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Registered Number: SC543125
Scotland

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 March 2024

for

ASSENTA RAIL LIMITED

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 107,398  129,581 
Current assets 220,842  208,772 
Creditors: amount falling due within one year (122,072) (107,940)
Net current assets 98,770  100,832 
Total assets less current liabilities 206,168  230,413 
Creditors: amount falling due after more than one year (22,431) (32,390)
Provisions for liabilities (976) (976)
Net assets 182,761  197,047 
 
Capital and reserves 182,761  197,047 
 
  1. For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Jonathan Mcintosh
Director
----------------------------------
Nigel Keith Woolford
Director

Date approved: 19 February 2025
1
Statutory Information
ASSENTA RAIL LIMITED is a private limited company, limited by shares, domiciled in Scotland, registration number SC543125, registration address Suite 40 Bonnington Bond Suite 40 Bonnington Bond, Anderson Place, Edinburgh, EH6 5NP, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery20% Reducing Balance
Motor Vehicles10% Reducing Balance
Computer Equipment10% Reducing Balance
Office Equipment10% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Office Equipment   Total
  £   £   £   £   £
At 01 April 2023 182,666    1,269    1,631    3,667    189,233 
Additions     2,631    1,037    3,668 
Disposals        
At 31 March 2024 182,666    1,269    4,262    4,704    192,901 
Depreciation
At 01 April 2023 57,409    241    295    1,707    59,652 
Charge for year 25,051    103    397    300    25,851 
On disposals        
At 31 March 2024 82,460    344    692    2,007    85,503 
Net book values
Closing balance as at 31 March 2024 100,206    925    3,570    2,697    107,398 
Opening balance as at 01 April 2023 125,257    1,028    1,336    1,960    129,581 

3.

Average number of employees

Average number of employees during the year was 4  (2023: 4).
2