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REGISTERED NUMBER: 03539915 (England and Wales)










Financial Statements for the Period 1 January 2023 to 31 March 2024

for

Sussex Rail Limited

Sussex Rail Limited (Registered number: 03539915)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Sussex Rail Limited

Company Information
for the Period 1 January 2023 to 31 March 2024







DIRECTORS: T A Smith
Mrs L E Smith





SECRETARY: Mrs L E Smith





REGISTERED OFFICE: India 1
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR





REGISTERED NUMBER: 03539915 (England and Wales)





ACCOUNTANTS: Wood & Associates LLP
Chartered Certified Accountants
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR

Sussex Rail Limited (Registered number: 03539915)

Balance Sheet
31 March 2024

31.3.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 10,586

CURRENT ASSETS
Stocks - 90
Debtors 5 19,095 1,061
Cash at bank and in hand 24,821 140,178
43,916 141,329
CREDITORS
Amounts falling due within one year 6 4,120 9,422
NET CURRENT ASSETS 39,796 131,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,796

142,493

PROVISIONS FOR LIABILITIES 7 - 2,011
NET ASSETS 39,796 140,482

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 39,596 140,282
SHAREHOLDERS' FUNDS 39,796 140,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Sussex Rail Limited (Registered number: 03539915)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:





T A Smith - Director


Sussex Rail Limited (Registered number: 03539915)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Sussex Rail Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred 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 or deferred 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 tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Sussex Rail Limited (Registered number: 03539915)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 29,378 3,010 42,985 4,699 80,072
Disposals (29,378 ) (3,010 ) (42,985 ) (4,699 ) (80,072 )
At 31 March 2024 - - - - -
DEPRECIATION
At 1 January 2023 21,352 2,845 40,867 4,422 69,486
Charge for period 1,203 24 530 271 2,028
Eliminated on disposal (22,555 ) (2,869 ) (41,397 ) (4,693 ) (71,514 )
At 31 March 2024 - - - - -
NET BOOK VALUE
At 31 March 2024 - - - - -
At 31 December 2022 8,026 165 2,118 277 10,586

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade debtors 8,230 -
Other debtors 10,865 1,061
19,095 1,061

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Taxation and social security 2,506 7,726
Other creditors 1,614 1,696
4,120 9,422

7. PROVISIONS FOR LIABILITIES
31.3.24 31.12.22
£    £   
Deferred tax - 2,011

Sussex Rail Limited (Registered number: 03539915)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 2,011
Decrease in capital allowances
in excess of depreciation (2,011 )
Balance at 31 March 2024 -

8. CALLED UP SHARE CAPITAL

Nominal Issued 2024 2022
value: £    £   

A Ordinary £1 102 102 102
B Ordinary £1 56 56 56
C Ordinary £1 32 32 32
D Ordinary £1 10 10 10
200 200



9. RESERVES
Retained
earnings
£   

At 1 January 2023 140,282
Deficit for the period (68,846 )
Dividends (31,840 )
At 31 March 2024 39,596

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £31,840 (2022 - £23,880) were paid to the directors .

The company was controlled throughout the current and previous year by the director Mr T A Smith.

As at 31 March 2024, Mr T A Smith was owed £5 (2022 - £293) by the company and his wife was owed £5 (2022 - £320).

.

Sussex Rail Limited

Report of the Accountants to the Directors of
Sussex Rail Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2024 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wood & Associates LLP
Chartered Certified Accountants
Maritime House
Basin Road North
Hove
East Sussex
BN41 1WR


24 April 2024