REGISTERED NUMBER: 08876085 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2016 TO 31 MARCH 2017

FOR

RAILSMART LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G M Pereira

Mrs V J Pereira

SECRETARY:

A J Company Formations Limited

REGISTERED OFFICE:

The Coach House

The Square

Sawbridgeworth

Hertfordshire

CM21 9AE

REGISTERED NUMBER:

08876085 (England and Wales)

ACCOUNTANTS:

Ashley James Limited

The Coach House

The Square

Sawbridgeworth

Hertfordshire

CM21 9AE

FIXED ASSETS

Tangible assets

4

-

2,048

CURRENT ASSETS

Debtors

5

11,266

2,100

Cash at bank

4,671

18,414

15,937

20,514

CREDITORS

Amounts falling due within one year

6

(15,907

)

(17,360

)

NET CURRENT ASSETS

30

3,154

TOTAL ASSETS LESS CURRENT LIABILITIES

30

5,202

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

28

5,200

SHAREHOLDERS' FUNDS

30

5,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 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 Board of Directors on 15 October 2017 and were signed on its behalf by:

G M Pereira - Director

1.	STATUTORY INFORMATION

RAILSMART 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

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

-

25% on cost and 15% on reducing balance

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

3,570

Additions

1,290

Disposals

(4,860

)

At 31 March 2017

-

DEPRECIATION

At 1 March 2016

1,522

Eliminated on disposal

(1,522

)

At 31 March 2017

-

NET BOOK VALUE

At 31 March 2017

-

At 29 February 2016

2,048

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

29/2/16

£

£

Other debtors

11,266

2,100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

29/2/16

£

£

Trade creditors

-

163

Taxation and social security

13,958

11,919

Other creditors

1,949

5,278

15,907

17,360

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within debtors is the debit balance on the director's loan account of G M Pereira amounting to £9,166 (2016 credit

balance £3,478).