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Registration number: 07366714

Road and Rail Steam Services Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Road and Rail Steam Services Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Road and Rail Steam Services Ltd

Company Information

Directors

Mrs Katherine Dawn Latham

Mr Stephen John Latham

Registered office

Rose Cottage Shop Street
Whinburgh
Dereham
Norfolk
NR19 1QR

Accountants

Alextra Group Limited
Chartered Certified Accountants7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Road and Rail Steam Services Ltd

(Registration number: 07366714)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

133,489

113,651

Current assets

 

Debtors

5

35,887

22,721

Cash at bank and in hand

 

87,969

101,104

 

123,856

123,825

Creditors: Amounts falling due within one year

6

(76,077)

(67,655)

Net current assets

 

47,779

56,170

Total assets less current liabilities

 

181,268

169,821

Provisions for liabilities

(21,569)

(5,528)

Net assets

 

159,699

164,293

Capital and reserves

 

Called up share capital

20

20

Retained earnings

159,679

164,273

Shareholders' funds

 

159,699

164,293

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 May 2025 and signed on its behalf by:
 

.........................................
Mrs Katherine Dawn Latham
Director

 

Road and Rail Steam Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rose Cottage Shop Street
Whinburgh
Dereham
Norfolk
NR19 1QR
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Road and Rail Steam Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

20% reducing balance basis

Locomotive

10% straight line basis / 10% reducing balance basis

Motor vehicles

20% reducing balance basis

Plant & machinery

20% reducing balance basis

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Road and Rail Steam Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Computer equipment
£

Locomotive & steam roller
£

Motor vehicles
 £

Plant & machinery
£

Total
£

Cost or valuation

At 1 October 2023

1,527

453,064

13,400

22,372

490,363

Additions

-

63,728

-

3,869

67,597

At 30 September 2024

1,527

516,792

13,400

26,241

557,960

Depreciation

At 1 October 2023

832

349,251

9,009

17,620

376,712

Charge for the year

139

45,318

878

1,424

47,759

At 30 September 2024

971

394,569

9,887

19,044

424,471

Carrying amount

At 30 September 2024

556

122,223

3,513

7,197

133,489

At 30 September 2023

695

103,813

4,391

4,752

113,651

 

Road and Rail Steam Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

35,720

21,200

Prepayments

167

-

Other debtors

-

1,521

 

35,887

22,721

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

5,910

-

Taxation and social security

15,680

8,285

Other creditors

54,487

59,370

76,077

67,655