Acorah Software Products - Accounts Production 15.0.600 false true false 22 March 2023 31 March 2024 31 March 2024 14750068 Benjamin Orton Jacqueline Green John Glover Geoffrey Garfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14750068 2023-03-21 14750068 2024-03-31 14750068 2023-03-22 2024-03-31 14750068 frs-core:CurrentFinancialInstruments 2024-03-31 14750068 frs-core:ShareCapital 2024-03-31 14750068 frs-bus:PrivateLimitedCompanyLtd 2023-03-22 2024-03-31 14750068 frs-bus:FilletedAccounts 2023-03-22 2024-03-31 14750068 frs-bus:SmallEntities 2023-03-22 2024-03-31 14750068 frs-bus:AuditExempt-NoAccountantsReport 2023-03-22 2024-03-31 14750068 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-22 2024-03-31 14750068 frs-bus:Director1 2023-03-22 2024-03-31 14750068 frs-bus:Director2 2023-03-22 2024-03-31 14750068 frs-bus:Director3 2023-03-22 2024-03-31 14750068 frs-bus:Director4 2023-03-22 2024-03-31 14750068 frs-countries:EnglandWales 2023-03-22 2024-03-31
Registered number: 14750068
WSRA Steam Rally Ltd
Unaudited Financial Statements
For the Period 22 March 2023 to 31 March 2024
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14750068
31 March 2024
Notes £ £
CURRENT ASSETS
Debtors 4 9,867
Cash at bank and in hand 71,001
80,868
Creditors: Amounts Falling Due Within One Year 5 (80,768 )
NET CURRENT ASSETS (LIABILITIES) 100
TOTAL ASSETS LESS CURRENT LIABILITIES 100
NET ASSETS 100
CAPITAL AND RESERVES
Called up share capital 6 100
SHAREHOLDERS' FUNDS 100
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For the period ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Geoffrey Garfield
Director
22/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
WSRA Steam Rally Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14750068 . The registered office is The Railway Station, Station Road, Bishops Lydeard, Somerset, TA4 3BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
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4. Debtors
31 March 2024
£
Due within one year
Trade debtors 290
Other debtors 9,577
9,867
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5. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Amounts owed to participating interests 75,233
Other creditors 5,535
80,768
6. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
7. Related Party Transactions
The company is controlled by its parent undertaking, West Somerset Railway Association, a charitable company registered in England and Wales (company no. 02968284, charity no. 1041901) which owns all the issued share capital. During the year the charity invoiced the trading subsidiary £6,000 for staff, land and equipment hire for the Steam Rally event. WSRA Steam Rally Ltd distributed profits of £26,956 to the charity. At 31 March 2024, the trading subsidiary owed £67,603 to the charity.
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