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REGISTERED NUMBER: SC557000 (Scotland)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Rail Gaddi Ltd

Rail Gaddi Ltd (Registered number: SC557000)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rail Gaddi Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs S K Sanghera
B S Sanghera





REGISTERED OFFICE: Unit 3
Morris Park, 37 Rosyth Rd
Glasgow
G5 0YE





REGISTERED NUMBER: SC557000 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Rail Gaddi Ltd (Registered number: SC557000)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 115,090 125,484

CURRENT ASSETS
Stocks 5 - 6,565
Cash at bank and in hand 35,898 15,846
35,898 22,411
CREDITORS
Amounts falling due within one year 6 41,909 48,757
NET CURRENT LIABILITIES (6,011 ) (26,346 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,079

99,138

CREDITORS
Amounts falling due after more than one
year

7

(75,692

)

(47,500

)

PROVISIONS FOR LIABILITIES (3,298 ) (3,298 )
NET ASSETS 30,089 48,340

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 9 30,086 48,337
SHAREHOLDERS' FUNDS 30,089 48,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Rail Gaddi Ltd (Registered number: SC557000)

Balance Sheet - continued
28 February 2023


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 6 February 2025 and were signed on its behalf by:





B S Sanghera - Director


Rail Gaddi Ltd (Registered number: SC557000)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Rail Gaddi Ltd is a private company, limited by shares , registered in Scotland. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 15 ) .

Rail Gaddi Ltd (Registered number: SC557000)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Equipment Totals
£    £    £    £   
COST
At 1 March 2022 11,035 109,170 14,296 134,501
Additions - 9,916 - 9,916
At 28 February 2023 11,035 119,086 14,296 144,417
DEPRECIATION
At 1 March 2022 3,602 - 5,415 9,017
Charge for year 1,115 17,863 1,332 20,310
At 28 February 2023 4,717 17,863 6,747 29,327
NET BOOK VALUE
At 28 February 2023 6,318 101,223 7,549 115,090
At 28 February 2022 7,433 109,170 8,881 125,484

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks - 6,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 35,752 37,985
Tax 302 302
Social security and other taxes 4,003 5,918
VAT - 2,092
Accrued expenses 1,852 2,460
41,909 48,757

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bounce Back Loan 46,495 47,500
YouLend Loan 29,197 -
75,692 47,500

Rail Gaddi Ltd (Registered number: SC557000)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
3 Ordinary 1 3 3

9. RESERVES
Retained
earnings
£   

At 1 March 2022 48,337
Deficit for the year (10,703 )
Dividends (7,548 )
At 28 February 2023 30,086