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REGISTERED NUMBER: 12310966 (England and Wales)














Switch Traffic Management Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Switch Traffic Management Limited (Registered number: 12310966)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Switch Traffic Management Limited

Company Information
for the Year Ended 31 March 2024







Directors: J Purse
D Parsons
C Saunders





Registered office: Lawshalls
Lawshalls Hill
Colne Engaine
Colchester
Essex
CO6 2HU





Registered number: 12310966 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Switch Traffic Management Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Switch Traffic Management Limited for the year ended 31 March 2024 which comprise the Statement of income and retained earnings, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Switch Traffic Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Switch Traffic Management Limited and state those matters that we have agreed to state to the Board of Directors of Switch Traffic Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Switch Traffic Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Switch Traffic Management 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 Switch Traffic Management Limited. You consider that Switch Traffic Management 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 Switch Traffic Management 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.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


23 July 2024

Switch Traffic Management Limited (Registered number: 12310966)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 227,025 198,392

Current assets
Stocks 32,530 968
Debtors 6 109,680 183,125
Cash at bank 138,124 126,829
280,334 310,922
Creditors
Amounts falling due within one year 7 142,378 151,179
Net current assets 137,956 159,743
Total assets less current liabilities 364,981 358,135

Creditors
Amounts falling due after more than one
year

8

(138,722

)

(149,999

)

Provisions for liabilities (40,827 ) (27,484 )
Net assets 185,432 180,652

Capital and reserves
Called up share capital 100 100
Retained earnings 185,332 180,552
Shareholders' funds 185,432 180,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Switch Traffic Management Limited (Registered number: 12310966)

Statement of Financial Position - continued
31 March 2024


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2024 and were signed on its behalf by:




D Parsons - Director



J Purse - Director


Switch Traffic Management Limited (Registered number: 12310966)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Switch 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Plant and machinery etc - 25% on reducing balance and Straight line over 3 years

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Switch Traffic Management Limited (Registered number: 12310966)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the year was 3 (2023 - 5 ) .

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 249,009
Additions 98,936
At 31 March 2024 347,945
Depreciation
At 1 April 2023 50,617
Charge for year 70,303
At 31 March 2024 120,920
Net book value
At 31 March 2024 227,025
At 31 March 2023 198,392

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 90,518 173,389
Corporation Tax - 3,303
Prepayments 19,162 6,433
109,680 183,125

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Other loans 20,000 20,000
Hire purchase contracts 56,756 35,222
Trade creditors 39,018 69,013
Social security and other taxes 9,071 10,879
VAT 13,111 13,479
Other creditors 2,672 836
Accrued expenses 1,750 1,750
142,378 151,179

Switch Traffic Management Limited (Registered number: 12310966)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other loans - 1-2 years 40,000 60,000
Hire purchase contracts 98,722 89,999
138,722 149,999