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07094748
2020-05-31
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2020-05-31
07094748
2019-05-31
07094748
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2019-05-31
07094748
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2019-06-01
2020-05-31
| Specialised Rail Contractors Limited |
| Registered Number:07094748 |
For the year ended 31 May 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2020
Specialised Rail Contractors Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Specialised Rail Contractors Limited
Statement of Financial Position
2019
2020
| Property, plant and equipment |
10,140
13,519
2
10,140
13,519
3,119
2,807
3
| Trade and other receivables |
126,934
88,400
4
41,208
| Cash and cash equivalents |
53,066
144,273
171,261
| Trade and other payables: amounts falling due within one year |
(29,698)
(25,053)
5
141,563
119,220
Net current assets
| Total assets less current liabilities |
129,360
155,082
| Trade and other payables: amounts falling due after more than one year |
(60,628)
-
6
129,360
Net assets
94,454
100
100
129,260
94,354
129,360
94,454
Shareholders' funds
| For the year ended 31 May 2020 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 2020 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his 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 applicable to companies subject to the small companies regime. |
| Mr Stuart Anthony Fish Director |
| These financial statements were approved and authorised for issue by the Board on 10 May 2021 and were signed by: |
| The notes form part of these financial statements |
1 of 3
4
For the year ended 31 May 2020
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. |
Horizon House
Sheffield
S. Yorks
S8 9QR
| The presentation currency is £ sterling. |
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
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 |
42,748
42,748
| Provision for depreciation and impairment |
29,229
Charge for year
3,379
32,608
10,140
13,519
2 of 3
5
For the year ended 31 May 2020
Specialised Rail Contractors Limited
Notes to the Financial Statements Continued
2019
2020
2,807
3,119
| 4. Trade and other receivables |
2019
2020
20,347
41,063
68,053
85,871
126,934
88,400
| The debtors above include the following amounts falling due after more than one year: |
-
71,501
| 5. Trade and other payables: amounts falling due within one year |
2019
2020
950
16,870
| Taxation and social security |
10,103
1,512
14,000
11,316
25,053
29,698
| 6. Trade and other payables: amounts falling due after more than one year |
2019
2020
-
60,628
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2019 : 2)
3 of 3
