ACCOUNTS - Final Accounts preparation

MITCHELLSON RAIL LIMITED - Company Information

Print Friendly Version

Company Registration No. 06459367 (England and Wales)

MITCHELLSON RAIL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2019

Riordan O'Sullivan & Co

Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE


MITCHELLSON RAIL LIMITED

COMPANY INFORMATION

Directors	M L Masterson
	C M Mitchell


Company secretary	B J Courtney


Registered number	06459367


Registered office	Mitchellson House
	Stanwell Road
	Horton
	Slough
	Berks
	SL3 9PF


Accountants	Riordan O'Sullivan & Co
	Chartered Certified Accountants
	40 Chamberlayne Road
	London
	NW10 3JE


Bankers	Allied Irish Bank (GB)
	85 Uxbridge Road
	Ealing
	London
	W5 5TH


MITCHELLSON RAIL LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 3


MITCHELLSON RAIL LIMITED REGISTERED NUMBER:06459367

BALANCE SHEET

AS AT 31 MAY 2019

		2019		2018
Note		£		£


Current assets
Debtors	76,020		76,020
Cash at bank and in hand	1,024		1,022
	77,044		77,042
Creditors: amounts falling due within one year	(84,413)		(84,413)
Net current liabilities		(7,369)		(7,371)
Total assets less current liabilities		(7,369)		(7,371)

Net liabilities		(7,369)		(7,371)

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(7,469)	(7,471)
		(7,369)	(7,371)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 December 2019.

___________________________ M L Masterson	___________________________ C M Mitchell
Director	Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1


MITCHELLSON RAIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

1.	General information

Mitchellson Rail Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mitchellson House, Stanwell Road, Horton, Slough, Berkshire, SL3 9PF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.3

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.4

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand,deposits held at call with banks, other short-temr liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities..

Employees

The average monthly number of employees, including directors, during the year was 2 (2018 - 2).

4.	Share capital
		2019	2018
		£	£

Allotted, called up and fully paid

100 Ordinary share shares of £1 each	100	100

Page 2


MITCHELLSON RAIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

Related party transactions

The company is related to Mitchellson Formwork & Civil Engineering Limited, Horton Developments Limited, Three M's Harwich Limited and Mitchellson Plant Hire Limited by virtue of being under common control. The company is also related to Arlesey Developments Partnership where the directors are partners.
At the balance sheet date the following amounts were owed by the related undertaking:
Mitchellson Formwork & Civil Engineering Limited £53,500 (2018 - £53,500).
At the balance sheet date the following amounts were owed to the related undertaking:
Mitchellson Plant Hire Limited £84,413 (2018 - £84,413).

6.	Post balance sheet events

There were no events since the year end which materially affected the company.

Page 3