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REGISTERED NUMBER: 13478217 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

The Rail Clamp Company Limited

The Rail Clamp Company Limited (Registered number: 13478217)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Rail Clamp Company Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: I M Dixon





REGISTERED OFFICE: Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP





REGISTERED NUMBER: 13478217 (England and Wales)





ACCOUNTANTS: Venture
Chartered Accountants
Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP

The Rail Clamp Company Limited (Registered number: 13478217)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Debtors 4 13,859 1
Cash at bank 1,138 9
14,997 10
CREDITORS
Amounts falling due within one year 5 61,246 32,184
NET CURRENT LIABILITIES (46,249 ) (32,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,249

)

(32,174

)

CREDITORS
Amounts falling due after more than one
year

6

4,100

1,650
NET LIABILITIES (50,349 ) (33,824 )

CAPITAL AND RESERVES
Called up share capital 7 1,001 1,001
Retained earnings (51,350 ) (34,825 )
SHAREHOLDERS' FUNDS (50,349 ) (33,824 )

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

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

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 25 February 2025 and were signed by:





I M Dixon - Director


The Rail Clamp Company Limited (Registered number: 13478217)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The Rail Clamp Company 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.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

The Rail Clamp Company Limited (Registered number: 13478217)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,778 -
Other debtors 2,081 1
13,859 1

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 13,003 -
Other creditors 48,243 32,184
61,246 32,184

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 4,100 1,650

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 B Shares £1 1 1

Allotted and issued:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 Share capital 1 £1 1,000 1,000

The company has paid a dividend. If this is illegal then the recipients acknowledge their duty to repay the amount.

8. RELATED PARTY DISCLOSURES AND GOING CONCERN

At the year end£48,242 (2023 £31,526) was owed to a company under common control. This company has indicated its willingness to support the company, as such the going concern presumption is appropriate.

At the year end £4,100 (2023 £1,650) was owed to a shareholder and included in creditors due after more than one year.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C Baylis by virtue of his 100% shareholding.