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Company Registration No. 09302235 (England and Wales)
Railtech Innovations Limited Unaudited accounts for the year ended 30 November 2023
Railtech Innovations Limited Unaudited accounts Contents
Page
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Railtech Innovations Limited Company Information for the year ended 30 November 2023
Directors
Lewis Costa Stavrou Thomas Fitzgerald
Company Number
09302235 (England and Wales)
Registered Office
FIRST FLOOR 39 HIGH STREET BILLERICAY ESSEX CM12 9BA United Kingdom
Accountants
LTG Accountants Limited 39A High Street Billericay Essex CM12 9BA
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Railtech Innovations Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
101,569 
77,102 
Current assets
Inventories
28,000 
31,430 
Debtors
2,926,086 
2,742,160 
Cash at bank and in hand
797,829 
105,915 
3,751,915 
2,879,505 
Creditors: amounts falling due within one year
(779,646)
(812,790)
Net current assets
2,972,269 
2,066,715 
Total assets less current liabilities
3,073,838 
2,143,817 
Creditors: amounts falling due after more than one year
(15,833)
(25,833)
Provisions for liabilities
Deferred tax
(14,623)
(7,819)
Net assets
3,043,382 
2,110,165 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,043,282 
2,110,065 
Shareholders' funds
3,043,382 
2,110,165 
For the year ending 30 November 2023 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 28 August 2024 and were signed on its behalf by
Lewis Costa Stavrou Director Company Registration No. 09302235
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Railtech Innovations Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Railtech Innovations Limited is a private company, limited by shares, registered in England and Wales, registration number 09302235. The registered office is FIRST FLOOR, 39 HIGH STREET, BILLERICAY, ESSEX, CM12 9BA, 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:
Plant & machinery
Straight Line 25%
Motor vehicles
Straight Line 20%
Fixtures & fittings
Straight Line 25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
13,597 
112,895 
3,225 
129,717 
Additions
18,096 
38,689 
8,971 
65,756 
At 30 November 2023
31,693 
151,584 
12,196 
195,473 
Depreciation
At 1 December 2022
4,997 
45,864 
1,754 
52,615 
Charge for the year
7,923 
30,317 
3,049 
41,289 
At 30 November 2023
12,920 
76,181 
4,803 
93,904 
Net book value
At 30 November 2023
18,773 
75,403 
7,393 
101,569 
At 30 November 2022
8,600 
67,031 
1,471 
77,102 
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Railtech Innovations Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,125,967 
Accrued income and prepayments
2,255,396 
4,264 
Other debtors
8,462 
720 
2,263,858 
2,130,951 
Amounts falling due after more than one year
Accrued income and prepayments
18,676 
18,676 
Other debtors
643,552 
592,533 
662,228 
611,209 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
147,274 
(115,890)
Obligations under finance leases and hire purchase contracts
1,821 
5,335 
Trade creditors
82,451 
131,049 
Taxes and social security
393,350 
519,165 
Other creditors
7,704 
34,534 
Accruals
137,046 
228,597 
779,646 
812,790 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,833 
25,833 
The company has paid a $22,000.00 deposit on a Jetson ONE, with a further $77,000.00 due upon completion of development. This is estimated to be after October 2023.
8
Transactions with related parties
The company incurs costs billed by LKD Engineering Limited, which is controlled by Lewis Costa Stavrou. There is also an inter-company loan to LKD Engineering Limited. There is also an inter-company loan to a Portugese venture, which is controlled by the Directors of Railtech Innovations Limited.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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