RAILTRAIL TOURS LIMITED - Filleted accounts

RAILTRAIL TOURS LIMITED
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		43,034			47,248

Current assets
Debtors	5	281,414			578,595
Cash at bank and in hand		1,062,566			1,055,177

		1,343,980			1,633,772
Creditors: amounts falling due within one year	6	(1,163,976)			(1,432,752)

Net current assets			180,004			201,020

Total assets less current liabilities			223,038			248,268

Creditors: amounts falling due after more than one year	7		(3,333)			(23,333)

Provisions for liabilities			(6,025)			(6,745)

Net assets			213,680			218,190

Capital and reserves
Called up share capital			10,000			10,000
Profit and loss account			203,680			208,190

Shareholder's funds			213,680			218,190


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 4 June 2026

RAILTRAIL TOURS LIMITED
Notes to the Accounts
for the year ended 28 February 2026






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		2026		2025
Number				Number

	Average number of persons employed by the company		20		20


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 March 2025				4,889
	At 28 February 2026				4,889

	Amortisation
	At 1 March 2025				4,889
	At 28 February 2026				4,889

	Net book value
	At 28 February 2026				-

	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 2025				153,945
	Additions				3,382
	At 28 February 2026				157,327

	Depreciation
	At 1 March 2025				106,697
	Charge for the year				7,596
	At 28 February 2026				114,293

	Net book value
	At 28 February 2026				43,034
	At 28 February 2025				47,248


5	Debtors		2026		2025
£				£

	Prepayments		268,598		575,362
	Other debtors		12,816		3,233
			281,414		578,595


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans (unsecured)		20,000		20,000
	Deposits in advance		1,007,413		982,175
	Trade creditors		122,641		412,933
	Other taxes and social security costs		13,921		11,802
	Director's loan account		1		5,842
			1,163,976		1,432,752





7	Creditors: amounts falling due after more than one year		2026		2025
£				£

	Bank loans (unsecured)		3,333		23,333


8	Controlling party
	Mr. D.C. Felstead, a 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.