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simon's Recent Activity

  1. simon replied to the thread West Somerset Railway General Discussion.

    Any heritage railway worth its salt should be charging depreciation of its locos through the p&l account. It should also be projecting forward it's anticipated cash in and outflows and determining where it hopes to spend its money in the future....

    Oct 25, 2024 at 10:31 PM

  2. simon liked Steve's post in the thread West Somerset Railway General Discussion.

    What some people seem to be suggesting is that a railway puts away money in an account to pay for the overhaul, a bit like I and others might do when putting monthly amounts away to pay for the next car to replace the worn out existing one. That...

    Oct 25, 2024 at 9:21 PM

  3. simon replied to the thread West Somerset Railway General Discussion.

    The accounting method works for what it is designed to do. Cashflow and its management is a different topic.

    Oct 25, 2024 at 4:34 PM

  4. simon replied to the thread West Somerset Railway General Discussion.

    No preserved railway has that kind of money to put into an account and left there not spent whilst other works need doing. Few commercial operations work on that basis either. It is wholly unrealistic to expect the WSR,to differ.

    Oct 25, 2024 at 10:48 AM

  5. simon replied to the thread West Somerset Railway General Discussion.

    They have agreed to pay, payments are still to be made.

    Oct 24, 2024
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