Registered number
07041480
Western Traffic Management Limited
Filleted Accounts
31 October 2023
Western Traffic Management Limited
Registered number: 07041480
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 598 748
Current assets
Stocks 65,275 65,275
Debtors 3 2,621 2,621
Cash at bank and in hand 145 145
68,041 68,041
Creditors: amounts falling due within one year 4 (24,157) (19,453)
Net current assets 43,884 48,588
Net assets 44,482 49,336
Capital and reserves
Called up share capital 1 1
Profit and loss account 44,481 49,335
Shareholder's funds 44,482 49,336
Average Employees - -
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
James Whelan
Director
Approved by the board on 19 July 2024
Western Traffic Management Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 750 6,790 7,540
At 31 October 2023 750 6,790 7,540
Depreciation
At 1 November 2022 706 6,086 6,792
Charge for the year 9 141 150
At 31 October 2023 715 6,227 6,942
Net book value
At 31 October 2023 35 563 598
At 31 October 2022 44 704 748
3 Debtors 2023 2022
£ £
Trade debtors 2,621 2,621
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,000 5,000
Trade creditors 422 422
Other creditors 18,735 14,031
24,157 19,453
5 Other information
Western Traffic Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 5, 5th Floor City Reach
5 Greenwich View Place
London
E14 9NN
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