Railway Brake Services Limited - Abbreviated accounts 16.3

Railway Brake Services Limited - Abbreviated accounts 16.3

RAILWAY BRAKE SERVICES LIMITED - Company Information

Print Friendly Version

05922192 1.10.15 30.9.16 30.9.16 Company accounts Private Limited Company FY true false true false false true false "A" Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure059221922015-09-30059221922016-09-30059221922015-10-012016-09-30059221922014-09-30059221922014-10-012015-09-30059221922015-09-3005922192ns12:England2015-10-012016-09-3005922192ns14:PoundSterling2015-10-012016-09-3005922192ns7:Director12015-10-012016-09-3005922192ns7:OrdinaryShareClass12015-10-012016-09-3005922192ns7:Director22015-10-012016-09-3005922192ns7:CompanySecretary2015-10-012016-09-3005922192ns7:RegisteredOffice2015-10-012016-09-3005922192ns7:EntityAccountantsOrAuditors2015-10-012016-09-3005922192ns5:PlantMachinery2015-10-012016-09-3005922192ns5:FixturesFittings2015-10-012016-09-3005922192ns5:ComputerEquipment2015-10-012016-09-3005922192ns7:OrdinaryShareClass12016-09-3005922192ns7:OrdinaryShareClass12015-09-30
REGISTERED NUMBER: 05922192 (England and Wales)










Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

Railway Brake Services Limited

Railway Brake Services Limited (Registered number: 05922192)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Railway Brake Services Limited

Company Information
for the Year Ended 30 September 2016







DIRECTORS: K Nicholson
G A B Wilson





SECRETARY: G A B Wilson





REGISTERED OFFICE: Unit 2
Sidings Industrial Estate
Wetmore Road
Burton-on-Trent
Staffordshire
DE14 1SB





REGISTERED NUMBER: 05922192 (England and Wales)





ACCOUNTANTS: Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD
Page 1
Railway Brake Services Limited (Registered number: 05922192)

Abbreviated Balance Sheet
30 September 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 4,030 2,753

CURRENT ASSETS
Stocks 19,912 12,771
Debtors 83,056 106,103
Cash at bank and in hand 31,982 6,197
134,950 125,071
CREDITORS
Amounts falling due within one year 79,349 85,539
NET CURRENT ASSETS 55,601 39,532
TOTAL ASSETS LESS CURRENT
LIABILITIES
59,631
42,285

PROVISIONS FOR LIABILITIES 715 440
NET ASSETS 58,916 41,845

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 58,914 41,843
SHAREHOLDERS' FUNDS 58,916 41,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
Railway Brake Services Limited (Registered number: 05922192)

Abbreviated Balance Sheet - continued
30 September 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 15 June 2017 and were signed on its
behalf by:





K Nicholson - Director


The notes form part of these abbreviated accounts

Page 3
Railway Brake Services Limited (Registered number: 05922192)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents the net sales value of goods and services provided in the period, excluding
value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving
at the operating result.

Hire purchase and leasing commitments
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 and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

Factored debts
The company utilises the services of a factoring company and assigns some of its invoices in return
for an advance of 80%. The factoring company provides finance for a period of 30 days after which
the company must repay the advance if the invoice remains unpaid.
The company recognises its trade debts as an asset on the balance sheet and the advance from the
factoring company as a liability

Page 4 continued...
Railway Brake Services Limited (Registered number: 05922192)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 6,396
Additions 2,390
At 30 September 2016 8,786
DEPRECIATION
At 1 October 2015 3,643
Charge for year 1,113
At 30 September 2016 4,756
NET BOOK VALUE
At 30 September 2016 4,030
At 30 September 2015 2,753

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
2 "A" Ordinary Shares 1 2 2

Page 5