Specialised Rail Contractors Limited,Ltd - AccountsLtd - Accounts

Specialised Rail Contractors Limited,Ltd - AccountsLtd - Accounts

SPECIALISED RAIL CONTRACTORS LIMITED - Company Information

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2017-06-01 07094748 2018-05-31 07094748 2017-06-01 2018-05-31 07094748 2017-05-31 07094748 2016-06-01 2017-05-31 07094748 uk-core:WithinOneYear 2017-05-31 07094748 uk-core:WithinOneYear 2018-05-31 07094748 uk-core:AfterOneYear 2017-05-31 07094748 uk-core:AfterOneYear 2018-05-31 07094748 uk-core:ShareCapital 2018-05-31 07094748 uk-core:ShareCapital 2017-05-31 07094748 uk-core:RetainedEarningsAccumulatedLosses 2018-05-31 07094748 uk-core:RetainedEarningsAccumulatedLosses 2017-05-31 07094748 uk-bus:Director1 2017-06-01 2018-05-31 07094748 uk-core:Vehicles 2017-06-01 2018-05-31 iso4217:GBP 07094748 uk-bus:AuditExemptWithAccountantsReport 2017-06-01 2018-05-31 07094748 uk-bus:FRS102 2017-06-01 2018-05-31 07094748 uk-bus:FullAccounts 2017-06-01 2018-05-31 07094748 uk-bus:PrivateLimitedCompanyLtd 2017-06-01 2018-05-31
Specialised Rail Contractors Limited
Registered Number:07094748
For the year ended 31 May 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2018
Specialised Rail Contractors Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 May 2018
Specialised Rail Contractors Limited
Statement of Financial Position
Registered Number :
07094748
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
18,025
22,531
2
18,025
22,531
Current assets
Inventories
5,199
9,211
3
Trade and other receivables
84,532
73,910
4
3,093
Cash and cash equivalents
71,383
154,504
92,824
Trade and other payables: amounts falling due within one year
(99,272)
(44,326)
5
(6,448)
110,178
Net current assets
Total assets less current liabilities
128,203
16,083
Trade and other payables: amounts falling due after more than one year
-
(30,000)
6
98,203
Net assets
16,083
Capital and reserves
Called up share capital
100
100
Retained earnings
98,103
15,983
98,203
16,083
Shareholders' funds
For the year ended 31 May 2018 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 of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Stuart Anthony Fish Director
These financial statements were approved and authorised for issue by the Board on 22 February 2019 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 May 2018
Specialised Rail Contractors Limited
Notes to the Financial Statements
Statutory Information
Specialised Rail Contractors Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
07094748.
Registered address:
Horizon House
Sheffield
S. Yorks
S8 9QR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Straight line
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Plant and
machinery
£
Cost or valuation
At 01 June 2017
42,748
At 31 May 2018
42,748
Provision for depreciation and impairment
At 01 June 2017
20,217
Charge for year
4,506
At 31 May 2018
24,723
At 31 May 2018
Net book value
18,025
At 31 May 2017
22,531
2 of 3
5
For the year ended 31 May 2018
Specialised Rail Contractors Limited
Notes to the Financial Statements Continued
3. Inventories
2017
2018
£
£
Stocks
9,211
5,199
4. Trade and other receivables
2017
2018
£
£
Trade debtors
27,116
84,532
Other debtors
46,794
-
84,532
73,910
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
23,055
48,106
Taxation and social security
20,319
6,114
Other creditors
952
45,052
44,326
99,272
6. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Other creditors
30,000
-
3 of 3