RAIL SERVICES CORP LIMITED

RAIL SERVICES CORP LIMITED

RAIL SERVICES CORP LIMITED - Company Information

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RAIL SERVICES CORP LIMITED

Company Registration Number:
09825491 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

RAIL SERVICES CORP LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

RAIL SERVICES CORP LIMITED

Balance sheet

As at 28 February 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 1,051,815 562,800
Total fixed assets: 1,051,815 562,800
Current assets
Stocks: 120 75,120
Debtors:   0 9,840
Cash at bank and in hand: 3,062 16,012
Total current assets: 3,182 100,972
Creditors: amounts falling due within one year:   (207,855) (152,636)
Net current assets (liabilities): (204,673) (51,664)
Total assets less current liabilities: 847,142 511,136
Provision for liabilities: (168,000) (168,000)
Total net assets (liabilities): 679,142 343,136
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:4427,600225,000
Profit and loss account: 251,442 118,036
Shareholders funds: 679,142 343,136

The notes form part of these financial statements

RAIL SERVICES CORP LIMITED

Balance sheet statements

For the year ending 28 February 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.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 November 2023
and signed on behalf of the board by:

Name: Grant Elson
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 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

RAIL SERVICES CORP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 5 5

RAIL SERVICES CORP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 562,800
Additions 286,415
Revaluations 202,600
At 28 February 2023 1,051,815
Depreciation
At 01 March 2022 0
At 28 February 2023 0
Net book value
At 28 February 2023 1,051,815
At 28 February 2022 562,800

RAIL SERVICES CORP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Revaluation reserve

2023
£
Balance at 01 March 2022 225,000
Surplus or deficit after revaluation 202,600
Balance at 28 February 2023 427,600