IRIS Accounts Production v24.3.2.46 01605988 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016059882023-08-31016059882024-08-31016059882023-09-012024-08-31016059882022-08-31016059882022-09-012023-08-31016059882023-08-3101605988ns15:EnglandWales2023-09-012024-08-3101605988ns14:PoundSterling2023-09-012024-08-3101605988ns10:Director12023-09-012024-08-3101605988ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3101605988ns10:SmallEntities2023-09-012024-08-3101605988ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3101605988ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3101605988ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3101605988ns10:FullAccounts2023-09-012024-08-3101605988ns10:Director22023-09-012024-08-3101605988ns10:Director32023-09-012024-08-3101605988ns10:Director42023-09-012024-08-3101605988ns10:Director52023-09-012024-08-3101605988ns10:CompanySecretary12023-09-012024-08-3101605988ns10:RegisteredOffice2023-09-012024-08-3101605988ns5:CurrentFinancialInstruments2024-08-3101605988ns5:CurrentFinancialInstruments2023-08-3101605988ns5:Non-currentFinancialInstruments2024-08-3101605988ns5:Non-currentFinancialInstruments2023-08-3101605988ns5:ShareCapital2024-08-3101605988ns5:ShareCapital2023-08-3101605988ns5:SharePremium2024-08-3101605988ns5:SharePremium2023-08-3101605988ns5:CapitalRedemptionReserve2024-08-3101605988ns5:CapitalRedemptionReserve2023-08-3101605988ns5:RetainedEarningsAccumulatedLosses2024-08-3101605988ns5:RetainedEarningsAccumulatedLosses2023-08-3101605988ns5:LeaseholdImprovements2023-09-012024-08-3101605988ns5:PlantMachinery2023-09-012024-08-3101605988ns5:FurnitureFittings2023-09-012024-08-3101605988ns5:MotorVehicles2023-09-012024-08-3101605988ns5:ComputerEquipment2023-09-012024-08-3101605988ns5:LeaseholdImprovements2023-08-3101605988ns5:PlantMachinery2023-08-3101605988ns5:FurnitureFittings2023-08-3101605988ns5:LeaseholdImprovements2024-08-3101605988ns5:PlantMachinery2024-08-3101605988ns5:FurnitureFittings2024-08-3101605988ns5:LeaseholdImprovements2023-08-3101605988ns5:PlantMachinery2023-08-3101605988ns5:FurnitureFittings2023-08-3101605988ns5:MotorVehicles2023-08-3101605988ns5:ComputerEquipment2023-08-3101605988ns5:MotorVehicles2024-08-3101605988ns5:ComputerEquipment2024-08-3101605988ns5:MotorVehicles2023-08-3101605988ns5:ComputerEquipment2023-08-3101605988ns5:CostValuation2023-08-3101605988ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3101605988ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 01605988 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Locomotive 5542 Ltd

Locomotive 5542 Ltd (Registered number: 01605988)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Locomotive 5542 Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J A Castle
N D Jones
R J Lee
J P Wood
D Goult





SECRETARY: D Goult





REGISTERED OFFICE: 17 Clevedon Green
South Littleton
Evesham
Worcestershire
WR11 8TY





REGISTERED NUMBER: 01605988 (England and Wales)





ACCOUNTANTS: Trio Accountancy Services Ltd
The Limes
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AW

Locomotive 5542 Ltd (Registered number: 01605988)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174,939 180,374
Investments 5 500 500
175,439 180,874

CURRENT ASSETS
Debtors 6 39,396 38,954
Cash in hand 29,583 30,105
68,979 69,059
CREDITORS
Amounts falling due within one year 7 13,903 13,844
NET CURRENT ASSETS 55,076 55,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,515

236,089

CREDITORS
Amounts falling due after more than one
year

8

500

500
NET ASSETS 230,015 235,589

CAPITAL AND RESERVES
Called up share capital 99,000 99,000
Share premium 29,500 29,500
Capital reserve 5,425 5,425
Retained earnings 96,090 101,664
SHAREHOLDERS' FUNDS 230,015 235,589

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Locomotive 5542 Ltd (Registered number: 01605988)

Balance Sheet - continued
31 August 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 15 February 2025 and were signed on its behalf by:





N D Jones - Director


Locomotive 5542 Ltd (Registered number: 01605988)

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

1. STATUTORY INFORMATION

Locomotive 5542 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 represents the operation of the locomotive, donations, income from fund raising and the sale of postcards and prints. All income is generated in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Auto Trailer 233 - 2% on cost
Locomotive - 2% on cost
D2271 & Trailer - 2% on cost
Carriage 169 - 2% on cost
Passenger carriage - 2% on cost

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 that have been enacted or substantively enacted by the balance sheet date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Locomotive 5542 Ltd (Registered number: 01605988)

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

4. TANGIBLE FIXED ASSETS
Auto
Trailer D2271 &
233 Locomotive Trailer
£    £    £   
COST
At 1 September 2023
and 31 August 2024 36,501 163,881 11,857
DEPRECIATION
At 1 September 2023 6,397 69,829 2,114
Charge for year 730 3,278 237
At 31 August 2024 7,127 73,107 2,351
NET BOOK VALUE
At 31 August 2024 29,374 90,774 9,506
At 31 August 2023 30,104 94,052 9,743

Carriage Passenger
169 carriage Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 51,143 8,389 271,771
DEPRECIATION
At 1 September 2023 11,339 1,718 91,397
Charge for year 1,022 168 5,435
At 31 August 2024 12,361 1,886 96,832
NET BOOK VALUE
At 31 August 2024 38,782 6,503 174,939
At 31 August 2023 39,804 6,671 180,374

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 500
NET BOOK VALUE
At 31 August 2024 500
At 31 August 2023 500

Locomotive 5542 Ltd (Registered number: 01605988)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 38,869 38,562
Other debtors 527 392
39,396 38,954

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors (1 ) 418
Tax - 44
VAT 1,330 808
Other creditors 11,574 11,574
Accrued expenses 1,000 1,000
13,903 13,844

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other creditors 500 500