MODERN ELECTRIC TRAMWAYS LTD

1. MODERN ELECTRIC TRAMWAYS LTD 2015-09-25 → present
2. MODERN ELECTRIC TRAMWAYS 2015-03-10 → 2015-09-25
3. MODERN ELECTRIC TRAMWAYS LIMITED 1953-05-19 → 2015-03-06

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Westcotts (SW) LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Group structure

1. MODERN ELECTRIC TRAMWAYS LTD · parent
   1. Seaton Tramways (Enterprises) Limited 100% · England and Wales · Cafe, soft play and shop

Significant events

• “2024 got off to a flying start with the acquisition of the freehold for the former Seaton Jurassic Building, adjacent to Seaton Tram Station... we collected the keys and rapidly got to work converting the space into an incredible soft play centre and our Last Day of the Dinosaurs animatronic exhibition. Re-branded as Jurassic Discovery, the space now contributes to both community and tourism experiences in the town.”
• “In February we opened our new children's play area at Colyton Station providing an exciting and modern space for our smaller visitors to play and have fun.”
• “Our heritage offer was enhanced in September with the re-acquisition of Car 23, The first to be built by our founder Claude Lane, back in 1949!”
• “In October we also had our first inspection in fifteen years from The Office of Road and Rail (ORR)... all the priority actions from the report were actioned by the end of the year, satisfying the inspector.”
• “Our year closed with the welcome news that we had been awarded a grant of £88,600 towards work connected with Jurassic Discovery, from The National Lottery Heritage Fund.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +4.8%

  £1,955,359 → £2,049,126

• Cash

  -90.7%

  £408,370 → £37,830

• Net assets

  -3.6%

  £6,190,089 → £5,969,399

• Employees

  +13.5%

  52 → 59

• Wages

  +18.1%

  £938,987 → £1,108,573

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers