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REGISTERED NUMBER: 08371909 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

FOR

TRACTION RAIL ELECTRICAL LIMITED

TRACTION RAIL ELECTRICAL LIMITED (REGISTERED NUMBER: 08371909)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRACTION RAIL ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023







DIRECTOR: M G Lucas





REGISTERED OFFICE: 409-411 Croydon Road
Beckenham
BR3 3PP





REGISTERED NUMBER: 08371909 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

TRACTION RAIL ELECTRICAL LIMITED (REGISTERED NUMBER: 08371909)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,570 29,746

CURRENT ASSETS
Debtors 5 318,326 130,122
Cash at bank 754,672 447,860
1,072,998 577,982
CREDITORS
Amounts falling due within one year 6 328,803 124,037
NET CURRENT ASSETS 744,195 453,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,765

483,691

CREDITORS
Amounts falling due after more than one
year

7

-

(4,901

)

PROVISIONS FOR LIABILITIES (392 ) (5,651 )
NET ASSETS 745,373 473,139

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 745,371 473,137
745,373 473,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TRACTION RAIL ELECTRICAL LIMITED (REGISTERED NUMBER: 08371909)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 29 April 2024 and were signed by:





M G Lucas - Director


TRACTION RAIL ELECTRICAL LIMITED (REGISTERED NUMBER: 08371909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Traction Rail Electrical 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licence and franchise fees has been fully amortised in the current year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

TRACTION RAIL ELECTRICAL LIMITED (REGISTERED NUMBER: 08371909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 92,778 229,850 16,343 338,971
Additions 468 - - 468
Disposals (47,929 ) - (4,520 ) (52,449 )
Transfer to ownership - (1 ) - (1 )
At 31 December 2023 45,317 229,849 11,823 286,989
DEPRECIATION
At 1 February 2023 80,869 215,401 12,955 309,225
Charge for period 11,254 14,448 2,941 28,643
Eliminated on disposal (47,929 ) - (4,520 ) (52,449 )
At 31 December 2023 44,194 229,849 11,376 285,419
NET BOOK VALUE
At 31 December 2023 1,123 - 447 1,570
At 31 January 2023 11,909 14,449 3,388 29,746

TRACTION RAIL ELECTRICAL LIMITED (REGISTERED NUMBER: 08371909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 143,686
Transfer to ownership (103,593 )
At 31 December 2023 40,093
DEPRECIATION
At 1 February 2023 133,665
Charge for period 10,021
Transfer to ownership (103,593 )
At 31 December 2023 40,093
NET BOOK VALUE
At 31 December 2023 -
At 31 January 2023 10,021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 194,630 89,309
Other debtors 123,696 40,813
318,326 130,122

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Hire purchase contracts 5,866 20,244
Trade creditors 225,282 48,258
Taxation and social security 36,728 7,299
Other creditors 60,927 48,236
328,803 124,037

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Hire purchase contracts - 4,901

8. TRANSACTIONS WITH DIRECTORS

During the period, the company voted dividends to the director of £31,940.

TRACTION RAIL ELECTRICAL LIMITED (REGISTERED NUMBER: 08371909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 31 DECEMBER 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M G Lucas.