Railway & Industrial Safety Consultants - Accounts to registrar (filleted) - small 22.3

Railway & Industrial Safety Consultants - Accounts to registrar (filleted) - small 22.3

RAILWAY AND INDUSTRIAL SAFETY CONSULTANTS LTD - Company Information

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REGISTERED NUMBER: 04538332 (England and Wales)











Railway And Industrial Safety
Consultants Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2022





Haines Watts
6 Charter Point Way
Ashby Business Park
Ashby De La Zouch
Leicestershire
LE65 1NF








Railway And Industrial Safety
Consultants Ltd (Registered number: 04538332)

Contents of the Financial Statements
for the Year Ended 31 December 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Railway And Industrial Safety
Consultants Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: D Greenway





SECRETARY: Mrs N Greenway





REGISTERED OFFICE: Harlyn House
3 Doveridge Road
Stapenhill
Burton on Trent
Staffordshire
DE15 9GB





REGISTERED NUMBER: 04538332 (England and Wales)





ACCOUNTANTS: Haines Watts
6 Charter Point Way
Ashby Business Park
Ashby De La Zouch
Leicestershire
LE65 1NF
Page 1
Railway And Industrial Safety
Consultants Ltd (Registered number: 04538332)

Statement of Financial Position
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 159 313

CURRENT ASSETS
Stocks 6 6,108 2,000
Debtors 7 55,761 2,465
Cash at bank and in hand 46,639 81,020
108,508 85,485
CREDITORS
Amounts falling due within one year 8 27,821 2,979
NET CURRENT ASSETS 80,687 82,506
TOTAL ASSETS LESS CURRENT LIABILITIES 80,846 82,819

PROVISIONS FOR LIABILITIES 145 145
NET ASSETS 80,701 82,674

CAPITAL AND RESERVES
Called up share capital 9 5 5
Retained earnings 80,696 82,669
SHAREHOLDERS' FUNDS 80,701 82,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 February 2023 and were signed by:





D Greenway - Director


The notes form part of these financial statements

Page 2
Railway And Industrial Safety
Consultants Ltd (Registered number: 04538332)

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

Railway And Industrial Safety Consultants Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is stated net of VAT and comprises the sales value of goods sold, work done and services rendered on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Page 3 continued...
Railway And Industrial Safety
Consultants Ltd (Registered number: 04538332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2022
and 31 December 2022 468
DEPRECIATION
At 1 January 2022 155
Charge for year 154
At 31 December 2022 309
NET BOOK VALUE
At 31 December 2022 159
At 31 December 2021 313

6. STOCKS
2022 2021
£    £   
Finished goods 6,108 2,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 55,761 2,465

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 15,987 -
Tax 13 -
Social security and other taxes 482 315
VAT 8,748 257
Other creditors 837 774
Directors' current accounts 240 120
Accrued expenses 1,514 1,513
27,821 2,979

9. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary 1.00 2 2
1 Ordinary B 1.00 1 1
2 Ordinary C 1.00 2 2
5 5

Page 4 continued...
Railway And Industrial Safety
Consultants Ltd (Registered number: 04538332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr D Greenway, made loans to the company which are interest free and repayable on demand. At the end of the year the total amount owned to the director was £240 (2021: £120).

Page 5