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REGISTERED NUMBER: 07903001 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ON SET TRAFFIC MANAGEMENT LTD

ON SET TRAFFIC MANAGEMENT LTD (REGISTERED NUMBER: 07903001)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ON SET TRAFFIC MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: W E Stanley





REGISTERED OFFICE: Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ





REGISTERED NUMBER: 07903001 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

ON SET TRAFFIC MANAGEMENT LTD (REGISTERED NUMBER: 07903001)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,736 40,958

CURRENT ASSETS
Debtors 5 60,057 19,366
Cash at bank 33,677 61,826
93,734 81,192
CREDITORS
Amounts falling due within one year 6 78,776 44,231
NET CURRENT ASSETS 14,958 36,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,694

77,919

CREDITORS
Amounts falling due after more than one
year

7

(51,412

)

(65,369

)

PROVISIONS FOR LIABILITIES (8,314 ) -
NET ASSETS 968 12,550

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 918 12,500
SHAREHOLDERS' FUNDS 968 12,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

ON SET TRAFFIC MANAGEMENT LTD (REGISTERED NUMBER: 07903001)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





W E Stanley - Director


ON SET TRAFFIC MANAGEMENT LTD (REGISTERED NUMBER: 07903001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

On Set Traffic Management Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ON SET TRAFFIC MANAGEMENT LTD (REGISTERED NUMBER: 07903001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 76,425
Additions 24,862
Disposals (14,541 )
At 31 March 2023 86,746
DEPRECIATION
At 1 April 2022 35,467
Charge for year 16,452
Eliminated on disposal (10,909 )
At 31 March 2023 41,010
NET BOOK VALUE
At 31 March 2023 45,736
At 31 March 2022 40,958

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 23,000
At 31 March 2023 23,000
DEPRECIATION
Charge for year 5,750
At 31 March 2023 5,750
NET BOOK VALUE
At 31 March 2023 17,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,889 19,366
Other debtors 40,168 -
60,057 19,366

ON SET TRAFFIC MANAGEMENT LTD (REGISTERED NUMBER: 07903001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,308 9,450
Hire purchase contracts 9,956 2,525
Trade creditors 14,646 4,110
Taxation and social security 26,317 28,008
Other creditors 18,549 138
78,776 44,231

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,145 34,081
Hire purchase contracts 26,267 31,288
51,412 65,369

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
W E Stanley
Balance outstanding at start of year (138 ) -
Amounts advanced 98,343 65,000
Amounts repaid (91,070 ) (65,138 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,135 (138 )

9. RELATED PARTY DISCLOSURES

Included within other creditors is a loan from the director totalling £Nil (2022: £138). These loans are interest free and repayable on demand.