IRIS Accounts Production v24.3.2.46 03947603 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039476032023-05-31039476032024-05-31039476032023-06-012024-05-31039476032022-05-31039476032022-06-012023-05-31039476032023-05-3103947603ns15:EnglandWales2023-06-012024-05-3103947603ns14:PoundSterling2023-06-012024-05-3103947603ns10:Director12023-06-012024-05-3103947603ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3103947603ns10:SmallEntities2023-06-012024-05-3103947603ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3103947603ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3103947603ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3103947603ns10:FullAccounts2023-06-012024-05-3103947603ns10:OrdinaryShareClass22023-06-012024-05-3103947603ns10:OrdinaryShareClass32023-06-012024-05-3103947603ns10:OrdinaryShareClass42023-06-012024-05-3103947603ns10:OrdinaryShareClass52023-06-012024-05-3103947603ns10:RegisteredOffice2023-06-012024-05-3103947603ns5:CurrentFinancialInstruments2024-05-3103947603ns5:CurrentFinancialInstruments2023-05-3103947603ns5:Non-currentFinancialInstruments2024-05-3103947603ns5:Non-currentFinancialInstruments2023-05-3103947603ns5:ShareCapital2024-05-3103947603ns5:ShareCapital2023-05-3103947603ns5:RetainedEarningsAccumulatedLosses2024-05-3103947603ns5:RetainedEarningsAccumulatedLosses2023-05-3103947603ns5:PlantMachinery2023-06-012024-05-3103947603ns5:PlantMachinery2023-05-3103947603ns5:PlantMachinery2024-05-3103947603ns5:PlantMachinery2023-05-3103947603ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3103947603ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3103947603ns5:Secured2024-05-3103947603ns5:Secured2023-05-3103947603ns10:OrdinaryShareClass22024-05-3103947603ns10:OrdinaryShareClass32024-05-3103947603ns10:OrdinaryShareClass42024-05-3103947603ns10:OrdinaryShareClass52024-05-31
REGISTERED NUMBER: 03947603 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2024

for

The Railway Westerfield Limited

The Railway Westerfield Limited (Registered number: 03947603)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Railway Westerfield Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P W Stone





REGISTERED OFFICE: The Railway
Westerfield Road
Westerfield
Ipswich
Suffolk
IP6 9AA





REGISTERED NUMBER: 03947603 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

The Railway Westerfield Limited (Registered number: 03947603)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,050 4,574

CURRENT ASSETS
Stocks 5 10,450 9,350
Debtors 6 588,242 437,810
Cash at bank and in hand 56,682 51,977
655,374 499,137
CREDITORS
Amounts falling due within one year 7 212,437 127,636
NET CURRENT ASSETS 442,937 371,501
TOTAL ASSETS LESS CURRENT LIABILITIES 445,987 376,075

CREDITORS
Amounts falling due after more than one
year

8

40,338

42,518
NET ASSETS 405,649 333,557

CAPITAL AND RESERVES
Called up share capital 10 74,041 74,021
Retained earnings 331,608 259,536
SHAREHOLDERS' FUNDS 405,649 333,557

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Railway Westerfield Limited (Registered number: 03947603)

Statement of Financial Position - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





P W Stone - Director


The Railway Westerfield Limited (Registered number: 03947603)

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

1. STATUTORY INFORMATION

The Railway Westerfield 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.

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 cost

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


The Railway Westerfield Limited (Registered number: 03947603)

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

2. ACCOUNTING POLICIES - continued
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.

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 29 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2023
and 31 May 2024 17,175
DEPRECIATION
At 1 June 2023 12,601
Charge for year 1,524
At 31 May 2024 14,125
NET BOOK VALUE
At 31 May 2024 3,050
At 31 May 2023 4,574

5. STOCKS
2024 2023
£    £   
Stocks 10,450 9,350

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 2,626 5,307
Other debtors (12 ) (32 )
2,614 5,275

The Railway Westerfield Limited (Registered number: 03947603)

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

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 585,628 432,535

Aggregate amounts 588,242 437,810

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,108 9,800
Trade creditors 37,789 17,784
Taxation and social security 158,839 97,900
Other creditors 5,701 2,152
212,437 127,636

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,059 24,367
Amounts owed to participating interests 26,279 18,151
40,338 42,518

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 24,167 34,167

Barclays Security Trustee Limited holds a fixed charge and a floating charge which covers all the property or undertaking of the company.

The Railway Westerfield Limited (Registered number: 03947603)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
55,501 Ordinary A £1 55,501 55,501
18,500 Ordinary B £1 18,500 18,500
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
20 Ordinary E £1 20 -
74,041 74,021

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
20 Ordinary E £1 20 -

The following shares were issued during the year for cash at par :

20 Ordinary E shares of £1