Np Rail Limited - Limited company accounts 20.1

REGISTERED NUMBER: 08980494 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Np Rail Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Mr N Prince

REGISTERED OFFICE:

Unit 9 Creekmouth Ind Estate

57 River Road

Barking

Essex

IG11 0DA

REGISTERED NUMBER:

08980494 (England and Wales)

ACCOUNTANTS:

BSM (U.K) Accountants Ltd

Unit 9 Creekmouth Industrial Estate

57 River Road

Barking

Essex

IG11 0DA

The director presents his report with the financial statements of the company for the year ended 30 April 2020.

INCORPORATION

The company was incorporated on 7 April 2014 .

DIRECTOR

Mr N Prince held office during the whole of the period from 1 May 2019 to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mr N Prince - Director

28 May 2020

TURNOVER

37,407

Cost of sales

3,625

GROSS PROFIT

33,782

Distribution costs

857

Administrative expenses

26,703

27,560

OPERATING PROFIT

4

6,222

Interest receivable and similar income

9

PROFIT BEFORE TAXATION

6,231

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

6,231

FIXED ASSETS

Tangible assets

5

3,695

CURRENT ASSETS

Debtors

6

2,083

Cash at bank

1,484

3,567

CREDITORS

Amounts falling due within one year

7

1,735

NET CURRENT ASSETS

1,832

TOTAL ASSETS LESS CURRENT LIABILITIES

5,527

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

5,427

SHAREHOLDERS' FUNDS

5,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 28 May 2020 and were signed by:

Mr N Prince - Director

1.	STATUTORY INFORMATION

Np Rail 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

811

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2019

and 30 April 2020

4,506

DEPRECIATION

Charge for year

811

At 30 April 2020

811

NET BOOK VALUE

At 30 April 2020

3,695

At 30 April 2019

4,506

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Directors' current accounts

2,083

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other loans

935

Accrued expenses

800

1,735