Accounts

Registered number: 07692239 (England and Wales)

07692239 This company is a private limited company This company sells stuff to other companies The company was trading for the entire period Full Accounts 2019-01-31 false Leahtech Rail Management Limited The accounts were prepared in accordance with FRS102A The accounts have been audited Christopher Andrew Robinson 2018-02-01

Leahtech Rail Management Limited Filleted Accounts For the year ended 31 January 2019

Leahtech Rail Management Limited

Table of contents
Company information	3
Abridged balance sheet	4
Notes to the financial statements	5

Leahtech Rail Management Limited

Company information
For the year ended 31 January 2019
Director	:	Christopher Andrew Robinson
Registered office	:	Suite 22 2Nd Floor
		Winsor & Newton Building
		Whitefriars Avenue
		England
		HA3 5RN
Company number	:	07692239

Leahtech Rail Management Limited

Abridged balance sheet

As at 31 January 2019

			2019		2018
	Notes		£		£
Fixed assets
Property, plant and equipment			3,053		4,071
	4		3,053		4,071
Current assets
Debtors			60,511		40,010
Cash and cash equivalents			75,570		62,741
			136,080		102,751
Current liabilities
Creditors: Amounts falling due within one year			(14,589)		(9,892)
Corporation tax payable			(26,829)		(8,871)
			(41,418)		(18,763)
Net current assets/(liabilities)			94,662		83,988
Total assets less current liabilities			97,715		88,059
Net assets/(liabilities)			97,715		88,059
Capital and reserves
Called up share capital			100		100
Retained earnings			97,615		87,959
Shareholder's funds			97,715		88,059
The notes on pages 7 to 12 are an integral part of these financial statements. For the year ended 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
These financial statements were approved by the Board of directors on 28 February 2020 and were signed on its behalf by:
.............................
Christopher Andrew Robinson (Director)
Company registration number: 07692239

Leahtech Rail Management Limited

Notes to the financial statements

For the year ended 31 January 2019

(1) General Information

Leahtech Rail Management Limited is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Suite 22 2nd Floor,Winsor and amp; Newton Building,Whitefriars Avenue,England,HA3 5RN.

(2) Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. a) Statement of compliance These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. b) Basis of preparation The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. c) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below. d) Property, plant and equipment Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items. Depreciation is recognised so as to write off the cost or valuation of assets (other than freehold land) less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows: Asset class and depreciation rate Land And Buildings Plant and Machinery Short Leasehold Properties Investment Properties Long Leasehold Properties Commercial Vehicles Fixtures and Fittings Equipment 25% reducing balance Motor Cars An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in profit or loss, and included in other operating income. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from 'profit before tax' as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(3) Employees

During the year, the average number of employees including directors was 1 (2018 : 1)

(4) Fixed assets

Tangible £ Totals £ Cost As at 01 February 2018 15,759 15,759 As at 31 January 2019 15,759 15,759 Depreciation/Amortisation As at 01 February 2018 11,688 11,688 For the year 1,018 1,018 As at 31 January 2019 12,706 12,706 Net book value As at 31 January 2019 3,053 3,053 As at 31 January 2018 4,071 4,071

(5) Related Party Transactions

On 01 August 2017, a loan of sum £35,000 was made available to Mr. Christopher A Robinson. This Loan is repayable on demand and subject to 4% interest per anum. At the balance sheet date, the loan is outstanding. During the accounting period under review, a further loan of £20,500 was made to Mr. Christopher A Robinson. This loan is repayable on demand and is subject to interest at the rate of 4%. At the balance sheet date, the total loans outstanding is £55,500 (2018 - £35,000).