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REGISTERED NUMBER: 12147378 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Traffic Management Vehicle Specialist
Limited

Traffic Management Vehicle Specialist
Limited (Registered number: 12147378)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Traffic Management Vehicle Specialist
Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: C J Butterfield





REGISTERED OFFICE: A19 Business Park
Selby
North Yorkshire
YO19 6QR





REGISTERED NUMBER: 12147378 (England and Wales)






Traffic Management Vehicle Specialist
Limited (Registered number: 12147378)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 944,591 741,327

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 92,528 68,016
Cash at bank 58,630 9,716
154,158 80,732
CREDITORS
Amounts falling due within one year 6 347,641 449,923
NET CURRENT LIABILITIES (193,483 ) (369,191 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

751,108

372,136

CREDITORS
Amounts falling due after more than one year 7 405,439 157,363
NET ASSETS 345,669 214,773

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 345,569 214,673
SHAREHOLDERS' FUNDS 345,669 214,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Traffic Management Vehicle Specialist
Limited (Registered number: 12147378)

Balance Sheet - continued
30 November 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 1 April 2024 and were signed by:





C J Butterfield - Director


Traffic Management Vehicle Specialist
Limited (Registered number: 12147378)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Traffic Management Vehicle Specialist 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 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.

Changes in accounting policies
During the year the depreciation rate on plant and machinery changed from 25% reducing balance to 20% reducing balance.

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 - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Traffic Management Vehicle Specialist
Limited (Registered number: 12147378)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 1,197,442
Additions 396,857
Disposals (28,496 )
At 30 November 2023 1,565,803
DEPRECIATION
At 1 December 2022 456,115
Charge for year 180,087
Eliminated on disposal (14,990 )
At 30 November 2023 621,212
NET BOOK VALUE
At 30 November 2023 944,591
At 30 November 2022 741,327

Traffic Management Vehicle Specialist
Limited (Registered number: 12147378)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 December 2022 969,010
Additions 402,106
Disposals (28,496 )
Transfer to ownership (534,708 )
At 30 November 2023 807,912
DEPRECIATION
At 1 December 2022 440,253
Charge for year 138,989
Eliminated on disposal (14,990 )
Transfer to ownership (383,051 )
At 30 November 2023 181,201
NET BOOK VALUE
At 30 November 2023 626,711
At 30 November 2022 528,757

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 14,739 22,915
Other debtors 77,789 45,101
92,528 68,016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,117 9,911
Hire purchase contracts 260,103 216,942
Trade creditors 46,296 13,076
Other creditors 31,125 209,994
347,641 449,923

Traffic Management Vehicle Specialist
Limited (Registered number: 12147378)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,542 25,659
Hire purchase contracts 389,897 64,060
Other creditors - 67,644
405,439 157,363

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 25,659 35,570
Hire purchase contracts 650,000 281,002
675,659 316,572

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1.00 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2022 214,673
Profit for the year 166,896
Dividends (36,000 )
At 30 November 2023 345,569