Abbreviated Company Accounts - CORRIS RAILWAY COMPANY LIMITED(THE)

Abbreviated Company Accounts - CORRIS RAILWAY COMPANY LIMITED(THE)

CORRIS RAILWAY COMPANY LIMITED(THE) - Company Information

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Registered Number 01284837

CORRIS RAILWAY COMPANY LIMITED(THE)

Abbreviated Accounts

31 December 2013

CORRIS RAILWAY COMPANY LIMITED(THE) Registered Number 01284837

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 235,029 236,198
Investments 3 288 288
235,317 236,486
Current assets
Stocks 7,873 14,616
Debtors 1,161 2,834
Investments - -
Cash at bank and in hand 3,814 5,712
12,848 23,162
Prepayments and accrued income - -
Creditors: amounts falling due within one year 4 (15,337) (14,161)
Net current assets (liabilities) (2,489) 9,001
Total assets less current liabilities 232,828 245,487
Creditors: amounts falling due after more than one year 4 (372,713) (321,052)
Provisions for liabilities 0 0
Accruals and deferred income (8,745) (13,119)
Total net assets (liabilities) (148,630) (88,684)
Capital and reserves
Called up share capital 34,224 33,974
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account (182,854) (122,658)
Shareholders' funds (148,630) (88,684)
  • For the year ending 31 December 2013 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 September 2014

And signed on their behalf by:
R.S.Greenhough, Director

CORRIS RAILWAY COMPANY LIMITED(THE) Registered Number 01284837

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is the amount receivable for sales of goods & services in the UK, during the financial year, stated net of Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided on all Tangible Fixed Assets other than Freehold Land at rates calculated to write-off their cost evenly over their expected useful life as follows :
Railway Plant : 10% p.a. straight line basis
Permanent Way Materials : 10% p.a. straight line basis
Building Improvements : 10% p.a. straight line basis
New Buildings : 2% p.a. straight line basis
No depreciation is written off the Freehold Land, as the Directors are of the opinion that the value of the Freehold Land would not be less than cost.
Depreciation of assets under construction at the end of the year will not commence until the assets are completed and in use.

2Tangible fixed assets
£
Cost
At 1 January 2013 358,012
Additions 10,791
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2013 368,803
Depreciation
At 1 January 2013 121,814
Charge for the year 11,960
On disposals 0
At 31 December 2013 133,774
Net book values
At 31 December 2013 235,029
At 31 December 2012 236,198

3Fixed assets Investments
Listed Investments

156 Ordinary Shares of 5p each in BT Group Plc at cost £288 (2012 : £288)

4Creditors
2013
£		 2012
£
Secured Debts 347,713 296,052
Instalment debts due after 5 years 25,000 25,000