Railway Competence Group Limited Filleted Accounts Cover
Railway Competence Group Limited
Company No. 11758389
Information for Filing with The Registrar
31 December 2023
Railway Competence Group Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the year under review was Other transportation support activities.
Directors
The Directors who served at any time during the year were as follows:
R.A. Boyle
D.A. Mindurski
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
R.A. Boyle
Director
04 March 2024
Railway Competence Group Limited Balance Sheet Registrar
at
31 December 2023
Company No.
11758389
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
5,4744,533
5,4744,533
Current assets
Debtors
5
29,08438,358
Cash at bank and in hand
187,08095,924
216,164134,282
Creditors: Amount falling due within one year
6
(79,495)
(36,611)
Net current assets
136,66997,671
Total assets less current liabilities
142,143102,204
Creditors: Amounts falling due after more than one year
7
(31,318)
(35,361)
Net assets
110,82566,843
Capital and reserves
Called up share capital
100100
Profit and loss account
8
110,72566,743
Total equity
110,82566,843
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 04 March 2024 and signed on its behalf by:
R.A. Boyle
Director
04 March 2024
Railway Competence Group Limited Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Railway Competence Group Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11758389
Its registered office is:
Albion Wharf
19 Albion Street
Manchester
M1 5LN
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Reducing Balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term 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.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
105
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 January 2023
9,1009,100
Additions
2,7652,765
At 31 December 2023
11,86511,865
Depreciation
At 1 January 2023
4,5674,567
Charge for the year
1,8241,824
At 31 December 2023
6,3916,391
Net book values
At 31 December 2023
5,4745,474
At 31 December 2022
4,533
4,533
5
Debtors
2023
2022
£
£
Trade debtors
20,94219,520
VAT recoverable
677167
Other debtors
1,39013,366
Prepayments and accrued income
6,0755,305
29,08438,358
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
6,9036,903
Trade creditors
10,4257,277
Taxes and social security
59,513
21,833
Loans from directors
692-
Other creditors
1,46398
Accruals and deferred income
499500
79,49536,611
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
31,31835,361
31,31835,361
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
Railway Competence Group Limited1175838931 December 202301 January 2023false04 March 2024BTCSoftware AP Solution 2023 10.4.2010.4.20true117583892023-01-012023-12-31117583892023-12-31117583892022-12-3111758389core:WithinOneYear2023-12-3111758389core:WithinOneYear2022-12-3111758389core:AfterOneYear2023-12-3111758389core:AfterOneYear2022-12-3111758389core:ShareCapital2023-12-3111758389core:ShareCapital2022-12-3111758389core:RetainedEarningsAccumulatedLosses2023-12-3111758389core:RetainedEarningsAccumulatedLosses2022-12-3111758389countries:UnitedKingdom2023-01-012023-12-3111758389bus:RegisteredOffice2023-01-012023-12-3111758389core:FurnitureFittingsToolsEquipment2023-01-012023-12-31117583892022-01-012022-12-3111758389core:FurnitureFittingsToolsEquipment2023-01-01117583892023-01-0111758389core:FurnitureFittingsToolsEquipment2023-12-3111758389core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3111758389bus:SmallEntities2023-01-012023-12-3111758389bus:FullAccounts2023-01-012023-12-3111758389bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3111758389bus:Director12023-01-012023-12-3111758389bus:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:pure