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REGISTERED NUMBER: 05703611 (England and Wales)















Financial Statements

for the Period 1 April 2022 to 30 March 2023

for

CAPITAL TRAFFIC MANAGEMENT LIMITED

CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Contents of the Financial Statements
for the period 1 April 2022 to 30 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAPITAL TRAFFIC MANAGEMENT LIMITED

Company Information
for the period 1 April 2022 to 30 March 2023







Directors: D L Holland
M Porter
K A Fowlie





Registered office: Network Plus Chaddock Lane
Worsley
Manchester
M28 1XW





Registered number: 05703611 (England and Wales)





Auditors: Haines Watts
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Balance Sheet
30 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 5 324,067 513,432

Current assets
Debtors 6 1,779,596 1,629,938
Cash at bank 17,903 465,014
1,797,499 2,094,952
Creditors
Amounts falling due within one year 7 459,867 928,914
Net current assets 1,337,632 1,166,038
Total assets less current liabilities 1,661,699 1,679,470

Creditors
Amounts falling due after more than one
year

8

(26,526

)

(106,179

)

Provisions for liabilities (71,278 ) (104,035 )
Net assets 1,563,895 1,469,256

Capital and reserves
Called up share capital 10 2 2
Retained earnings 1,563,893 1,469,254
Shareholders' funds 1,563,895 1,469,256

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





D L Holland - Director


CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Notes to the Financial Statements
for the period 1 April 2022 to 30 March 2023


1. Statutory information

Capital Traffic Management 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.

The prior period end date was changed to 31 March 2022 to bring it in line with its holding company. This resulted in the previous period length being 10 months. Therefore, comparatives are not entirely comparable.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company ceased trading in June 2022. The financial statements are, therefore, prepared on a basis other than going concern. However, no adjustments are required to the figures in the financial statements as a result of ceasing to trade.

Turnover
Turnover is the total amount receivable by the company in the ordinary course of business with customers for goods supplied and services provided excluding value added tax.

Turnover is recognised to the extent it is probable that economic benefit will flow to the Company. Turnover is recognised as the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

The amount of turnover can be measured reliably;
It is probable that the Company will receive the consideration due under the contract; and
Where applicable, the costs incurred and the costs to complete the contract can be measured reliably.

Turnover in respect of variations to contracts and incentive payments is recognised when it is probable it will be agreed by the customer. Where turnover recognised exceeds billing, the balance is shown as due from customers within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Motor vehicles - 25% straight line
Computer equipment - 25% straight line

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Notes to the Financial Statements - continued
for the period 1 April 2022 to 30 March 2023


3. Accounting policies - continued
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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Work-in-progress
Work-in-progress relates to costs incurred on a projects, either if the project is competed or reached a certain stage, it will then be transferred to the Profit and Loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over
the period of the lease on a straight line basis. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

4. Employees and directors

The average number of employees during the period was NIL (2022 - 14 ).

CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Notes to the Financial Statements - continued
for the period 1 April 2022 to 30 March 2023


5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 1 April 2022 757,571 5,130 425,096 11,837 1,199,634
Additions 3,825 - - - 3,825
Disposals - - (708 ) - (708 )
At 30 March 2023 761,396 5,130 424,388 11,837 1,202,751
Depreciation
At 1 April 2022 391,535 2,702 282,295 9,670 686,202
Charge for period 135,354 1,001 55,365 762 192,482
At 30 March 2023 526,889 3,703 337,660 10,432 878,684
Net book value
At 30 March 2023 234,507 1,427 86,728 1,405 324,067
At 31 March 2022 366,036 2,428 142,801 2,167 513,432

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 34,306 220,261
Amounts owed by group undertakings 1,714,581 1,197,007
Amounts recoverable on contract - 164,182
Other debtors 30,709 48,488
1,779,596 1,629,938

7. Creditors: amounts falling due within one year
2023 2022
£ £
Hire purchase contracts (see note 9) 73,623 108,370
Trade creditors 20,378 91,805
Amounts owed to group undertakings 314,907 138,509
Corporation tax 47,702 45,755
Social security and other taxes - 15,394
VAT 3,257 180,911
Other creditors - (140 )
Accruals and deferred income - 348,310
459,867 928,914

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Hire purchase contracts (see note 9) 26,526 106,179

CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Notes to the Financial Statements - continued
for the period 1 April 2022 to 30 March 2023


9. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£ £
Net obligations repayable:
Within one year 73,623 108,370
Between one and five years 26,526 106,179
100,149 214,549

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

11. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David Fort FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts

12. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. Ultimate controlling party

The immediate parent company, by virtue of its 100% shareholding, is Go Traffic Management Limited, a company registered in the United Kingdom.

Nyetimber Finco Limited, a company registered in the United Kingdom, is the parent undertaking of the smallest group of undertakings to consolidate these financial statements. OMERS Administration Corporation is the beneficial owner of Nyetimber Finco Limited.