Colman Rail Services Limited xbrl

Colman Rail Services Limited xbrl

COLMAN RAIL SERVICES LIMITED - Company Information

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2021-04-01 2022-03-31 2022-03-31 false false The accounts were prepared in accordance with frs102 There is no accountants report AbridgedAccounts This company is a private limited company 07363501 2022-03-31 07363501 2021-03-31 07363501 2020-03-31 07363501 2021-04-01 2022-03-31 07363501 2020-04-01 2021-03-31 07363501 uk-cd-pres:AllEntityOfficers 2021-04-01 2022-03-31 07363501 uk-cd-pres:AllEntityOfficers 2020-04-01 2021-03-31 07363501 uk-cd-pres:CompanySecretary1 2021-04-01 2022-03-31 07363501 uk-cd-pres:CompanySecretaryDirector1 2021-04-01 2022-03-31 07363501 uk-cd-pres:CompanySecretaryDirector1 2022-03-31 07363501 uk-cd-pres:Director1 2021-04-01 2022-03-31 07363501 uk-cd-pres:Director1 2022-03-31 07363501 uk-cd-pres:AllOrdinaryShares 2022-03-31 07363501 uk-cd-pres:AllPreferenceShares 2022-03-31 07363501 uk-cd-pres:AllOrdinaryShares 2021-03-31 07363501 uk-cd-pres:AllPreferenceShares 2021-03-31 07363501 uk-cd-pres:AllOrdinaryShares 2021-04-01 2022-03-31 07363501 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Colman Rail Services Limited
 
 
Company Registration Number
07363501
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/04/2021
 
End date 31/03/2022
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Colman Rail Services Limited
 
Contents of the Financial Statements
for the Period Ended 31 March 2022
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Profit and Loss Account 5
 
Balance Sheet 6 - 7
 
Notes to the Financial Statements 8 - 11
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Colman Rail Services Limited
 
Company Information
for the Period Ended 31 March 2022
 
Directors Alan Howard
 
Company secretary David Doyle
 
Registered office Concept Park, Suite 6
Watling Street
Towcester, Northants
NN12 7YD
 
Company Registration Number 07363501
 
Accountants Name Derngate Advisory Services Ltd
Address 10 Lenton Close
Broughton
Kettering
Northants
NN14 1PG
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Colman Rail Services Limited
Directors Report
for the Period Ended 31 March 2022
The directors present their report with the financial statements of the company for the
period ended 31 March 2022
Principal activities
The principal activity of the company in the period under review was
Rail consultancy activities
Directors
The director(s) shown below have held office during the whole of the period
Alan Howard
Political and charitable donations 2022 2021
£ £
Charitable donations during the year amounted to 50 1,191
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2022-12-14
and signed on behalf of the board by
Name Alan Howard
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
Colman Rail Services Limited
 
Profit and Loss Account
for the Period Ended 31 March 2022
2022 2021
Notes £ £
 
Turnover 2 1,840,920 1,489,641
Cost of sales 1,496,205 1,213,615
______ ______
Gross Profit/(Loss) 344,715 276,026
 
Administrative expenses 466,968 444,384
______ ______
Operating costs 466,968 444,384
 
Other operating income 59,831 96,103
______ ______
Total other operating income/(loss) 59,831 96,103
______ ______
Operating Profit/(Loss) 3 (62,422) (72,255)
______ ______
Profit/(Loss) on ordinary activities before taxation (62,422) (72,255)
 
Tax on profit on ordinary activities 4 (11,860) (13,728)
______ ________
Profit/(Loss) for the financial period after taxation (50,562) (58,527)
There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 31 March 2022
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
Page 5
Colman Rail Services Limited
Balance Sheet
for the Period Ended 31 March 2022
Company registration number 07363501
2022 2021
Notes £ £
Current assets
Stocks 5 108,620 16,270
Debtors 6 650,349 542,530
Cash at bank and in hand 57,019 59,844
_______ _______
Total current assets/(liabilities) 815,988 618,644
Creditors
Creditors - amounts falling
due within one year 7 351,417 347,883
_______ _______
Net current assets 464,571 270,761
_______ _______
Total assets less current liabilities 464,571 270,761
_______ _______
Creditors - amounts falling
due after more than one year 8 384,048 225,000
_______ _______
Long term creditors 384,048 225,000
_____ _____
Net assets/(liabilities) 80,523 45,761
Capital and reserves
Called up share capital 9 130,250 30,250
Profit and loss account 10 (49,727) 15,511
________ _____
Total shareholders funds 80,523 45,761
 
 
 
 
 
 
 
 
 
 
 
Page 6
Colman Rail Services Limited
 
Balance Sheet
for the Period Ended 31 March 2022
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2022-12-14
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Alan Howard
 
The notes form part of these financial statements
Average number of employees during period 17
 
 
 
 
 
 
 
 
 
Page 7
Colman Rail Services Limited
Notes to the Financial Statements
for the Period Ended 31 March 2022
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Going Concern
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors,which has been confirmed for a period of at least twelve months from the approval of the financial statements.Accordingly the directors have prepared the financial statements on the going concern basis.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Stocks
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Pension costs
The company operates a defined contribution pension scheme for employees. The annual contributionspayable are charged to the profit and loss account.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
Colman Rail Services Limited
Notes to the Financial Statements
for the Period Ended 31 March 2022
2. Turnover 2022 2021
£ £
United Kingdom 1,840,920 1,489,641
_______ _______
Total 1,840,920 1,489,641
3. Operating profit/(loss) 2022 2021
Profit before tax as stated after charging the following £ £
Accountants and audit fees 1,000 1,000
4. Taxation
The tax charge on the profit on ordinary activities 2022 2021
for the period was as follows £ £
UK Corporation Tax net of reliefs (11,860) (13,728)
______ ______
Tax on profit on ordinary activities (11,860) (13,728)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Colman Rail Services Limited
Notes to the Financial Statements
for the Period Ended 31 March 2022
5. Stocks 2022 2021
Raw materials 108,620 16,270
Total 108,620 16,270
6. Debtors 2022 2021
Trade debtors 625,063 519,763
Other debtors 5,000
Prepayments and accrued income 25,286 17,767
______ ______
Total 650,349 542,530
7. Creditors amounts falling due within one year 2022 2021
Bank loans and overdrafts 116,687 50,926
Trade creditors 230,184 108,426
Corporation tax (11,857) 826
Other taxation and social security 16,403 186,705
Accruals and deferred income 1,000
______ ______
Total 351,417 347,883
8. Creditors amounts falling due after more than one year 2022 2021
Bank loans 158,489 195,000
Other creditors 225,559 30,000
______ ______
Total 384,048 225,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
Colman Rail Services Limited
Notes to the Financial Statements
for the Period Ended 31 March 2022
9. Share capital 2022 2021
Authorised type Par value £ £
Ordinary Shares A,B,C 1 130,250 30,250
______ _____
Total 130,250 30,250
Allotted, called up and paid £ £
Ordinary Shares A,B,C 130,250 30,250
______ _____
Total 130,250 30,250
10. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 April 2021 15,511
Profit/(Loss) for year (50,562)
Other adjustments (1)
Dividends paid 14,675
_________
Retained Profit/(Loss) at 31 March 2022 (49,727)
 
 
 
 
 
 
 
 
 
 
 
 
Page 11