.1 SC444506business:PrivateLimitedCompanyLtd2022-10-012023-09-30 SC4445062022-09-30 SC4445062022-10-012023-09-30 SC444506business:AuditExempt-NoAccountantsReport2022-10-012023-09-30 SC444506business:FilletedAccounts2022-10-012023-09-30 SC4445062023-09-30 SC444506business:Director12022-10-012023-09-30 SC444506business:Director22022-10-012023-09-30 SC444506business:RegisteredOffice2022-10-012023-09-30 SC4445062022-09-30 SC444506core:WithinOneYear2023-09-30 SC444506core:WithinOneYear2022-09-30 SC444506core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC444506core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 SC444506core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC444506core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 SC444506core:PreviouslyStatedAmount2023-09-30 SC444506core:PreviouslyStatedAmount2022-09-30 SC444506business:SmallEntities2022-10-012023-09-30 SC444506countries:Scotland2022-10-012023-09-30 SC444506core:PlantMachinery2022-10-012023-09-30 SC444506core:FurnitureFittings2022-10-012023-09-30 SC444506core:ComputerEquipment2022-10-012023-09-30 SC444506core:Goodwill2022-09-30 SC444506core:Goodwill2023-09-30 SC444506core:Goodwill2022-10-012023-09-30 SC444506core:LandBuildings2022-09-30 SC444506core:PlantMachinery2022-09-30 SC444506core:FurnitureFittings2022-09-30 SC444506core:ComputerEquipment2022-09-30 SC444506core:LandBuildings2022-10-012023-09-30 SC444506core:LandBuildings2023-09-30 SC444506core:PlantMachinery2023-09-30 SC444506core:FurnitureFittings2023-09-30 SC444506core:ComputerEquipment2023-09-30 SC444506core:AcceleratedTaxDepreciationDeferredTax2023-09-30 SC444506core:AcceleratedTaxDepreciationDeferredTax2022-09-30 SC4445062021-09-30 SC4445062021-10-012022-09-30 SC444506business:OrdinaryShareClass12022-10-012023-09-30 SC444506business:OrdinaryShareClass12021-10-012022-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC444506 (Scotland)
The Wee Train Ltd Unaudited accounts for the year ended 30 September 2023
The Wee Train Ltd Unaudited accounts Contents
Page
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The Wee Train Ltd Company Information for the year ended 30 September 2023
Directors
A.C. McClelland G.H. McClelland
Company Number
SC444506 (Scotland)
Registered Office
5 Bentinck Street Galston Ayrshire KA4 8HT
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The Wee Train Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,497 
4,164 
Tangible assets
9,341 
7,862 
12,838 
12,026 
Current assets
Debtors
2,579 
4,622 
Cash at bank and in hand
31,371 
41,049 
33,950 
45,671 
Creditors: amounts falling due within one year
(29,676)
(25,767)
Net current assets
4,274 
19,904 
Total assets less current liabilities
17,112 
31,930 
Provisions for liabilities
Deferred tax
(929)
(648)
Net assets
16,183 
31,282 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
16,181 
31,280 
Shareholders' funds
16,183 
31,282 
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by
A.C. McClelland Director Company Registration No. SC444506
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The Wee Train Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
The Wee Train Ltd is a private company, limited by shares, registered in Scotland, registration number SC444506. The registered office is 5 Bentinck Street, Galston, Ayrshire, KA4 8HT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition in 2013, is amortised evenly over its estimated life of 15 years.
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
20%
Fixtures & fittings
20%
Computer equipment
20%
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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The Wee Train Ltd Notes to the Accounts for the year ended 30 September 2023
Government grants
Government grant in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2022
10,000 
At 30 September 2023
10,000 
Amortisation
At 1 October 2022
5,836 
Charge for the year
667 
At 30 September 2023
6,503 
Net book value
At 30 September 2023
3,497 
At 30 September 2022
4,164 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2022
4,450 
18,561 
18,522 
560 
42,093 
Additions
- 
2,125 
758 
- 
2,883 
At 30 September 2023
4,450 
20,686 
19,280 
560 
44,976 
Depreciation
At 1 October 2022
- 
15,348 
18,325 
558 
34,231 
Charge for the year
- 
1,130 
274 
- 
1,404 
At 30 September 2023
- 
16,478 
18,599 
558 
35,635 
Net book value
At 30 September 2023
4,450 
4,208 
681 
2 
9,341 
At 30 September 2022
4,450 
3,213 
197 
2 
7,862 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,188 
4,231 
Other debtors
391 
391 
2,579 
4,622 
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The Wee Train Ltd Notes to the Accounts for the year ended 30 September 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
3,384 
1,439 
Taxes and social security
8,058 
9,947 
Other creditors
60 
649 
Loans from directors
13,603 
9,227 
Accruals
4,571 
4,505 
29,676 
25,767 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
929 
648 
2023 
2022 
£ 
£ 
Provision at start of year
648 
747 
Charged/(credited) to the profit and loss account
281 
(99)
Provision at end of year
929 
648 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Loans to directors
A.C. McClelland introduced capital of £360 during the year. At the year end, the company has an outstanding liability of £4,020 due to Mr McClelland (2022 - £2,660). G.H. McClelland introduced capital of £2,016 during the year. At the year end, the company has an outstanding liability of £9,583 due to Mrs McClelland (2022 - £6,567).
11
Average number of employees
During the year the average number of employees was 11 (2022: 11).
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