RAILTRAIL TOURS LIMITED
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 47,248 28,666
Current assets
Debtors 5 578,595 178,721
Cash at bank and in hand 1,055,177 1,101,811
1,633,772 1,280,532
Creditors: amounts falling due within one year 6 (1,432,752) (1,044,538)
Net current assets 201,020 235,994
Total assets less current liabilities 248,268 264,660
Creditors: amounts falling due after more than one year 7 (23,333) (43,333)
Provisions for liabilities (6,745) (6,095)
Net assets 218,190 215,232
Capital and reserves
Called up share capital 10,000 100
Profit and loss account 208,190 215,132
Shareholder's funds 218,190 215,232
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR. D.C. FELSTEAD
Director
Approved by the board on 1 June 2025
RAILTRAIL TOURS LIMITED
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Turnover is recognised on a departure date basis.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment 15% reducing balance basis
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 20 20
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2024 4,889
At 28 February 2025 4,889
Amortisation
At 1 March 2024 4,889
At 28 February 2025 4,889
Net book value
At 28 February 2025 -
At 29 February 2020 -
Goodwill has been written off in equal annual instalments over its estimated economic life.
4 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 March 2024 126,618
Additions 27,327
At 28 February 2025 153,945
Depreciation
At 1 March 2024 97,952
Charge for the year 8,745
At 28 February 2025 106,697
Net book value
At 28 February 2025 47,248
At 29 February 2024 28,666
5 Debtors 2025 2024
£ £
Prepayments 575,362 178,721
Other debtors 3,233 -
578,595 178,721
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans (unsecured) 20,000 20,000
Deposits in advance 982,175 848,319
Trade creditors 412,933 141,051
Corporation tax - 5,805
Other taxes and social security costs 11,802 13,363
Director's loan account 5,842 16,000
1,432,752 1,044,538
7 Creditors: amounts falling due after more than one year 2025 2024
£ £
Bank loans (unsecured) 23,333 43,333
8 Controlling party
Mr. D.C. Felstead, the sole director of the company, owns 100% of the issued share capital of the company.
9 Other information
RAILTRAIL TOURS LIMITED is a private company limited by shares and incorporated in England (Company Number 02509776). Its registered office is 21, The Smithfield Centre, Leek, Staffordshire, ST13 5JW.
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