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REGISTERED NUMBER: 13795952 (England and Wales)












RAILSENSE SOLUTIONS LTD

Unaudited Financial Statements

for the Year Ended 31 October 2024






RAILSENSE SOLUTIONS LTD (REGISTERED NUMBER: 13795952)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAILSENSE SOLUTIONS LTD

Company Information
for the Year Ended 31 October 2024







Directors: A M Chick
T R Lloyd-Baker
E R Lloyd-Baker





Registered office: Unit 28, Campus 5
Letchworth Garden City
SG6 2JF





Registered number: 13795952 (England and Wales)





Accountants: Michael Price Associates Ltd
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

RAILSENSE SOLUTIONS LTD (REGISTERED NUMBER: 13795952)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 225,084 -
Tangible assets 5 326,213 153,780
551,297 153,780

Current assets
Stocks 571,760 157,957
Debtors 6 838,124 329,377
Cash at bank 144,560 48,346
1,554,444 535,680
Creditors
Amounts falling due within one year 7 622,261 151,574
Net current assets 932,183 384,106
Total assets less current liabilities 1,483,480 537,886

Creditors
Amounts falling due after more than one year 8 (450,882 ) (117,935 )

Provisions for liabilities (99,379 ) (29,218 )
Net assets 933,219 390,733

Capital and reserves
Called up share capital 11,122 11,122
Share premium 967,195 493,878
Retained earnings (45,098 ) (114,267 )
933,219 390,733

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 21 January 2025 and were signed on its behalf by:



A M Chick - Director


RAILSENSE SOLUTIONS LTD (REGISTERED NUMBER: 13795952)

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

1. Statutory information

Railsense Solutions Ltd 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 10% Straightline
Computer Costs - 20% Straightline

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The directors will continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 7 ) .

RAILSENSE SOLUTIONS LTD (REGISTERED NUMBER: 13795952)

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

4. Intangible fixed assets
Development
costs
£   
Cost
Additions 250,093
At 31 October 2024 250,093
Amortisation
Amortisation for year 25,009
At 31 October 2024 25,009
Net book value
At 31 October 2024 225,084

5. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 November 2023 159,372 2,057 161,429
Additions 206,735 3,401 210,136
At 31 October 2024 366,107 5,458 371,565
Depreciation
At 1 November 2023 7,359 290 7,649
Charge for year 36,611 1,092 37,703
At 31 October 2024 43,970 1,382 45,352
Net book value
At 31 October 2024 322,137 4,076 326,213
At 31 October 2023 152,013 1,767 153,780

6. Debtors
31/10/24 31/10/23
£    £   
Amounts falling due within one year:
Trade debtors 411,998 174,696
Other debtors - 118,406
VAT - 3,727
Prepayments and accrued income 221,332 32,548
633,330 329,377

Amounts falling due after more than one year:
Amounts owed by associates 204,794 -

Aggregate amounts 838,124 329,377

RAILSENSE SOLUTIONS LTD (REGISTERED NUMBER: 13795952)

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

7. Creditors: amounts falling due within one year
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 3,450 -
Trade creditors 692,343 83,254
Tax (127,292 ) -
Social security and other taxes 21,631 15,123
VAT 16,279 -
Other creditors - 238
Directors' current accounts 14,000 51,459
Accrued expenses 1,850 1,500
622,261 151,574

8. Creditors: amounts falling due after more than one year
31/10/24 31/10/23
£    £   
Bank Loans and Overdrafts 350,882 -
Amounts owed to associates - 117,935
Other creditors 100,000 -
450,882 117,935