RAIL MANAGEMENT SERVICES LIMITED

RAIL MANAGEMENT SERVICES LIMITED - Company Information

2022-01-012022-12-312022-12-31false02693582RAIL MANAGEMENT SERVICES LIMITED2023-09-2633170iso4217:GBPxbrli:pure026935822022-01-01026935822022-12-31026935822022-01-012022-12-31026935822021-01-01026935822021-12-31026935822021-01-012021-12-3102693582bus:SmallEntities2022-01-012022-12-3102693582bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3102693582bus:FullAccounts2022-01-012022-12-3102693582bus:PrivateLimitedCompanyLtd2022-01-012022-12-3102693582core:WithinOneYear2022-12-3102693582core:AfterOneYear2022-12-3102693582core:WithinOneYear2021-12-3102693582core:AfterOneYear2021-12-3102693582core:ShareCapital2022-12-3102693582core:SharePremium2022-12-3102693582core:RevaluationReserve2022-12-3102693582core:OtherReservesSubtotal2022-12-3102693582core:RetainedEarningsAccumulatedLosses2022-12-3102693582core:ShareCapital2021-12-3102693582core:SharePremium2021-12-3102693582core:RevaluationReserve2021-12-3102693582core:OtherReservesSubtotal2021-12-3102693582core:RetainedEarningsAccumulatedLosses2021-12-3102693582core:LandBuildings2022-12-3102693582core:PlantMachinery2022-12-3102693582core:Vehicles2022-12-3102693582core:FurnitureFittings2022-12-3102693582core:OfficeEquipment2022-12-3102693582core:NetGoodwill2022-12-3102693582core:IntangibleAssetsOtherThanGoodwill2022-12-3102693582core:ListedExchangeTraded2022-12-3102693582core:UnlistedNon-exchangeTraded2022-12-3102693582core:LandBuildings2021-12-3102693582core:PlantMachinery2021-12-3102693582core:Vehicles2021-12-3102693582core:FurnitureFittings2021-12-3102693582core:OfficeEquipment2021-12-3102693582core:NetGoodwill2021-12-3102693582core:IntangibleAssetsOtherThanGoodwill2021-12-3102693582core:ListedExchangeTraded2021-12-3102693582core:UnlistedNon-exchangeTraded2021-12-3102693582core:LandBuildings2022-01-012022-12-3102693582core:PlantMachinery2022-01-012022-12-3102693582core:Vehicles2022-01-012022-12-3102693582core:FurnitureFittings2022-01-012022-12-3102693582core:OfficeEquipment2022-01-012022-12-3102693582core:NetGoodwill2022-01-012022-12-3102693582core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3102693582core:ListedExchangeTraded2022-01-012022-12-3102693582core:UnlistedNon-exchangeTraded2022-01-012022-12-3102693582core:MoreThanFiveYears2022-01-012022-12-3102693582core:Non-currentFinancialInstruments2022-12-3102693582core:Non-currentFinancialInstruments2021-12-3102693582dpl:CostSales2022-01-012022-12-3102693582dpl:DistributionCosts2022-01-012022-12-3102693582dpl:AdministrativeExpenses2022-01-012022-12-3102693582core:LandBuildings2022-01-012022-12-3102693582core:PlantMachinery2022-01-012022-12-3102693582core:Vehicles2022-01-012022-12-3102693582core:FurnitureFittings2022-01-012022-12-3102693582core:OfficeEquipment2022-01-012022-12-3102693582core:NetGoodwill2022-01-012022-12-3102693582core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3102693582dpl:GroupUndertakings2022-01-012022-12-3102693582dpl:ParticipatingInterests2022-01-012022-12-3102693582dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3102693582core:ListedExchangeTraded2022-01-012022-12-3102693582dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3102693582core:UnlistedNon-exchangeTraded2022-01-012022-12-3102693582dpl:CostSales2021-01-012021-12-3102693582dpl:DistributionCosts2021-01-012021-12-3102693582dpl:AdministrativeExpenses2021-01-012021-12-3102693582core:LandBuildings2021-01-012021-12-3102693582core:PlantMachinery2021-01-012021-12-3102693582core:Vehicles2021-01-012021-12-3102693582core:FurnitureFittings2021-01-012021-12-3102693582core:OfficeEquipment2021-01-012021-12-3102693582core:NetGoodwill2021-01-012021-12-3102693582core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3102693582dpl:GroupUndertakings2021-01-012021-12-3102693582dpl:ParticipatingInterests2021-01-012021-12-3102693582dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3102693582core:ListedExchangeTraded2021-01-012021-12-3102693582dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3102693582core:UnlistedNon-exchangeTraded2021-01-012021-12-3102693582core:NetGoodwill2022-12-3102693582core:IntangibleAssetsOtherThanGoodwill2022-12-3102693582core:LandBuildings2022-12-3102693582core:PlantMachinery2022-12-3102693582core:Vehicles2022-12-3102693582core:FurnitureFittings2022-12-3102693582core:OfficeEquipment2022-12-3102693582core:AfterOneYear2022-12-3102693582core:WithinOneYear2022-12-3102693582core:ListedExchangeTraded2022-12-3102693582core:UnlistedNon-exchangeTraded2022-12-3102693582core:ShareCapital2022-12-3102693582core:SharePremium2022-12-3102693582core:RevaluationReserve2022-12-3102693582core:OtherReservesSubtotal2022-12-3102693582core:RetainedEarningsAccumulatedLosses2022-12-3102693582core:NetGoodwill2021-12-3102693582core:IntangibleAssetsOtherThanGoodwill2021-12-3102693582core:LandBuildings2021-12-3102693582core:PlantMachinery2021-12-3102693582core:Vehicles2021-12-3102693582core:FurnitureFittings2021-12-3102693582core:OfficeEquipment2021-12-3102693582core:AfterOneYear2021-12-3102693582core:WithinOneYear2021-12-3102693582core:Liste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Registered Number
02693582
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

RAIL MANAGEMENT SERVICES LIMITED

Company Information
for the year from 1 January 2022 to 31 December 2022


Directors	GREGORY, Alistair James
	HERRING, Andrew
	STEWARD, James Ellis
	WARRINER, William Phillip


Registered Address	Maynard House
	40 Clarence Road
	Chesterfield
	S40 1LQ


Registered Number	02693582 (England and Wales)

RAIL MANAGEMENT SERVICES LIMITED

Statement of Financial Position
31 December 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		66,570		32,661
			66,570		32,661
Current assets
Stocks	8	15,983		4,720
Debtors	9	246,870		129,125
Cash at bank and on hand		60,231		5,590
		323,084		139,435
Creditors amounts falling due within one year	10	(493,290)		(267,905)
Net current assets (liabilities)			(170,206)		(128,470)
Total assets less current liabilities			(103,636)		(95,809)
Net assets			(103,636)		(95,809)
Capital and reserves
Called up share capital			3,217,255		3,217,255
Share premium			72,298		72,298
Other reserves			571,247		571,247
Profit and loss account			(3,964,436)		(3,956,609)
Shareholders' funds			(103,636)		(95,809)

The company was entitled to exemption from audit for this reporting period 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. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2023, and are signed on its behalf by:

WARRINER, William Phillip
Director
Registered Company No. 02693582

RAIL MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements
for the year ended 31 December 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Basis of measurement used in financial statements
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

3.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Depreciation is provided on all tangible fixed assets as follows: Rolling stock is depreciated 10% straight line

Property, plant and equipment policy

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income.

Depreciation is provided on all tangible fixed assets as follows:

Rolling stock is depreciated 10% straight line


		Straight line (years)
	Plant and machinery	10
	Office Equipment	25

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Leases policy

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Employee benefits policy
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits policy

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Valuation of financial instruments policy
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

4.	Employee information


		2022		2021
	Average number of employees during the year	11		11

5.	Property, plant and equipment

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 22	48,971	475,000	29,813	553,784
Additions	-	42,031	-	42,031
Disposals	-	(15,000)	-	(15,000)
At 31 December 22	48,971	502,031	29,813	580,815
Depreciation and impairment
At 01 January 22	17,710	475,000	28,413	521,123
Charge for year	4,860	2,143	1,119	8,122
On disposals	-	(15,000)	-	(15,000)
At 31 December 22	22,570	462,143	29,532	514,245
Net book value
At 31 December 22	26,401	39,888	281	66,570
At 31 December 21	31,261	-	1,400	32,661

6.	Off balance sheet pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £12,192 (2021 - £12,117).

7.	Description of nature of transactions and balances with related parties
	Included in other creditors are amounts owed to company directors. The loans are interest free and have no set terms for repayment.

8.	Stocks

	2022	2021
	£	£
Raw materials and consumables	15,983	4,720
Total	15,983	4,720

9.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	229,139	114,442
Other debtors	6,312	5,000
Prepayments and accrued income	11,419	9,683
Total	246,870	129,125


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	179,719	46,671
Amounts owed to related parties	128,412	79,000
Taxation and social security	68,781	44,799
Other creditors	107,477	52,496
Accrued liabilities and deferred income	8,901	44,939
Total	493,290	267,905


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.