Company registration number 07546990 (England and Wales)
COTSWOLD DIESEL RAILCAR LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
COTSWOLD DIESEL RAILCAR LTD
COMPANY INFORMATION
Directors
Mr R G Etherton
Mr M A Levie
Mr G D Forrest
Secretary
Mr M A Levie
Company number
07546990
Registered office
Churchward House
The Railway Station
Winchcombe
Cheltenham
GL54 5LD
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
COTSWOLD DIESEL RAILCAR LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
COTSWOLD DIESEL RAILCAR LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COTSWOLD DIESEL RAILCAR LTD FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cotswold Diesel Railcar Ltd for the year ended 31 March 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Cotswold Diesel Railcar Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cotswold Diesel Railcar Ltd and state those matters that we have agreed to state to the board of directors of Cotswold Diesel Railcar Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cotswold Diesel Railcar Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Cotswold Diesel Railcar Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cotswold Diesel Railcar Ltd. You consider that Cotswold Diesel Railcar Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cotswold Diesel Railcar Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
12 March 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
COTSWOLD DIESEL RAILCAR LTD
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
88,001
78,501
Current assets
Cash at bank and in hand
13,573
20,420
Creditors: amounts falling due within one year
4
(600)
-
0
Net current assets
12,973
20,420
Net assets
100,974
98,921
Capital and reserves
Called up share capital
5
67,500
67,500
Profit and loss reserves
33,474
31,421
Total equity
100,974
98,921

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial 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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 March 2025 and are signed on its behalf by:
Mr R G Etherton
Director
Company registration number 07546990 (England and Wales)
COTSWOLD DIESEL RAILCAR LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Cotswold Diesel Railcar Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Churchward House, The Railway Station, Winchcombe, Cheltenham, GL54 5LD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are stated at cost. Depreciation is not provided for as the directors are of the opinion that, as heritage items of railway rolling stock far beyond there conventional working lives, it would be inappropriate to treat them as ordinary items of plant and machinery. Work undertaken by the company will preserve the life of the assets over an indefinite period and it is likely that they will appreciate in value rather than falling. The directors will review this position annually.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
Nil

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
COTSWOLD DIESEL RAILCAR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2023
78,501
Additions
9,500
At 31 March 2024
88,001
Depreciation and impairment
At 1 April 2023 and 31 March 2024
-
0
Carrying amount
At 31 March 2024
88,001
At 31 March 2023
78,501
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
600
-
0
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ord of £500 each
135
135
67,500
67,500
6
Ultimate controlling party

There is no ultimate controlling party.

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