Ashbourne Rail Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08129527 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Ashbourne Rail Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P F Foster

SECRETARY:

REGISTERED OFFICE:

2 Clifton Moor Business Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

REGISTERED NUMBER:

08129527 (England and Wales)

ACCOUNTANTS:

Beckingtons

2 Clifton Moor Business

Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

FIXED ASSETS

Tangible assets

2

1,024

699

CURRENT ASSETS

Stocks

2,129

4,000

Debtors

12,534

10,094

Cash at bank

36,111

46,477

50,774

60,571

CREDITORS

Amounts falling due within one year

28,756

30,512

NET CURRENT ASSETS

22,018

30,059

TOTAL ASSETS LESS CURRENT LIABILITIES

23,042

30,758

PROVISIONS FOR LIABILITIES

176

123

NET ASSETS

22,866

30,635

CAPITAL AND RESERVES

Called up share capital

3

50

50

Profit and loss account

22,816

30,585

SHAREHOLDERS' FUNDS

22,866

30,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 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 director on 13 January 2015 and were signed by:

P F Foster - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of services, 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 etc

-

33% on cost

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

822

Additions

1,129

Disposals

(299

)

At 31 July 2014

1,652

DEPRECIATION

At 1 August 2013

123

Charge for year

650

Eliminated on disposal

(145

)

At 31 July 2014

628

NET BOOK VALUE

At 31 July 2014

1,024

At 31 July 2013

699

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

50

Ordinary

£1

50

50