Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07281993 Mr T C Robinson Mr D J Hughes Mrs A F Wilson Mr B A Taylor Mr P Griffiths Mr N Palette Mr H Williams Mrs A F Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07281993 2023-09-30 07281993 2024-09-30 07281993 2023-10-01 2024-09-30 07281993 frs-core:CurrentFinancialInstruments 2024-09-30 07281993 frs-core:FurnitureFittings 2024-09-30 07281993 frs-core:FurnitureFittings 2023-10-01 2024-09-30 07281993 frs-core:FurnitureFittings 2023-09-30 07281993 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 07281993 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07281993 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 07281993 frs-core:RevaluationReserve 2023-09-30 07281993 frs-core:RevaluationReserve 2024-09-30 07281993 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07281993 frs-bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 07281993 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07281993 frs-bus:SmallEntities 2023-10-01 2024-09-30 07281993 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07281993 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07281993 frs-core:UnlistedNon-exchangeTraded 2024-09-30 07281993 frs-core:UnlistedNon-exchangeTraded 2023-09-30 07281993 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 07281993 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 07281993 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 07281993 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 07281993 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 07281993 frs-bus:Director1 2023-10-01 2024-09-30 07281993 frs-bus:Director2 2023-10-01 2024-09-30 07281993 frs-bus:Director3 2023-10-01 2024-09-30 07281993 frs-bus:Director4 2023-10-01 2024-09-30 07281993 frs-bus:Director5 2023-10-01 2024-09-30 07281993 frs-bus:Director6 2023-10-01 2024-09-30 07281993 frs-bus:Director7 2023-10-01 2024-09-30 07281993 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 07281993 frs-countries:EnglandWales 2023-10-01 2024-09-30 07281993 2022-09-30 07281993 2023-09-30 07281993 2022-10-01 2023-09-30 07281993 frs-core:CurrentFinancialInstruments 2023-09-30 07281993 frs-core:RevaluationReserve 2023-09-30 07281993 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07281993
Stafford Railway Circle Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07281993
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,114 4,571
Investments 5 37,939 37,252
42,053 41,823
CURRENT ASSETS
Debtors 6 175 266
Cash at bank and in hand 76,921 67,620
77,096 67,886
Creditors: Amounts Falling Due Within One Year 7 (1,290 ) (1,230 )
NET CURRENT ASSETS (LIABILITIES) 75,806 66,656
TOTAL ASSETS LESS CURRENT LIABILITIES 117,859 108,479
NET ASSETS 117,859 108,479
RESERVES
Revaluation reserve 8 1,350 1,350
Income and Expenditure Account 116,509 107,129
MEMBERS' FUNDS 117,859 108,479
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr D J Hughes
Director
3 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stafford Railway Circle Limited is a private company, limited by guarantee, incorporated in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Sale of exhibition tickets
Turnover from the sale of exhibition tickets is recognised when significant risks and rewards of ownership of the tickets have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually after the exhibition has taken place and the final attendance numbers known.
Interest receivable
Interest income is recognised using the effective interest method.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Improvements to property 10% on reducing balance
Fixtures & Fittings 10% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.5. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
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2.7. Fixed asset investments
Investments are recognised initially at cost which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through the income and expenditure with a subsequent reserves transfer to the revaluation reserve.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 10)
8 10
4. Tangible Assets
Land & Property
Improvements to property Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 6,156 7,668 13,824
As at 30 September 2024 6,156 7,668 13,824
Depreciation
As at 1 October 2023 4,148 5,105 9,253
Provided during the period 201 256 457
As at 30 September 2024 4,349 5,361 9,710
Net Book Value
As at 30 September 2024 1,807 2,307 4,114
As at 1 October 2023 2,008 2,563 4,571
5. Investments
Unlisted
£
Cost
As at 1 October 2023 37,252
Additions 687
As at 30 September 2024 37,939
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 37,939
As at 1 October 2023 37,252
The historical cost of the fixed asset investments as at 30 September 2024 was £36,589 (2023 - £35,902).
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 175 266
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,290 1,230
8. Reserves
Revaluation Reserve
£
As at 1 October 2023 1,350
As at 30 September 2024 1,350
9. Finanancial Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £10,080 (2023- £20,160).
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