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Company Registration No. 11256387 (England and Wales)
TIMPDON MINIATURE RAILWAY COMPANY LTD Unaudited accounts for the year ended 31 March 2024
TIMPDON MINIATURE RAILWAY COMPANY LTD Unaudited accounts Contents
Page
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TIMPDON MINIATURE RAILWAY COMPANY LTD Company Information for the year ended 31 March 2024
Directors
L Oxley C Mackenzie
Company Number
11256387 (England and Wales)
Registered Office
5 Carlin Gate Timperely Altrincham WA15 7SL
Accountants
Stoney Philbin & Company Limited 7 High Street Chapel-en-le-Frith High Peak SK23 0HD
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of TIMPDON MINIATURE RAILWAY COMPANY LTD for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TIMPDON MINIATURE RAILWAY COMPANY LTD for the year ended 31 March 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Stoney Philbin & Company Limited Chartered Certified Accountants 7 High Street Chapel-en-le-Frith High Peak SK23 0HD 4 July 2024
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TIMPDON MINIATURE RAILWAY COMPANY LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
68,632 
52,596 
Current assets
Inventories
4,225 
4,580 
Debtors
4,087 
435 
Cash at bank and in hand
5,665 
5,464 
13,977 
10,479 
Creditors: amounts falling due within one year
(15,005)
(13,081)
Net current liabilities
(1,028)
(2,602)
Net assets
67,604 
49,994 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
67,504 
49,894 
Shareholders' funds
67,604 
49,994 
For the year 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 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 17 July 2024 and were signed on its behalf by
L Oxley Director Company Registration No. 11256387
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TIMPDON MINIATURE RAILWAY COMPANY LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
TIMPDON MINIATURE RAILWAY COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 11256387. The registered office is 5 Carlin Gate, Timperely, Altrincham, WA15 7SL.
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.
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
5% Reducing Balance & 20% Reducing Balance
Computer equipment
20% Reducing Balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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TIMPDON MINIATURE RAILWAY COMPANY LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
70,435 
- 
70,435 
Additions
21,500 
1,832 
23,332 
At 31 March 2024
91,935 
1,832 
93,767 
Depreciation
At 1 April 2023
17,839 
- 
17,839 
Charge for the year
6,930 
366 
7,296 
At 31 March 2024
24,769 
366 
25,135 
Net book value
At 31 March 2024
67,166 
1,466 
68,632 
At 31 March 2023
52,596 
- 
52,596 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,087 
- 
Amounts falling due after more than one year
Trade debtors
- 
435 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,099 
- 
Taxes and social security
2,246 
5,502 
Loans from directors
8,440 
6,359 
Accruals
1,220 
1,220 
15,005 
13,081 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 8 (2023: 6).
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