Railway & Industrial Safety Consultants - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04538332

Railway And Industrial Safety

Consultants Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2016

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

D Greenway

SECRETARY:

Mrs N Greenway

REGISTERED OFFICE:

Harlyn House

3 Doveridge Road

Stapenhill

Burton on Trent

Staffordshire

DE15 9GB

REGISTERED NUMBER:

04538332

ACCOUNTANTS:

Haines Watts

6 Charter Point Way

Ashby Business Park

Ashby De La Zouch

Leicestershire

LE65 1NF

FIXED ASSETS

Tangible assets

5

2,027

1,095

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

6

5,836

4,490

Cash at bank and in hand

55,379

53,475

64,215

60,965

CREDITORS

Amounts falling due within one year

7

22,153

13,668

NET CURRENT ASSETS

42,062

47,297

TOTAL ASSETS LESS CURRENT LIABILITIES

44,089

48,392

PROVISIONS FOR LIABILITIES

405

219

NET ASSETS

43,684

48,173

CAPITAL AND RESERVES

Called up share capital

8

5

2

Retained earnings

9

43,679

48,171

SHAREHOLDERS' FUNDS

43,684

48,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13 June 2017 and were signed by:

D Greenway - Director

1.	STATUTORY INFORMATION

Railway & Industrial Safety Consultants Limited is a private company, limited by shares, registered in England

and Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgement,

estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from

other sources. The estimates and associated assumptions are based on historical experience and other factors

that are considered the be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised where the revision affects only that

period, or in the period of revision and the future periods where the revision affects both current and future

periods.

Turnover

Turnover is stated net of VAT and comprises the sales value of goods sold, work done and services rendered

on contracts.

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 etc

-

33% on cost and 15% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

5,593

Additions

2,052

At 31 December 2016

7,645

DEPRECIATION

At 1 January 2016

4,498

Charge for year

1,120

At 31 December 2016

5,618

NET BOOK VALUE

At 31 December 2016

2,027

At 31 December 2015

1,095

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

5,836

4,490

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

-

1

Taxation and social security

16,662

9,340

Other creditors

5,491

4,327

22,153

13,668

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

1

2

2

1

Ordinary B

1

1

-

2

Ordinary C

1

2

-

5

2

The following shares were allotted and fully paid for cash at par during the year:

0 Ordinary shares of 1 each

1 Ordinary B shares of 1 each

2 Ordinary C shares of 1 each

9.

RESERVES

Retained

earnings

£

At 1 January 2016

48,172

Profit for the year

35,507

Dividends

(40,000

)

At 31 December 2016

43,679

10.	FIRST YEAR ADOPTION

The company has adopted the provisions set out in FRS102 (Section 1A) for small companies. This is the first

year that the company has prepared financial statements under the new regulatory framework. It is not

considered that there are any transitional adjustments required to either the prior year figures nor those at the

transitional date, As such, no reconciliation is provided in these financial statements.