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REGISTERED NUMBER: 07213448 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

G.T. Railton Limited

G.T. Railton Limited (Registered number: 07213448)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G.T. Railton Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: GT Railton
Mrs H R Railton





SECRETARY: Mrs H R Railton





REGISTERED OFFICE: Bell House
Fairmile Park Road
Cobham
Surrey
KT11 2PP





REGISTERED NUMBER: 07213448 (England and Wales)





ACCOUNTANTS: Wheeler & Co
Chartered Accountants
24 Dukes Wood Avenue
Gerrards Cross
Buckinghamshire
SL9 7JT

G.T. Railton Limited (Registered number: 07213448)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 689 877
689 877

CURRENT ASSETS
Cash at bank 65,941 80,131

CREDITORS
Amounts falling due within one year 6 56,670 61,133
NET CURRENT ASSETS 9,271 18,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,960

19,875

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 9,958 19,873
SHAREHOLDERS' FUNDS 9,960 19,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





GT Railton - Director


G.T. Railton Limited (Registered number: 07213448)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill is being amortised over ten years on a straight line basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

G.T. Railton Limited (Registered number: 07213448)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 50,000
AMORTISATION
At 1 August 2023
and 31 July 2024 50,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 8,660
DEPRECIATION
At 1 August 2023 7,783
Charge for year 188
At 31 July 2024 7,971
NET BOOK VALUE
At 31 July 2024 689
At 31 July 2023 877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 1,706 1,288
Other creditors 54,964 59,845
56,670 61,133

Included in other creditors above is £53,264 (2023 £58,146 ) due to the directors.

G.T. Railton Limited (Registered number: 07213448)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. RESERVES
Retained
earnings
£   

At 1 August 2023 19,873
Profit for the year 7,085
Dividends (17,000 )
At 31 July 2024 9,958