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REGISTERED NUMBER: 09068081 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 June 2024

for

RAILS OF SHEFFIELD LTD

RAILS OF SHEFFIELD LTD (REGISTERED NUMBER: 09068081)






Contents of the Financial Statements
for the Year Ended 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAILS OF SHEFFIELD LTD

Company Information
for the Year Ended 29 June 2024







DIRECTORS: J Barber
Mrs T Barber
O J Davies
A P Davies





SECRETARY:





REGISTERED OFFICE: 21-29 Chesterfield Road
Sheffield
S8 0RL





REGISTERED NUMBER: 09068081 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

RAILS OF SHEFFIELD LTD (REGISTERED NUMBER: 09068081)

Balance Sheet
29 June 2024

29/6/24 29/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 163,702 -
Tangible assets 5 455,193 484,193
618,895 484,193

CURRENT ASSETS
Stocks 3,580,925 2,409,575
Debtors 6 114,513 107,522
Cash in hand 53,635 -
3,749,073 2,517,097
CREDITORS
Amounts falling due within one year 7 2,505,498 1,005,187
NET CURRENT ASSETS 1,243,575 1,511,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,862,470

1,996,103

CREDITORS
Amounts falling due after more than one
year

8

(315,791

)

(892,372

)

PROVISIONS FOR LIABILITIES (103,435 ) (55,682 )
NET ASSETS 1,443,244 1,048,049

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,443,144 1,047,949
SHAREHOLDERS' FUNDS 1,443,244 1,048,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

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.

RAILS OF SHEFFIELD LTD (REGISTERED NUMBER: 09068081)

Balance Sheet - continued
29 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





J Barber - Director


RAILS OF SHEFFIELD LTD (REGISTERED NUMBER: 09068081)

Notes to the Financial Statements
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

Rails of sheffield Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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 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.

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 42 (2023 - 43 ) .

RAILS OF SHEFFIELD LTD (REGISTERED NUMBER: 09068081)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 163,702
At 29 June 2024 163,702
NET BOOK VALUE
At 29 June 2024 163,702

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 June 2023 69,348 600,126 669,474
Additions - 76,417 76,417
At 29 June 2024 69,348 676,543 745,891
DEPRECIATION
At 30 June 2023 - 185,281 185,281
Charge for year - 105,417 105,417
At 29 June 2024 - 290,698 290,698
NET BOOK VALUE
At 29 June 2024 69,348 385,845 455,193
At 29 June 2023 69,348 414,845 484,193

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/6/24 29/6/23
£    £   
Trade debtors 113,305 100,227
Other debtors 1,208 7,295
114,513 107,522

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/6/24 29/6/23
£    £   
Bank loans and overdrafts 117,928 22,384
Trade creditors 2,112,755 732,724
Taxation and social security 199,835 199,078
Other creditors 74,980 51,001
2,505,498 1,005,187

RAILS OF SHEFFIELD LTD (REGISTERED NUMBER: 09068081)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/6/24 29/6/23
£    £   
Other creditors 315,791 892,372

9. CONTINGENT LIABILITIES

HSBC UK hold a fixed and floating charge over the assets of the company.