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REGISTERED NUMBER: 04092612 (England and Wales)









Financial Statements

for the Year Ended 31 October 2023

for

Tate Rail Limited

Tate Rail Limited (Registered number: 04092612)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Tate Rail Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: S. Carlton-Crisp





SECRETARY: S.M. Carlton-Crisp





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 04092612 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Tate Rail Limited (Registered number: 04092612)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 46,564 24,669

CURRENT ASSETS
Debtors 5 35,726 32,427
Cash at bank 367,578 71,251
403,304 103,678
CREDITORS
Amounts falling due within one year 6 (407,778 ) (118,611 )
NET CURRENT LIABILITIES (4,474 ) (14,933 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,090

9,736

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 42,088 9,734
SHAREHOLDERS' FUNDS 42,090 9,736

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

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

The director acknowledges his 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.

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 director and authorised for issue on 4 September 2024 and were signed by:





S. Carlton-Crisp - Director


Tate Rail Limited (Registered number: 04092612)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Tate Rail 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.

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 represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 20% 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 or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

Tate Rail Limited (Registered number: 04092612)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 139,026
Additions 28,520
At 31 October 2023 167,546
DEPRECIATION
At 1 November 2022 114,357
Charge for year 6,625
At 31 October 2023 120,982
NET BOOK VALUE
At 31 October 2023 46,564
At 31 October 2022 24,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,028 22,216
Other debtors 2,698 10,211
35,726 32,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 214,268 62,655
Taxation and social security 169,810 50,523
Other creditors 23,700 5,433
407,778 118,611

7. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs S Carlton-Crisp by virtue of their 100% holding in Tate Group (Projects) Limited.