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REGISTERED NUMBER: 11785441 (England and Wales)















RICHFIELD RAIL SOLUTIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






RICHFIELD RAIL SOLUTIONS LIMITED (REGISTERED NUMBER: 11785441)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICHFIELD RAIL SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr S E Passfield





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 11785441 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

RICHFIELD RAIL SOLUTIONS LIMITED (REGISTERED NUMBER: 11785441)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 461,199 306,714

CURRENT ASSETS
Debtors 5 689,750 768,107
Cash at bank 514,075 270,931
1,203,825 1,039,038
CREDITORS
Amounts falling due within one year 6 (1,099,256 ) (743,522 )
NET CURRENT ASSETS 104,569 295,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

565,768

602,230

CREDITORS
Amounts falling due after more than one year 7 (159,049 ) (49,389 )
NET ASSETS 406,719 552,841

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 406,718 552,840
406,719 552,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

RICHFIELD RAIL SOLUTIONS LIMITED (REGISTERED NUMBER: 11785441)

BALANCE SHEET - continued
30 APRIL 2024


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 director and authorised for issue on 11 December 2024 and were signed by:





Mr S E Passfield - Director


RICHFIELD RAIL SOLUTIONS LIMITED (REGISTERED NUMBER: 11785441)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Richfield Rail Solutions 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.

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 - 25% on reducing balance
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

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

RICHFIELD RAIL SOLUTIONS LIMITED (REGISTERED NUMBER: 11785441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 134,797 10,251 388,015 31,358 564,421
Additions 12,862 10,507 297,835 8,244 329,448
Disposals - - (34,100 ) - (34,100 )
At 30 April 2024 147,659 20,758 651,750 39,602 859,769
DEPRECIATION
At 1 May 2023 85,035 5,595 151,490 15,587 257,707
Charge for year 15,656 3,791 133,368 6,004 158,819
Eliminated on disposal - - (17,956 ) - (17,956 )
At 30 April 2024 100,691 9,386 266,902 21,591 398,570
NET BOOK VALUE
At 30 April 2024 46,968 11,372 384,848 18,011 461,199
At 30 April 2023 49,762 4,656 236,525 15,771 306,714

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 689,001 767,358
Sundry debtors 749 749
689,750 768,107

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 888,183 649,100
Hire purchase contracts 21,697 19,773
Corporation Tax 61,262 32,887
VAT 37,996 35,337
Sundry creditors 13,446 1,688
Directors' current accounts 2,260 2,937
Accruals and deferred income 71,252 -
Accrued expenses 3,160 1,800
1,099,256 743,522

RICHFIELD RAIL SOLUTIONS LIMITED (REGISTERED NUMBER: 11785441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-5 years 20,833 30,833
Hire purchase contracts 138,216 18,556
159,049 49,389