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Company Registration No. SC637835 (Scotland)
ORBUS TRAFFIC MANAGEMENT LTD Unaudited accounts for the year ended 31 March 2024
ORBUS TRAFFIC MANAGEMENT LTD Unaudited accounts Contents
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ORBUS TRAFFIC MANAGEMENT LTD Company Information for the year ended 31 March 2024
Director
O'DONNELL, Paul
Secretary
Pauline O'Donnell
Company Number
SC637835 (Scotland)
Registered Office
WESTGATE HOUSE SEEDHILL PAISLEY PA1 1JE SCOTLAND
Accountants
Carr Accounting Westgate House Seedhill Paisley Renfrewshire PA1 1JE
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ORBUS TRAFFIC MANAGEMENT LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,113 
13,977 
Current assets
Debtors
409,669 
242,650 
Cash at bank and in hand
30,446 
9,401 
440,115 
252,051 
Creditors: amounts falling due within one year
(259,849)
(100,355)
Net current assets
180,266 
151,696 
Total assets less current liabilities
189,379 
165,673 
Creditors: amounts falling due after more than one year
(1,211)
(798)
Net assets
188,168 
164,875 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
188,167 
164,874 
Shareholders' funds
188,168 
164,875 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 September 2024 and were signed on its behalf by
O'DONNELL, Paul Director Company Registration No. SC637835
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ORBUS TRAFFIC MANAGEMENT LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
ORBUS TRAFFIC MANAGEMENT LTD is a private company, limited by shares, registered in Scotland, registration number SC637835. The registered office is WESTGATE HOUSE, SEEDHILL, PAISLEY, PA1 1JE, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
20,573 
1,900 
1,810 
24,283 
At 31 March 2024
20,573 
1,900 
1,810 
24,283 
Depreciation
At 1 April 2023
8,230 
1,352 
724 
10,306 
Charge for the year
4,115 
387 
362 
4,864 
At 31 March 2024
12,345 
1,739 
1,086 
15,170 
Net book value
At 31 March 2024
8,228 
161 
724 
9,113 
At 31 March 2023
12,343 
548 
1,086 
13,977 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
143,046 
135,257 
Amounts due from group undertakings etc.
157,230 
107,393 
Accrued income and prepayments
109,393 
- 
409,669 
242,650 
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ORBUS TRAFFIC MANAGEMENT LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
139,936 
31,611 
VAT
27,390 
20,541 
Trade creditors
71,014 
48,203 
Taxes and social security
21,509 
- 
259,849 
100,355 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
1,211 
798 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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