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| Specialised Rail Contractors Limited |
For the year ended 31 May 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07094748
2
Specialised Rail Contractors Limited
For the year ended 31 May 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Chartered Accountants' Report
For the year ended 31 May 2015
Specialised Rail Contractors Limited
Chartered Accountants' Report to the Board of Directors
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Specialised |
| Rail Contractors Limited for the year ended 31 May 2015 which comprise the Profit and Loss Account, the Balance Sheet and the |
| related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other |
| professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Specialised Rail Contractors Limited, as a body, in accordance with the terms of |
| our engagement letter dated 27 February 2014. Our work has been undertaken solely to prepare for your approval the accounts of |
| Specialised Rail Contractors Limited and state those matters that we have agreed to state to the Board of Directors of Specialised Rail |
| Contractors Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent |
| permitted by law, we do not accept or assume responsibility to anyone other than Specialised Rail Contractors Limited and its Board of |
| Directors as a body for our work or for this report. |
| It is your duty to ensure that Specialised Rail Contractors Limited has kept adequate accounting records to prepare statutory accounts |
| that give a true and fair view of the assets, liabilities, financial position and profit of Specialised Rail Contractors Limited. You consider |
| that Specialised Rail Contractors Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Specialised Rail Contractors Limited. For this reason, |
| we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and |
| we do not, therefore, express any opinion on the statutory accounts. |
Johnson Walker
Horizon House
2 Whiting Street
Sheffield
S8 9QR
1 of 4
4
| Abbreviated Balance Sheet |
Specialised Rail Contractors Limited
2015
2014
2
7,478
10,330
7,478
10,330
33,608
32,352
46,890
37,803
36,642
42,370
106,797
122,868
| Creditors: amounts falling due within one year |
(107,838)
(87,430)
15,030
19,367
Net current assets
| Total assets less current liabilities |
26,845
25,360
26,845
Net assets
25,360
100
3
100
26,745
25,260
26,845
25,360
Shareholders funds
| For the year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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 in accordance with the provisions applicable to companies subject to the small companies regime.
| Date approved by the board: 30 January 2016 |
| Mr Stuart Anthony Fish Director |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
For the year ended 31 May 2015
Specialised Rail Contractors Limited
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders |
| prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
| Stocks 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 costs and an appropriate proportion of fixed and variable overheads. |
25,580
25,580
15,250
2,852
Charge for year
18,102
7,478
10,330
3 of 4
6
| Notes to the Abbreviated Financial Statements |
For the year ended 31 May 2015
Specialised Rail Contractors Limited
| Allotted called up and fully paid |
2015
2014
| 100 Class A shares of £1.00 each |
100
100
100
100
4 of 4
