COWAP RAIL SERVICES LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 12324314 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

COWAP RAIL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

N COWAP

K COWAP

REGISTERED OFFICE:

WOODSIDE COTTAGE

HOLMSHAW LANE

OAKHANGER

CREWE

CW1 5XF

REGISTERED NUMBER:

12324314 (England and Wales)

ACCOUNTANTS:

Milne Thomas and Co

27 Seller Street

Chester

Cheshire

CH1 3NA

FIXED ASSETS

Intangible assets

4

2,250

Tangible assets

5

187,981

101,385

190,231

103,635

CURRENT ASSETS

Stocks & work in progress

15,000

Debtors

6

121,256

137,001

Cash at bank

13,358

42,441

149,614

194,442

CREDITORS

Amounts falling due within one year

7

190,805

152,993

NET CURRENT (LIABILITIES)/ASSETS

(41,191

)

41,449

TOTAL ASSETS LESS CURRENT
LIABILITIES

149,040

145,084

CREDITORS

Amounts falling due after more than
one year

8

88,149

65,382

NET ASSETS

60,891

79,702

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

60,889

79,700

60,891

79,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 29 August 2025 and were signed on its behalf by:

K COWAP - Director

N COWAP - Director

1.	STATUTORY INFORMATION

COWAP RAIL SERVICES LIMITED 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.

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.

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.

Patents and licences are being amortised evenly over their 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.

Plant and machinery etc

-

15% on reducing balance

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2023

and 30 November 2024

2,250

NET BOOK VALUE

At 30 November 2024

2,250

At 30 November 2023

2,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

128,492

Additions

109,507

At 30 November 2024

237,999

DEPRECIATION

At 1 December 2023

27,107

Charge for year

22,911

At 30 November 2024

50,018

NET BOOK VALUE

At 30 November 2024

187,981

At 30 November 2023

101,385

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Trade debtors

86,654

105,217

Other debtors

34,602

31,784

121,256

137,001

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Bank loans and overdrafts

5,000

Hire purchase contracts

31,917

16,299

Trade creditors

26,086

19,824

Taxation and social security

20,737

17,463

Other creditors

107,065

94,407

190,805

152,993

Included in 'Other creditors' is an amount of £63482 payable to a company in which the Directors have a material interest.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.11.24

30.11.23

£

Bank loans

4,584

9,584

Hire purchase contracts

83,565

55,798

88,149

65,382

The Government backed loan of £25000 granted in 2020 is interest and payment free for 12 months and then repayable over 5 years commencing November 2021 at a rate of 2.5%.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of COWAP RAIL SERVICES LIMITED for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of COWAP RAIL SERVICES LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of COWAP RAIL SERVICES LIMITED and state those matters that we have agreed to state to the Board of Directors of COWAP RAIL SERVICES LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than COWAP RAIL SERVICES LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that COWAP RAIL SERVICES LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of COWAP RAIL SERVICES LIMITED. You consider that COWAP RAIL SERVICES LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of COWAP RAIL SERVICES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Milne Thomas and Co

27 Seller Street

Chester

Cheshire

CH1 3NA

Date: .............................................