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Registered number: 12130998
Traffic Gurus Limited
Unaudited Financial Statements
For the Period 1 August 2022 to 31 January 2024
Pearl Accountants Limited
ICAEW, ATT
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—6
Page 1
Company Information
Director David Carr
Secretary David Carr
Company Number 12130998
Registered Office Profile West Suite 2, First Floor
950 Great West Road
Brentford
TW8 9ES
Accountants Pearl Accountants Limited
ICAEW, ATT
Suite 2, First Floor Profile West
950 Great West Road
Brentford
TW8 9ES
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Traffic Gurus Limited for the period 1 August 2022 to 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Traffic Gurus Limited for the period 1 August 2022 to 31 January 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Traffic Gurus Limited , as a body, in accordance with the terms of our engagement letter dated 12 August 2019. Our work has been undertaken solely to prepare for your approval the accounts of Traffic Gurus Limited and state those matters that we have agreed to state to the director of Traffic Gurus Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Traffic Gurus Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Traffic Gurus Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Traffic Gurus Limited . You consider that Traffic Gurus Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of Traffic Gurus 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 financial statements.
Signed
Pearl Accountants Limited
29/04/2024
Pearl Accountants Limited
ICAEW, ATT
Suite 2, First Floor Profile West
950 Great West Road
Brentford
TW8 9ES
Page 2
Page 3
Balance Sheet
Registered number: 12130998
31 January 2024 31 July 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,652 3,264
Tangible Assets 5 102,824 5,218
105,476 8,482
CURRENT ASSETS
Debtors 6 314,416 37,805
Cash at bank and in hand 3,708,969 1,859,216
4,023,385 1,897,021
Creditors: Amounts Falling Due Within One Year 7 (943,925 ) (415,013 )
NET CURRENT ASSETS (LIABILITIES) 3,079,460 1,482,008
TOTAL ASSETS LESS CURRENT LIABILITIES 3,184,936 1,490,490
Creditors: Amounts Falling Due After More Than One Year 8 (50,000 ) (50,000 )
NET ASSETS 3,134,936 1,440,490
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 3,134,935 1,440,489
SHAREHOLDERS' FUNDS 3,134,936 1,440,490
Page 3
Page 4
For the period ending 31 January 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
David Carr
Director
29/04/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Traffic Gurus Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12130998 . The registered office is Profile West Suite 2, First Floor, 950 Great West Road, Brentford, TW8 9ES.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The intangible asset has been amortized on a straight line basis for over 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Reducing Balance Method.
Fixtures & Fittings 20% Straight Line Method.
Computer Equipment 3 Years Straight Line Method.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2022: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 August 2022 4,080
As at 31 January 2024 4,080
Amortisation
As at 1 August 2022 816
Provided during the period 612
As at 31 January 2024 1,428
Net Book Value
As at 31 January 2024 2,652
As at 1 August 2022 3,264
Page 5
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 - 5,092 2,573 7,665
Additions 121,500 - 4,455 125,955
As at 31 January 2024 121,500 5,092 7,028 133,620
Depreciation
As at 1 August 2022 - 594 1,853 2,447
Provided during the period 24,300 1,528 2,521 28,349
As at 31 January 2024 24,300 2,122 4,374 30,796
Net Book Value
As at 31 January 2024 97,200 2,970 2,654 102,824
As at 1 August 2022 - 4,498 720 5,218
6. Debtors
31 January 2024 31 July 2022
£ £
Due within one year
Trade debtors 166,815 24,895
Other debtors 147,601 12,910
314,416 37,805
7. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 July 2022
£ £
Trade creditors 408,692 31,605
Taxation and social security 535,233 383,408
943,925 415,013
8. Creditors: Amounts Falling Due After More Than One Year
31 January 2024 31 July 2022
£ £
Other creditors 50,000 50,000
9. Share Capital
31 January 2024 31 July 2022
£ £
Allotted, Called up and fully paid 1 1
1 Ordinary shares of £1 each
Page 6