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Company Registration No. 09302235 (England and Wales)
Railtech Innovations Limited Unaudited accounts for the year ended 30 November 2024
Railtech Innovations Limited Unaudited accounts Contents
Page
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Railtech Innovations Limited Company Information for the year ended 30 November 2024
Directors
Lewis Costa Stavrou Thomas Fitzgerald
Secretary
Sevcan Fitzgerald
Company Number
09302235 (England and Wales)
Registered Office
FIRST FLOOR 39 HIGH STREET BILLERICAY ESSEX CM12 9BA United Kingdom
Accountants
LTG Accountants Limited 39A High Street Billericay Essex CM12 9BA
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Railtech Innovations Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,869 
101,568 
Current assets
Inventories
10,000 
28,000 
Debtors
1,559,008 
2,926,086 
Cash at bank and in hand
185,149 
797,833 
1,754,157 
3,751,919 
Creditors: amounts falling due within one year
(149,858)
(779,646)
Net current assets
1,604,299 
2,972,273 
Total assets less current liabilities
1,672,168 
3,073,841 
Creditors: amounts falling due after more than one year
(5,834)
(15,833)
Provisions for liabilities
Deferred tax
(6,844)
(14,623)
Net assets
1,659,490 
3,043,385 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,659,390 
3,043,285 
Shareholders' funds
1,659,490 
3,043,385 
For the year ending 30 November 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by
Lewis Costa Stavrou Director Company Registration No. 09302235
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Railtech Innovations Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Railtech Innovations Limited is a private company, limited by shares, registered in England and Wales, registration number 09302235. The registered office is FIRST FLOOR, 39 HIGH STREET, BILLERICAY, ESSEX, CM12 9BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 25%
Motor vehicles
Straight Line 20%
Fixtures & fittings
Straight Line 25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
31,693 
151,584 
12,196 
195,473 
Additions
10,007 
20,370 
- 
30,377 
Disposals
- 
19,500 
- 
19,500 
At 30 November 2024
41,700 
191,454 
12,196 
245,350 
Depreciation
At 1 December 2023
12,920 
76,181 
4,804 
93,905 
Charge for the year
9,940 
22,102 
2,784 
34,826 
On disposals
- 
48,750 
- 
48,750 
At 30 November 2024
22,860 
147,033 
7,588 
177,481 
Net book value
At 30 November 2024
18,840 
44,421 
4,608 
67,869 
At 30 November 2023
18,773 
75,403 
7,392 
101,568 
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Railtech Innovations Limited Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
83,326 
- 
Trade debtors
405,214 
- 
Accrued income and prepayments
304,543 
2,255,396 
Other debtors
11,832 
8,462 
804,915 
2,263,858 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
735,417 
643,552 
Other debtors
18,676 
18,676 
754,093 
662,228 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
- 
147,274 
Obligations under finance leases and hire purchase contracts
- 
1,821 
Trade creditors
75,390 
82,451 
Taxes and social security
43,255 
393,350 
Other creditors
1,653 
7,704 
Accruals
19,560 
137,046 
149,858 
779,646 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,834 
15,833 
The company has paid a $22,000.00 deposit on a Jetson ONE, with a further $77,000.00 due upon completion of development. Due to delays, the Director's expect delivery in 2025 or 2026.
8
Transactions with related parties
The company incurs costs billed by LKD Engineering Limited, which is controlled by Lewis Costa Stavrou. There is also an intercompany loan to LKD Engineering Limited. There is also an intercompany loan to a Portuguese venture, which is controlled by the Directors of Railtech Innovations Limited.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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