REGISTERED NUMBER: 09979266 (England and Wales)

AW RAIL NETWORK SYSTEM LIMITED

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 28 February 2018

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

A Webb

Ms N Shouler

REGISTERED OFFICE:

21 The Orchards

Ifield

Crawley

West Sussex

RH11 0QS

REGISTERED NUMBER:

09979266 (England and Wales)

ACCOUNTANTS:

The Bailey Partnership

Chartered Accountants

The Old Mill, Kings Mill

Kings Mill Lane

South Nutfield

Surrey

RH1 5NB

The directors present their report with the financial statements of the company for the year ended 28 February 2018.

CESSATION OF TRADING

The company ceased trading on 31 March 2018.

DIRECTORS

A Webb has held office during the whole of the period from 1 March 2017 to the date of this report.

Other changes in directors holding office are as follows:

Ms N Shouler - appointed 22 September 2017

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

A Webb - Director

3 October 2018

TURNOVER

18,400

6,815

Cost of sales

590

1,590

GROSS PROFIT

17,810

5,225

Administrative expenses

6,797

9,911

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) BEFORE TAXATION

11,013

(4,686

)

Tax on profit/(loss)

1,168

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

9,845

(4,686

)

FIXED ASSETS

Tangible assets

5

263

351

CURRENT ASSETS

Debtors

6

2,164

-

Cash at bank

-

1,619

2,164

1,619

CREDITORS

Amounts falling due within one year

7

2,068

6,556

NET CURRENT ASSETS/(LIABILITIES)

96

(4,937

)

TOTAL ASSETS LESS CURRENT LIABILITIES

359

(4,586

)

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

159

(4,686

)

SHAREHOLDERS' FUNDS

359

(4,586

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 October 2018 and were signed on its behalf by:

A Webb - Director

1.	STATUTORY INFORMATION

AW Rail Network System 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 reducing balance

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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2017 - operating loss) is stated after charging:

Period

1.2.16

Year Ended

to

28.2.18

28.2.17

£

£

Depreciation - owned assets

88

118

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

and 28 February 2018

469

DEPRECIATION

At 1 March 2017

118

Charge for year

88

At 28 February 2018

206

NET BOOK VALUE

At 28 February 2018

263

At 28 February 2017

351

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

2,164

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

1,168

-

Other creditors

900

6,556

2,068

6,556