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
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
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
TIMPDON MINIATURE RAILWAY COMPANY LTD
Statement of financial position
as at 31 March 2024
Tangible assets
68,632
52,596
Cash at bank and in hand
5,665
5,464
Creditors: amounts falling due within one year
(15,005)
(13,081)
Net current liabilities
(1,028)
(2,602)
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
TIMPDON MINIATURE RAILWAY COMPANY LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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.
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
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
At 31 March 2024
67,166
1,466
68,632
At 31 March 2023
52,596
-
52,596
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,246
5,502
Loans from directors
8,440
6,359
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).