| Colman Rail Services Limited |
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| Directors Report |
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| for the Period Ended 31 March 2023 |
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| The directors present their report with the financial statements of the company for the |
| period ended 31 March 2023 |
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| Principal activities |
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| The principal activity of the company in the period under review was |
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| Rail consultancy activities |
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| Directors |
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| The director(s) shown below have held office during the whole of the period |
| Alan Howard |
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| Political and charitable donations |
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2023 |
2,022 |
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| Charitable donations during the year amounted to |
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205 |
50 |
| Small Company Provisions |
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| These accounts have been prepared in accordance with the provisions applicable to |
| companies subject to the small companies regime. |
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| This report was approved by the board of directors on |
2023-11-09 |
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| and signed on behalf of the board by |
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| Name |
Alan Howard |
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| Status |
Director |
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Page 4 |
| Colman Rail Services Limited |
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| Accountants' Report |
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| for the Period Ended 31 March 2023 |
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| Independent accountants' report |
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| Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 March 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 March 2023 as set out on pages 3 to 15 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the |
| accounts of the company and state those matters that we have agreed to state to the Board of Directors |
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| of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or |
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| assume responsibility to anyone other than the company and its Board of Directors as a body for our |
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| work or for this report. |
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| It is your duty to ensure the company has kept adequate accounting records and to prepare statutory |
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| accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of |
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| the company. You consider the company is exempt from the statutory audit requirement for the |
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| We have not been instructed to carry out an audit of the financial statements. For this reason, we |
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| have not verified the accuracy or completeness of the accounting records or information and |
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| explanations you have given to us and we do not, therefore, express any opinion on the financial |
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| statements. |
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| Derngate Advisory Services Ltd |
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| 10 Lenton Close |
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| Broughton |
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| Kettering |
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| Northants |
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| NN14 1PG |
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| Date |
2023-11-09 |
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Page 5 |
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| Colman Rail Services Limited |
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| Balance Sheet |
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| for the Period Ended 31 March 2023 |
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| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
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| For the year ending 31 March 2023 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. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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| The financial statements were approved by the Board of Directors on |
2023-11-09 |
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| SIGNED ON BEHALF OF THE BOARD BY |
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| Name |
Alan Howard |
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| The notes form part of these financial statements |
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| Average number of employees during period |
17 |
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Page 8 |
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| Colman Rail Services Limited |
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| Notes to the Financial Statements |
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| for the Period Ended 31 March 2023 |
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| 1. Accounting policies |
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| Basis of preparation |
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| The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime. |
| Going Concern |
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| 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 |
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| The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT. |
| Stocks |
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| 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. |
| Hire purchase and leasing commitments |
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| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. |
| Pension costs |
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| The company operates a defined contribution pension scheme for employees. The annual contributionspayable are charged to the profit and loss account. |
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Page 9 |
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| Colman Rail Services Limited |
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| Notes to the Financial Statements |
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| for the Period Ended 31 March 2023 |
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| 2. Turnover |
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2023 |
2,022 |
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£ |
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| United Kingdom |
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1,554,109 |
1,840,920 |
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| Total |
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1,554,109 |
1,840,920 |
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| 3. Operating profit/(loss) |
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2023 |
2,022 |
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| Profit before tax as stated after charging the following |
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| Depreciation - assets on hire purchase contract |
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4,366 |
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| Accountants and audit fees |
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1,000 |
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| 4. Taxation |
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| The tax charge on the profit on ordinary activities |
2023 |
2,022 |
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| for the period was as follows |
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| UK Corporation Tax net of reliefs |
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(11,860) |
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| Tax on profit on ordinary activities |
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0 |
(11,860) |
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Page 10 |
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| Colman Rail Services Limited |
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| Notes to the Financial Statements |
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| for the Period Ended 31 March 2023 |
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| 6. Stocks |
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2023 |
2,022 |
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| Raw materials |
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91,100 |
108,620 |
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| Total |
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91,100 |
108,620 |
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| 7. Debtors |
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2023 |
2,022 |
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| Trade debtors |
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719,060 |
625,063 |
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| Prepayments and accrued income |
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12,305 |
25,286 |
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| Total |
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731,365 |
650,349 |
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| 8. Creditors amounts falling due within one year |
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2023 |
2,022 |
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| Bank loans and overdrafts |
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53,630 |
116,687 |
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| Trade creditors |
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136,661 |
230,184 |
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| Corporation tax |
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(11,857) |
(11,857) |
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| Other taxation and social security |
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149,654 |
16,403 |
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| Total |
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328,088 |
351,417 |
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| 9. Creditors amounts falling due after more than one year |
2023 |
2,022 |
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| Bank loans |
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150,925 |
158,489 |
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| Amounts due under finance leases and |
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| hire purchase contracts |
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13,710 |
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| Other creditors |
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303,032 |
225,559 |
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| Total |
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467,667 |
384,048 |
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Page 12 |
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