GARCO RAIL LTD

Company Registration Number:
09025466 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

GARCO RAIL LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

GARCO RAIL LTD

Company Information

for the Period Ended 30 April 2024




Director: W Garforth
Registered office: Unit 32 Bury Business Centre,
Kay Street
Bury
England
BL9 6BU
Company Registration Number: 09025466 (England and Wales)

GARCO RAIL LTD

Profit and Loss Account

for the Period Ended 30 April 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 256,235 156,441
Administrative Expenses ( 154,734 ) ( 119,206 )
Operating Profit or (Loss) 101,501 37,235
Interest Payable and Similar Charges ( 15,311 ) ( 6,783 )
Profit or (Loss) Before Tax 86,190 30,452
Tax on Profit ( 7,822 ) -
Profit or (Loss) for Period 78,368 30,452

The notes form part of these financial statements

GARCO RAIL LTD

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 90,325 76,492
Total fixed assets: 90,325 76,492
Current assets
Stocks: 12,363 24,058
Debtors: 88,912 63,780
Cash at bank and in hand: 6,062
Total current assets: 101,275 93,900
Creditors: amounts falling due within one year: ( 92,525 ) ( 73,925 )
Net current assets (liabilities): 8,750 19,975
Total assets less current liabilities: 99,075 96,467
Creditors: amounts falling due after more than one year: ( 24,132 ) ( 46,892 )
Total net assets (liabilities): 74,943 49,575

The notes form part of these financial statements

GARCO RAIL LTD

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 74,942 49,574
Shareholders funds: 74,943 49,575

For the year ending 30 April 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 30 June 2024
And Signed On Behalf Of The Board By:

Name: W Garforth
Status: Director

The notes form part of these financial statements

GARCO RAIL LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GARCO RAIL LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

GARCO RAIL LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

GARCO RAIL LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible Assets

Total
Cost £
At 01 May 2023 116,100
Additions 36,617
Disposals -
Revaluations -
Transfers -
At 30 April 2024 152,717
Depreciation
At 01 May 2023 39,608
Charge for year 22,784
On disposals -
Other adjustments -
At 30 April 2024 62,392
Net book value
At 30 April 2024 90,325
At 30 April 2023 76,492

A vehicle costing £22,347 is subject to a hire purchase finance. The outstanding liability at 30/04/2024 was £15,507.