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REGISTERED NUMBER: 03680706















Financial Statements for the Year Ended 31 December 2023

for

Traffic Engineering Services Ltd.

Traffic Engineering Services Ltd. (Registered number: 03680706)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Traffic Engineering Services Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTOR: JM Dodd





SECRETARY:





REGISTERED OFFICE: Lutton House
1 Lowgate
Lutton
Nr Spalding
Lincolnshire
PE12 9HP





REGISTERED NUMBER: 03680706





ACCOUNTANTS: Gwynne-Evans & Co Limited
Chartered Accountants
49 Sandy Lodge Way
Northwood
Middlesex
HA6 2AR

Traffic Engineering Services Ltd. (Registered number: 03680706)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,883 21,512

CURRENT ASSETS
Debtors 5 328,695 139,474
Cash in hand 45,419 30,696
374,114 170,170
CREDITORS
Amounts falling due within one year 6 194,160 136,163
NET CURRENT ASSETS 179,954 34,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,837

55,519

CREDITORS
Amounts falling due after more than one
year

7

14,167

24,167
NET ASSETS 181,670 31,352

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 181,570 31,252
SHAREHOLDERS' FUNDS 181,670 31,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Traffic Engineering Services Ltd. (Registered number: 03680706)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





JM Dodd - Director


Traffic Engineering Services Ltd. (Registered number: 03680706)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Traffic Engineering Services Ltd. is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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
Plant and machinery is depreciated at 33% on cost, or 25% on reducing balance, to write-off the value of each asset over its useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Traffic Engineering Services Ltd. (Registered number: 03680706)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 102,920
DEPRECIATION
At 1 January 2023 81,408
Charge for year 5,629
At 31 December 2023 87,037
NET BOOK VALUE
At 31 December 2023 15,883
At 31 December 2022 21,512

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 73,300
DEPRECIATION
At 1 January 2023
and 31 December 2023 73,300
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 188,380 102,977
Amounts recoverable on contract 127,744 33,697
Other debtors 12,571 2,800
328,695 139,474

Traffic Engineering Services Ltd. (Registered number: 03680706)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,474 27,120
Tax 71,002 12,792
Social security and other taxes 13,428 6,867
VAT 27,088 6,289
Other creditors 11,168 10,760
Accruals and deferred income 48,000 62,335
194,160 136,163

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
14,167 24,167

Traffic Engineering Services Ltd.

Report of the Accountants to the Director of
Traffic Engineering Services Ltd.

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gwynne-Evans & Co Limited
Chartered Accountants
49 Sandy Lodge Way
Northwood
Middlesex
HA6 2AR


10 September 2024