Accounts Submission
Accounts Submission
RAIL SERVICES CORP LIMITED
Company Registration Number:
09825491
(England and Wales)
Unaudited statutory accounts for the year ended 28 February 2021
Period of accounts
Start date: 29 February 2020
End date: 28 February 2021
RAIL SERVICES CORP LIMITED
Contents of the Financial Statements
for the Period Ended 28 February 2021
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 9 |
RAIL SERVICES CORP LIMITED
Company Information
for the Period Ended 28 February 2021
Director: |
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Registered office: |
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Company Registration Number: |
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RAIL SERVICES CORP LIMITED
Balance sheet
As at
Notes |
2021 £ |
2020 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
RAIL SERVICES CORP LIMITED
Balance sheet continued
As at 28 February 2021
Notes |
2021 £ |
2020 £ |
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Capital and reserves | |||
Called up share capital: |
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Revaluation reserve: | 6 |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
RAIL SERVICES CORP LIMITED
Notes to the Financial Statements
for the Period Ended 28 February 2021
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1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks
and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date
to the total estimated contract costs.Tangible fixed assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life,
RAIL SERVICES CORP LIMITED
Notes to the Financial Statements
for the Period Ended 28 February 2021
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2. Employees
2021
2020Average number of employees during the period 5 5
RAIL SERVICES CORP LIMITED
Notes to the Financial Statements
for the Period Ended 28 February 2021
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3. Off balance sheet disclosure
No
RAIL SERVICES CORP LIMITED
Notes to the Financial Statements
for the Period Ended 28 February 2021
4. Tangible assets
Plant & machinery | Motor vehicles | Total | |
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Cost | £ | £ | £ |
At 29 February 2020 |
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Additions |
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Disposals | - | - | - |
Revaluations | - | - | - |
Transfers | - | - | - |
At 28 February 2021 |
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Depreciation | |||
At 29 February 2020 |
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Charge for year |
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On disposals | - | - | - |
Other adjustments | - | - | - |
At 28 February 2021 |
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Net book value | |||
At 28 February 2021 |
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At 28 February 2020 |
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RAIL SERVICES CORP LIMITED
Notes to the Financial Statements
for the Period Ended 28 February 2021
5.Creditors: amounts falling due within one year note
2021 £ |
2020 £ |
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Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Total |
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RAIL SERVICES CORP LIMITED
Notes to the Financial Statements
for the Period Ended 28 February 2021
6. Revaluation reserve
2021 £ |
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Balance at 29 February 2020 |
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Surplus or deficit after revaluation |
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Balance at 28 February 2021 |
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