4 false false false false false false false false false false true false false false false true true No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 02852735 2023-01-01 2023-12-31 02852735 2023-12-31 02852735 2022-12-31 02852735 2022-01-01 2022-12-31 02852735 2022-12-31 02852735 2021-12-31 02852735 bus:Director12 2023-01-01 2023-12-31 02852735 core:PlantMachinery 2022-12-31 02852735 core:LandBuildings 2023-12-31 02852735 core:PlantMachinery 2023-12-31 02852735 core:WithinOneYear 2023-12-31 02852735 core:WithinOneYear 2022-12-31 02852735 core:ShareCapital 2023-12-31 02852735 core:ShareCapital 2022-12-31 02852735 core:SharePremium 2023-12-31 02852735 core:SharePremium 2022-12-31 02852735 core:RevaluationReserve 2023-12-31 02852735 core:RevaluationReserve 2022-12-31 02852735 core:OtherReservesSubtotal 2023-12-31 02852735 core:OtherReservesSubtotal 2022-12-31 02852735 core:RetainedEarningsAccumulatedLosses 2023-12-31 02852735 core:RetainedEarningsAccumulatedLosses 2022-12-31 02852735 core:PlantMachinery 2023-01-01 2023-12-31 02852735 core:LandBuildings 2022-12-31 02852735 core:PlantMachinery 2022-12-31 02852735 bus:SmallEntities 2023-01-01 2023-12-31 02852735 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02852735 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02852735 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02852735 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 02852735
The Edington Station Yard Limited
Filleted Unaudited Financial Statements
31 December 2023
The Edington Station Yard Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
940,634
940,713
Current assets
Debtors
6
37,081
42,908
Investments
7
150,000
Cash at bank and in hand
328,058
363,101
---------
---------
515,139
406,009
Creditors: amounts falling due within one year
8
144,375
94,744
---------
---------
Net current assets
370,764
311,265
------------
------------
Total assets less current liabilities
1,311,398
1,251,978
Provisions
Taxation including deferred tax
18,170
18,185
------------
------------
Net assets
1,293,228
1,233,793
------------
------------
Capital and reserves
Called up share capital
116,300
116,300
Share premium account
48,900
48,900
Fair Value reserve
595,804
595,804
Repairs & Maintenance reserve
100,000
100,000
Profit and loss account
432,224
372,789
------------
------------
Shareholders funds
1,293,228
1,233,793
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Edington Station Yard Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 15 March 2024 , and are signed on behalf of the board by:
Mr P Threlfall
Director
Company registration number: 02852735
The Edington Station Yard Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise House, Timbrell Street, Trowbridge, Wiltshire, BA14 8PL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Trade debtors
Trade debtors are amounts due from clients for rent and services provided in the ordinary course of business. Trade debtors are recognised at the transaction price.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised at the transaction price.
Share capital
Ordinary shares and Ordinary B shares are classified as equity. Equity instruments are measured at the fair value of the cash received.
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
10% on cost
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: Nil).
5. Tangible assets
Investment Property (Freehold)
Equipment
Total
£
£
£
Valuation/Cost
At 1 January 2023 and 31 December 2023
940,000
3,040
943,040
---------
-------
---------
Depreciation
At 1 January 2023
2,327
2,327
Charge for the year
79
79
---------
-------
---------
At 31 December 2023
2,406
2,406
---------
-------
---------
Carrying amount
At 31 December 2023
940,000
634
940,634
---------
-------
---------
At 31 December 2022
940,000
713
940,713
---------
-------
---------
An independent valuation was carried out on 20 November 2018 by Mr G James MRICS FAAV(Partner) and Mr A Percy MRICS(Surveyor)RICS Registered Valuers, resulting in the market value at that date being £940,000. The historical cost of Investment Property (Freehold) is £574,598.
2023 2022
£ £
Property Historical Cost 574,598 574,598
Revaluation 365,402 365,402
--------- ---------
As above 940,000 940,000
--------- ---------
2023 2022
£ £
Revaluation as above 365,402 365,402
Depreciation written back on revaluation 230,402 230,402
--------- ---------
Revaluation reserve 595,804 595,804
--------- ---------
6. Debtors
2023
2022
£
£
Trade debtors
30,553
33,446
Other debtors
6,528
9,462
--------
--------
37,081
42,908
--------
--------
7. Investments
2023
2022
£
£
Other investments
150,000
---------
----
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
50,540
15,516
Corporation tax
22,980
17,237
Social security and other taxes
11,955
3,663
Other creditors
58,900
58,328
---------
--------
144,375
94,744
---------
--------
Other creditors include:
2023 2022
£ £
Tenants Deposits Held 34,248 36,343
Income Received in Advance 7,882 18,955
Accrued Expenses 3,170 3,030
Net Wages Payable 13,600
-------- --------
Total 58,900 58,328
-------- --------