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COMPANY REGISTRATION NUMBER: 06061092
Traffic Sign Solutions International Limited
Unaudited Financial Statements
30 June 2023
Traffic Sign Solutions International Limited
Financial Statements
Year ended 30 June 2023
Contents
Page
Officers and professional advisers
1
Directors' report
2
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
3
Statement of financial position
4
Notes to the financial statements
5
Traffic Sign Solutions International Limited
Officers and Professional Advisers
The board of directors
Mr K R Simmons
Mr M Simmons
Company secretary
Mr M Simmons
Registered office
Stafford Park 5
Telford
Shropshire
TF3 3AS
Accountants
BSN Associates Limited
Chartered accountants
3B Swallowfield Courtyard
Wolverhampton Road
Oldbury
West Midlands
B69 2JG
Traffic Sign Solutions International Limited
Directors' Report
Year ended 30 June 2023
The directors present their report and the unaudited financial statements of the company for the year ended 30 June 2023 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
Mr K R Simmons
Mr M Simmons
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 8 February 2024 and signed on behalf of the board by:
Mr M Simmons
Director
Registered office:
Stafford Park 5
Telford
Shropshire
TF3 3AS
Traffic Sign Solutions International Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Traffic Sign Solutions International Limited
Year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Traffic Sign Solutions International Limited for the year ended 30 June 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Traffic Sign Solutions International Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Traffic Sign Solutions International Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Traffic Sign Solutions International Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Traffic Sign Solutions International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Traffic Sign Solutions International Limited. You consider that Traffic Sign Solutions International Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Traffic Sign Solutions International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
BSN Associates Limited Chartered accountants
3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG
8 February 2024
Traffic Sign Solutions International Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
5
5
5
Current assets
Cash at bank and in hand
1
1
Creditors: amounts falling due within one year
6
5
5
----
----
Net current liabilities
4
4
----
----
Total assets less current liabilities
1
1
----
----
Capital and reserves
Called up share capital
7
1
1
----
----
Shareholders funds
1
1
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 February 2024 , and are signed on behalf of the board by:
Mr M Simmons
Director
Company registration number: 06061092
Traffic Sign Solutions International Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Stafford Park 5, Telford, Shropshire, TF3 3AS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Company information
The company is a private limited company registered in England and Wales. The principal activity of the company is that of a head office company.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
4. Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to 2 (2021: 2).
5. Investments
Other investments other than loans
£
Cost
At 1 July 2022 and 30 June 2023
5
----
Impairment
At 1 July 2022 and 30 June 2023
----
Carrying amount
At 30 June 2023
5
----
At 30 June 2022
5
----
The company owns 100% of the issued ordinary share capital of Traffic Sign Solutions Inc, registered in USA.
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
5
5
----
----
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
8. Controlling party
The ultimate parent company is Salop Holdings Limited, a company registered in England and Wales. That company is not under the control of any one person.