Irwell Rail Ltd - Period Ending 2018-01-31

Registration number: 08365410

Irwell Rail Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2018

Irwell Rail Ltd

Contents

Accountants' Report	1
Profit and Loss Account	2
Balance Sheet	3 to 5
Notes to the Financial Statements	4

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Irwell Rail Ltd
for the Year Ended 31 January 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Irwell Rail Ltd for the year ended 31 January 2018 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Irwell Rail Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Irwell Rail Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Irwell Rail Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Irwell Rail Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Irwell Rail Ltd. You consider that Irwell Rail Ltd 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 Irwell Rail Ltd. 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.

......................................

Company Requirements Ltd
53 High Street
Cleobury Mortimer
Worcestershire
DY14 8DQ

Date:.............................

Page 1

Irwell Rail Ltd

Profit and Loss Account for the Year Ended 31 January 2018

	2018 £	2017 £
Turnover	113,625	99,640
Other income	607	61
Cost of raw materials and consumables	(150)	(1,649)
Staff costs	(17,764)	(13,980)
Depreciation and other amounts written off assets	(508)	(553)
Other charges	(23,943)	(22,409)
Profit before tax	71,867	61,110
Taxation	(13,827)	(12,199)
Profit for the year	58,040	48,911

Page 2

Irwell Rail Ltd

(Registration number: 08365410)
Balance Sheet as at 31 January 2018

	2018 £	2017 £
Fixed assets	3,315	3,607
Current assets	39,744	18,448
Creditors: Amounts falling due within one year	(37,606)	(19,742)
Net current assets/(liabilities)	2,138	(1,294)
	5,453	2,313
Capital and reserves	5,453	2,313

Page 3

Irwell Rail Ltd

(Registration number: 08365410)
Balance Sheet as at 31 January 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18 Hazel Lane
Ashurst
Skelmersdale
Lancs
WN8 6UN
England

These financial statements were authorised for issue by the Board on 25 September 2018.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2017 - 2).

3	Related party transactions

Transactions with directors

2018	At 1 February 2017 £	Advances to directors £	Repayments by director £	At 31 January 2018 £
Christopher Bason
During the year a number of advances were made to the director	16,374	43,222	(27,802)	31,794
Interest was charged where the balance exceeded £10,000	-	590	-	590
	16,374	43,812	(27,802)	32,384

Page 4

Irwell Rail Ltd

(Registration number: 08365410)
Balance Sheet as at 31 January 2018

2017	At 1 February 2016 £	Advances to directors £	Repayments by director £	At 31 January 2017 £
Christopher Bason
During the year a number of advances were made to the director	5,330	28,574	(17,583)	16,321
Interest was charged where the balance exceeded £10,000	-	53	-	53
	5,330	28,627	(17,583)	16,374

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 25 September 2018 and signed on its behalf by:
 

.........................................

Christopher Bason
Director

Page 5