REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2024 |
FOR |
BOLTON STEAM LOCOMOTIVE COMPANY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2024 |
FOR |
BOLTON STEAM LOCOMOTIVE COMPANY LIMITED |
BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BOLTON STEAM LOCOMOTIVE COMPANY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
67 Chorley Old Road |
Bolton |
BL1 3AJ |
BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700) |
BALANCE SHEET |
31ST DECEMBER 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium | 9 |
Revaluation reserve | 9 |
Capital redemption reserve | 9 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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. |
BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700) |
BALANCE SHEET - continued |
31ST DECEMBER 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2024 |
1. | STATUTORY INFORMATION |
Bolton Steam Locomotive Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Depreciation |
Plant and equipment | - |
Patterns | - |
Locomotive | - |
Office equipment | - |
A revaluation carried out on the locomotive in 1999 has been incorporated into its book value as at 31st December 2002. The directors consider that the residual value of the locomotive is in excess of its book value. Accordingly no depreciation will be charged unless this changes. Patterns for locomotive parts have not been depreciated as the directors consider their residual value to be not less than cost. |
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 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 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. |
BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and | Office |
equipment | Patterns | Locomotive | equipment | Totals |
£ | £ | £ | £ | £ |
COST OR VALUATION |
At 1st January 2024 |
and 31st December 2024 |
DEPRECIATION |
At 1st January 2024 |
and 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st December 2023 |
Cost or valuation at 31st December 2024 is represented by: |
Plant and | Office |
equipment | Patterns | Locomotive | equipment | Totals |
£ | £ | £ | £ | £ |
Valuation in 1999 | - | - | 90,000 | - | 90,000 |
Cost | 1,143 | 6,207 | 475,285 | 181 | 482,816 |
1,143 | 6,207 | 565,285 | 181 | 572,816 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Tax |
VAT | 1,300 | 2,300 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other loans | 680 | 560 |
BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
£ |
Other Loans |
Mr O Daniels * | 100 |
Mr D Lucas * | 580 |
680 |
Other Loans : Represent loans not repayable within the foreseeable future |
or (*) monies held for acquisition of shares |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 724 | 724 |
9. | RESERVES |
Capital |
Retained | Share | Revaluation | redemption |
earnings | premium | reserve | reserve | Totals |
£ | £ | £ | £ | £ |
At 1st January 2024 | 788,547 |
Profit for the year |
At 31st December 2024 | 831,871 |
Share premium represents the excess price above nominal value that shares have been issued at. |
The revaluation reserve represents the difference between the value of the locomotive in 1999 and its book cost at 31st December 2002. |
The capital redemption reserve is equal to the number of shares gifted back to the company and is required to maintain the necessary non-distributable capital. |
10. | ULTIMATE CONTROLLING PARTY |
In the opinion of the directors there is no ultimate controlling party. |
BOLTON STEAM LOCOMOTIVE COMPANY LIMITED (REGISTERED NUMBER: 01945700) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2024 |
11. | OTHER OPERATING INCOME |
DONATIONS |
£ |
Mr M J Baldry | 360 |
Mr N Oldfield | 2000 |
Mr T Thorndike | 100 |
R&R Clement | 100 |
Sales stands | 1033 |
Others | 240 |
3833 |