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REGISTERED NUMBER: 05703611 (England and Wales)















Financial Statements

for the Year Ended 30 March 2024

for

CAPITAL TRAFFIC MANAGEMENT LIMITED

CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Contents of the Financial Statements
for the year ended 30 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAPITAL TRAFFIC MANAGEMENT LIMITED

Company Information
for the year ended 30 March 2024







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: CLA Evelyn Partners Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Balance Sheet
30 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 5 160,100 324,067

Current assets
Debtors 6 1,779,597 1,779,596
Cash at bank 89 17,903
1,779,686 1,797,499
Creditors
Amounts falling due within one year 7 403,849 459,867
Net current assets 1,375,837 1,337,632
Total assets less current liabilities 1,535,937 1,661,699

Creditors
Amounts falling due after more than one
year

8

-

(26,526

)

Provisions for liabilities (40,025 ) (71,278 )
Net assets 1,495,912 1,563,895

Capital and reserves
Called up share capital 10 2 2
Retained earnings 1,495,910 1,563,893
Shareholders' funds 1,495,912 1,563,895

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 August 2024 and were signed on its behalf by:





M Porter - Director


CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Notes to the Financial Statements
for the year ended 30 March 2024


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.

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 Directors have a reasonable expectation that the Company has adequate resources for a period of at least 12 months from the date of approval of the financial statements.

In assessing the appropriateness of the going concern basis of accounting, the Board have taken into account a number of factors including current operating performance, cash liquidity, approved budgets forecasts covering the going concern period and forecast banking compliance ratios.

Management has prepared, and the Directors have reviewed and approved, budgets for the year ending 30 March 2025. These budgets include profit projections and cash flow forecasts. Longer term 5 year plans out to March 2028 have also been prepared and reviewed by the Board. An element of uncertainty is inherent in forecasting and key sensitivities have been considered when budgets are prepared and approved.

Consequently, the Directors are satisfied that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements.

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.

Turnover in the current year represents the recharge of the depreciation expense to another group company.

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.


CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Notes to the Financial Statements - continued
for the year ended 30 March 2024


3. Accounting policies - continued
Taxation
Taxation for the year 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.

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.

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 year was NIL (2023 - NIL).

5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 31 March 2023
and 30 March 2024 761,396 5,130 424,388 11,837 1,202,751
Depreciation
At 31 March 2023 526,889 3,703 337,660 10,432 878,684
Charge for year 109,121 1,001 53,084 761 163,967
At 30 March 2024 636,010 4,704 390,744 11,193 1,042,651
Net book value
At 30 March 2024 125,386 426 33,644 644 160,100
At 30 March 2023 234,507 1,427 86,728 1,405 324,067

CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Notes to the Financial Statements - continued
for the year ended 30 March 2024


5. Tangible fixed assets - continued

Included within the net book value of tangible fixed assets is £65,644 (2023 - £153,698) in respect of assets held under finance lease arrangements. Depreciation for the year on these assets was £88,054 (2023 - £106,111).

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 34,306 34,306
Amounts owed by group undertakings 1,714,581 1,714,581
Other debtors 30,710 30,709
1,779,597 1,779,596

7. Creditors: amounts falling due within one year
2024 2023
£ £
Hire purchase contracts (see note 9) 11,542 73,623
Trade creditors 18,811 20,378
Amounts owed to group undertakings 182,020 314,907
Corporation tax 146,938 47,702
VAT 44,537 3,257
Other creditors 1 -
403,849 459,867

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Hire purchase contracts (see note 9) - 26,526

9. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£ £
Net obligations repayable:
Within one year 11,542 73,623
Between one and five years - 26,526
11,542 100,149

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

CAPITAL TRAFFIC MANAGEMENT LIMITED (REGISTERED NUMBER: 05703611)

Notes to the Financial Statements - continued
for the year ended 30 March 2024


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 CLA Evelyn Partners Limited

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. Copies of the group accounts are available from Chaddock Lane, Worsley, Greater Manchester M28 1XW.

OMERS Administration Corporation is the ultimate controlling party of Nyetimber Finco Limited.