Company Registration No. 12753095 (England and Wales)
Railmen of Kent Limited
Unaudited accounts
for the year ended 31 July 2022
Railmen of Kent Limited
Unaudited accounts
Contents
Railmen of Kent Limited
Company Information
for the year ended 31 July 2022
Directors
Mr FJW Garner
Mrs LM Garner
Company Number
12753095 (England and Wales)
Registered Office
Oakdene
Lenacre Street
Ashford
TN26 1JD
England
Accountants
Southern Accounting Limited
24 Halden Field
Rolvenden
Cranbrook
Kent
TN17 4BX
Railmen of Kent Limited
Statement of financial position
as at 31 July 2022
Tangible assets
36,689
26,136
Cash at bank and in hand
33,465
23,231
Creditors: amounts falling due within one year
(17,411)
(16,796)
Net current assets
45,034
36,275
Total assets less current liabilities
81,723
62,411
Provisions for liabilities
Deferred tax
(4,966)
(4,966)
Called up share capital
100
1
Profit and loss account
76,657
57,444
Shareholders' funds
76,757
57,445
For the year ending 31 July 2022 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2023 and were signed on its behalf by
Mr FJW Garner
Director
Company Registration No. 12753095
Railmen of Kent Limited
Notes to the Accounts
for the year ended 31 July 2022
Railmen of Kent Limited is a private company, limited by shares, registered in England and Wales, registration number 12753095. The registered office is Oakdene, Lenacre Street, Ashford, TN26 1JD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Other tangible fixed assets
10% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Railmen of Kent Limited
Notes to the Accounts
for the year ended 31 July 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2021
4,022
21,617
2,642
28,281
Additions
14,051
-
3,929
17,980
At 31 July 2022
18,073
21,617
6,571
46,261
At 1 August 2021
178
1,801
166
2,145
Charge for the year
1,086
4,954
1,387
7,427
At 31 July 2022
1,264
6,755
1,553
9,572
At 31 July 2022
16,809
14,862
5,018
36,689
At 31 July 2021
3,844
19,816
2,476
26,136
Amounts falling due within one year
Accrued income and prepayments
24,109
20,747
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
8,816
6,976
Other creditors
1,887
3,376
Loans from directors
911
900
7
Average number of employees
During the year the average number of employees was 4 (2021: 4).
