Cox Rail Consulting Limited
Company Registration No. 11003435 (England And Wales)
Unaudited Financial Statements
Year Ended 31 October 2023
COX RAIL CONSULTING LIMITED
Cox Rail Consulting Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
COX RAIL CONSULTING LIMITED
Cox Rail Consulting Limited
COMPANY INFORMATION
Director
Mr A Cox
Company number
11003435
Registered office
106 Colleys Lane
Willaston
Nantwich
Cheshire
CW5 6NT
Accountants
WR Partners
6 George House
Beam Heath Way
Nantwich
Cheshire
CW5 6GD
Business address
106 Colleys Lane
Willaston
Nantwich
Cheshire
CW5 6NT
COX RAIL CONSULTING LIMITED
Cox Rail Consulting Limited
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
1,023
Tangible assets
4
16,426
1,618
16,426
2,641
Current assets
Debtors
5
77,038
111,626
Cash at bank and in hand
45,703
16,674
122,741
128,300
Creditors: amounts falling due within one year
6
(26,420)
(26,498)
Net current assets
96,321
101,802
Net assets
112,747
104,443
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
112,647
104,343
Total equity
112,747
104,443

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

COX RAIL CONSULTING LIMITED
Cox Rail Consulting Limited
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2023
31 October 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 29 July 2024
2024-07-29
Mr A Cox
Director
Company registration number 11003435 (England and Wales)
COX RAIL CONSULTING LIMITED
Cox Rail Consulting Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
1
Accounting policies
Company information

Cox Rail Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 106 Colleys Lane, Willaston, Nantwich, Cheshire, CW5 6NT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
20% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

COX RAIL CONSULTING LIMITED
Cox Rail Consulting Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

COX RAIL CONSULTING LIMITED
Cox Rail Consulting Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Intangible fixed assets
Software
£
Cost
At 1 November 2022 and 31 October 2023
5,117
Amortisation and impairment
At 1 November 2022
4,094
Amortisation charged for the year
1,023
At 31 October 2023
5,117
Carrying amount
At 31 October 2023
-
0
At 31 October 2022
1,023
COX RAIL CONSULTING LIMITED
Cox Rail Consulting Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 6 -
4
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2022
1,271
1,799
-
0
3,070
Additions
-
0
-
0
20,283
20,283
At 31 October 2023
1,271
1,799
20,283
23,353
Depreciation and impairment
At 1 November 2022
790
662
-
0
1,452
Depreciation charged in the year
120
284
5,071
5,475
At 31 October 2023
910
946
5,071
6,927
Carrying amount
At 31 October 2023
361
853
15,212
16,426
At 31 October 2022
481
1,137
-
0
1,618
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
19,500
-
0
Other debtors
57,538
87,926
Prepayments and accrued income
-
0
23,700
77,038
111,626
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
24,597
24,728
Accruals and deferred income
1,823
1,770
26,420
26,498
COX RAIL CONSULTING LIMITED
Cox Rail Consulting Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 7 -
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
8
Directors' transactions

At the year end the Director owed the Company £43,019 (2022: £73,688), which is repayable on demand.

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