THE MID-NORFOLK RAILWAY (TRADING) LTD

Company Registration Number:
10731804 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

THE MID-NORFOLK RAILWAY (TRADING) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

THE MID-NORFOLK RAILWAY (TRADING) LTD

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Political and charitable donations

During the year the company made a charitable donation to the Mid Norfolk Railway Preservation Trust amounting to £739,197(2022 £508,500) under the Gift Aid Scheme



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

James Oakley
Charles Robinson


The director shown below has held office during the period of
1 January 2023 to 8 December 2023

Stephen Kemp


The director shown below has held office during the period of
1 January 2023 to 16 September 2023

Brian Gratton


The director shown below has held office during the period of
1 January 2023 to 10 February 2023

George Saville


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 July 2024

And signed on behalf of the board by:
Name: Charles Robinson
Status: Director

THE MID-NORFOLK RAILWAY (TRADING) LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 1,854,579 1,607,957
Cost of sales: ( 949,418 ) ( 931,648 )
Gross profit(or loss): 905,161 676,309
Administrative expenses: ( 873,959 ) ( 646,406 )
Operating profit(or loss): 31,202 29,903
Interest receivable and similar income: 1,984 0
Interest payable and similar charges: ( 33,186 ) ( 27,050 )
Profit(or loss) before tax: 0 2,853
Tax: 0 ( 1,292 )
Profit(or loss) for the financial year: 0 1,561

THE MID-NORFOLK RAILWAY (TRADING) LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Stocks: 3 7,634 17,522
Debtors: 4 67,776 48,759
Cash at bank and in hand: 822,706 644,937
Total current assets: 898,116 711,218
Creditors: amounts falling due within one year: 5 ( 896,303 ) ( 709,405 )
Net current assets (liabilities): 1,813 1,813
Total assets less current liabilities: 1,813 1,813
Total net assets (liabilities): 1,813 1,813
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,713 1,713
Total Shareholders' funds: 1,813 1,813

The notes form part of these financial statements

THE MID-NORFOLK RAILWAY (TRADING) LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 11 July 2024
and signed on behalf of the board by:

Name: Charles Robinson
Status: Director

The notes form part of these financial statements

THE MID-NORFOLK RAILWAY (TRADING) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant & machinery etc - 33% on cost and 20% on reducing balance

    Other accounting policies

    Stocks Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

THE MID-NORFOLK RAILWAY (TRADING) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

THE MID-NORFOLK RAILWAY (TRADING) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Stocks

2023 2022
£ £
Stocks 7,634 17,522
Total 7,634 17,522

THE MID-NORFOLK RAILWAY (TRADING) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Other debtors 67,776 48,759
Total 67,776 48,759

THE MID-NORFOLK RAILWAY (TRADING) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 70 0
Trade creditors 91,894 73,752
Taxation and social security 1,292 1,292
Other creditors 803,047 634,361
Total 896,303 709,405