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
ORBUS TRAFFIC MANAGEMENT LTD
Company Information
for the year ended 31 March 2024
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
ORBUS TRAFFIC MANAGEMENT LTD
Statement of financial position
as at 31 March 2024
Tangible assets
9,113
13,977
Cash at bank and in hand
30,446
9,401
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
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
ORBUS TRAFFIC MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 March 2024
8,228
161
724
9,113
At 31 March 2023
12,343
548
1,086
13,977
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
-
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
Trade creditors
71,014
48,203
Taxes and social security
21,509
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).