Company Registration No. 10265763 (England and Wales)
South West Rail Solutions Limited
Unaudited accounts
for the year ended 31 July 2024
South West Rail Solutions Limited
Unaudited accounts
Contents
South West Rail Solutions Limited
Company Information
for the year ended 31 July 2024
Director
Mark Arthur Boulton
Company Number
10265763 (England and Wales)
Registered Office
Office 5, The White House
Broomhill Way
Torquay
Devon
TQ2 7QL
UK
Accountants
Apex Accounting Services
Apex Accounting Services
47 Newnham Road
PLYMOUTH
Devon
PL7 4AW
South West Rail Solutions Limited
Statement of financial position
as at 31 July 2024
Tangible assets
500,184
501,454
Cash at bank and in hand
449,550
178,536
Creditors: amounts falling due within one year
(91,907)
(167,650)
Net current assets
653,422
471,206
Net assets
1,153,606
972,660
Called up share capital
2
2
Profit and loss account
1,153,604
972,658
Shareholders' funds
1,153,606
972,660
For the year ending 31 July 2024 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 director acknowledges his 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 and authorised for issue on 8 August 2024 and were signed on its behalf by
Mark Arthur Boulton
Director
Company Registration No. 10265763
South West Rail Solutions Limited
Notes to the Accounts
for the year ended 31 July 2024
South West Rail Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 10265763. The registered office is Office 5, The White House, Broomhill Way, Torquay, Devon, TQ2 7QL, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
18% & 100%
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 August 2023
494,400
116,525
-
7,400
11,706
630,031
Additions
-
309,950
26,050
-
-
336,000
At 31 July 2024
494,400
426,475
26,050
7,400
11,706
966,031
At 1 August 2023
-
109,471
-
7,400
11,706
128,577
Charge for the year
-
311,220
26,050
-
-
337,270
At 31 July 2024
-
420,691
26,050
7,400
11,706
465,847
At 31 July 2024
494,400
5,784
-
-
-
500,184
At 31 July 2023
494,400
7,054
-
-
-
501,454
South West Rail Solutions Limited
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
218,089
370,811
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
10,000
10,700
Taxes and social security
81,907
156,950
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
7,115
-
-
7,115
Directors Loan
(7,115)
-
-
(7,115)
Directors Loan
14,700
-
-
14,700
Directors Loan
(14,700)
-
-
(14,700)
8
Average number of employees
During the year the average number of employees was 25 (2023: 25).