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REGISTERED NUMBER: 03036777 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

80072 STEAM LOCOMOTIVE CO. LIMITED

80072 STEAM LOCOMOTIVE CO. LIMITED (REGISTERED NUMBER: 03036777)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


80072 STEAM LOCOMOTIVE CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: P K Evans
R J Jones
A Maxwell
A M Suckling
M J Compton
M A Smales



SECRETARY: R J Jones



REGISTERED OFFICE: 25 Grosvenor Road
Wrexham
Wrexham
LL11 1BT



REGISTERED NUMBER: 03036777 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: HSBC Bank plc
31 High Street
Caergwrle
Wrexham
LL12 9EU

80072 STEAM LOCOMOTIVE CO. LIMITED (REGISTERED NUMBER: 03036777)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 281,760 293,832

CURRENT ASSETS
Debtors 5 67,928 68,380
Cash at bank 126,123 94,846
194,051 163,226
CREDITORS
Amounts falling due within one year 6 284 267
NET CURRENT ASSETS 193,767 162,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,527

456,791

CREDITORS
Amounts falling due after more than one
year

7

8,284

8,284
NET ASSETS 467,243 448,507

CAPITAL AND RESERVES
Called up share capital 394,100 357,900
Share premium 15,095 15,095
Revaluation reserve 9 13,550 13,550
Retained earnings 44,498 61,962
467,243 448,507

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

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

The directors acknowledge their 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.

80072 STEAM LOCOMOTIVE CO. LIMITED (REGISTERED NUMBER: 03036777)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th August 2024 and were signed on its behalf by:





P K Evans - Director


80072 STEAM LOCOMOTIVE CO. LIMITED (REGISTERED NUMBER: 03036777)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

80072 Steam Locomotive Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Steam locomotive No. 80072 - 10% on cost
Support van - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

80072 STEAM LOCOMOTIVE CO. LIMITED (REGISTERED NUMBER: 03036777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Steam
locomotive Support
No. 80072 van Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 424,769 19,989 444,758
DEPRECIATION
At 1st January 2023 133,032 17,894 150,926
Charge for year 9,977 2,095 12,072
At 31st December 2023 143,009 19,989 162,998
NET BOOK VALUE
At 31st December 2023 281,760 - 281,760
At 31st December 2022 291,737 2,095 293,832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Standard 4 Trust 330 330
VAT 132 5,024
Deferred tax asset 67,466 63,026
67,928 68,380

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Accruals and deferred income 284 267

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 8,284 8,284

8. DEFERRED TAX
£   
Balance at 1st January 2023 (63,026 )
Movement in the year due to:-
changes in tax losses (4,440 )
Balance at 31st December 2023 (67,466 )

80072 STEAM LOCOMOTIVE CO. LIMITED (REGISTERED NUMBER: 03036777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

9. RESERVES
Revaluation
reserve
£   
At 1st January 2023
and 31st December 2023 13,550

10. CAPITAL COMMITMENTS
31.12.23 31.12.22
£    £   
Contracted but not provided for in the
financial statements - -

11. RELATED PARTY DISCLOSURES

At the year end the company had a balance due from Llangollen Standard 4 Trust, it's parent undertaking of £330 (2022 - £330).