Essex Locomotive Society Limited (The) - Accounts to registrar (filleted) - small 18.2
Essex Locomotive Society Limited (The) - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 |
| FOR |
| ESSEX LOCOMOTIVE SOCIETY LIMITED (THE) |
| ESSEX LOCOMOTIVE SOCIETY LIMITED (THE) (REGISTERED NUMBER: 01095639) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| ESSEX LOCOMOTIVE SOCIETY LIMITED (THE) |
| COMPANY INFORMATION |
| for the year ended 31 December 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ESSEX LOCOMOTIVE SOCIETY LIMITED (THE) (REGISTERED NUMBER: 01095639) |
| STATEMENT OF FINANCIAL POSITION |
| 31 December 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Capital redemption reserve |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| ESSEX LOCOMOTIVE SOCIETY LIMITED (THE) (REGISTERED NUMBER: 01095639) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 December 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
| ESSEX LOCOMOTIVE SOCIETY LIMITED (THE) (REGISTERED NUMBER: 01095639) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2020 |
| 1. | STATUTORY INFORMATION |
| Essex Locomotive Society Limited (The) is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration. |
| Tangible fixed assets |
| Plant and machinery has been included in the balance sheet at valuation. No depreciation has been provided which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors the current value of plant and machinery is of more significance and any provision of depreciation would not give a true and fair view. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ESSEX LOCOMOTIVE SOCIETY LIMITED (THE) (REGISTERED NUMBER: 01095639) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2020 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 January 2020 |
| and 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| 5. | DEBTORS |
| 2020 | 2019 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security | ( |
) |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other creditors |
| ESSEX LOCOMOTIVE SOCIETY LIMITED (THE) (REGISTERED NUMBER: 01095639) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2020 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2020 | 2019 |
| £ | £ |
| Other loans |
| The loan is secured by a debenture with a fixed and floating charge over the company's assets. |