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Company Registration No. 09532214 (England and Wales)
L & B Rail Executive Limited Unaudited accounts for the year ended 31 March 2024
L & B Rail Executive Limited Unaudited accounts Contents
Page
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L & B Rail Executive Limited Company Information for the year ended 31 March 2024
Directors
Lorraine Margaret Ward David John Ward
Company Number
09532214 (England and Wales)
Registered Office
6 Ebb Fishermans Beach Hythe Kent CT21 6FN United Kingdom
Accountants
Sankey Bookkeeping & Accountancy Ltd Sankey Cottage Orgarswick Farm Lane Burmarsh Kent TN29 0HX
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L & B Rail Executive Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,186 
20,036 
Current assets
Debtors
74,207 
60,621 
Cash at bank and in hand
2,692 
7,980 
76,899 
68,601 
Creditors: amounts falling due within one year
(76,391)
(60,598)
Net current assets
508 
8,003 
Total assets less current liabilities
18,694 
28,039 
Creditors: amounts falling due after more than one year
(18,271)
(27,458)
Net assets
423 
581 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
323 
481 
Shareholders' funds
423 
581 
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 26 August 2024 and were signed on its behalf by
David John Ward Director Company Registration No. 09532214
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L & B Rail Executive Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
L & B Rail Executive Limited is a private company, limited by shares, registered in England and Wales, registration number 09532214. The registered office is 6 Ebb, Fishermans Beach, Hythe, Kent, CT21 6FN, United Kingdom.
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:
Fixtures & fittings
25%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
29,319 
- 
29,319 
Additions
- 
690 
690 
At 31 March 2024
29,319 
690 
30,009 
Depreciation
At 1 April 2023
9,283 
- 
9,283 
Charge for the year
2,313 
227 
2,540 
At 31 March 2024
11,596 
227 
11,823 
Net book value
At 31 March 2024
17,723 
463 
18,186 
At 31 March 2023
20,036 
- 
20,036 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
74,207 
60,560 
Other debtors
- 
61 
74,207 
60,621 
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L & B Rail Executive Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
37,661 
10,648 
VAT
7,439 
13,712 
Trade creditors
- 
3,480 
Taxes and social security
31,291 
32,758 
76,391 
60,598 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,271 
27,458 
8
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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