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REGISTERED NUMBER: 05214185 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Traffic Self Drive (Herts) Limited

Traffic Self Drive (Herts) Limited (Registered number: 05214185)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Traffic Self Drive (Herts) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: P A Herbert





SECRETARY: Mrs I C Stirling- Herbert





REGISTERED OFFICE: 11 Chartmoor Road
Leighton Buzzard
Bedfordshire
LU7 4WG





REGISTERED NUMBER: 05214185 (England and Wales)





ACCOUNTANT: Roberts Accountancy & Tax Limited
11 Chartmoor Road
Leighton Buzzard
Bedfordshire
LU7 4WG

Traffic Self Drive (Herts) Limited (Registered number: 05214185)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,410,267 1,480,848

CURRENT ASSETS
Debtors 5 19,133 17,323
Cash at bank and in hand 26,680 130,900
45,813 148,223
CREDITORS
Amounts falling due within one year 6 (495,129 ) (652,233 )
NET CURRENT LIABILITIES (449,316 ) (504,010 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

960,951

976,838

CREDITORS
Amounts falling due after more than one
year

7

(42,575

)

(112,119

)

PROVISIONS FOR LIABILITIES (78,621 ) (65,805 )
NET ASSETS 839,755 798,914

CAPITAL AND RESERVES
Called up share capital 49 49
Capital redemption reserve 51 51
Retained earnings 839,655 798,814
SHAREHOLDERS' FUNDS 839,755 798,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 7 October 2024 and were signed by:





P A Herbert - Director


Traffic Self Drive (Herts) Limited (Registered number: 05214185)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Traffic Self Drive (Herts) 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. 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Traffic Self Drive (Herts) Limited (Registered number: 05214185)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 1,978,734
Additions 545,912
Disposals (519,380 )
At 31 January 2024 2,005,266
DEPRECIATION
At 1 February 2023 497,886
Charge for year 334,500
Eliminated on disposal (237,387 )
At 31 January 2024 594,999
NET BOOK VALUE
At 31 January 2024 1,410,267
At 31 January 2023 1,480,848

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

Plant and
machinery
etc
£   
COST
At 1 February 2023 815,233
Additions 388,481
Transfer to ownership (328,619 )
At 31 January 2024 875,095
DEPRECIATION
At 1 February 2023 174,950
Charge for year 189,065
Transfer to ownership (180,207 )
At 31 January 2024 183,808
NET BOOK VALUE
At 31 January 2024 691,287
At 31 January 2023 640,283

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 19,133 17,323

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 25,000
Hire purchase contracts 342,356 296,041
Trade creditors 2,965 242,405
Taxation and social security 124,986 62,474
Other creditors 24,822 26,313
495,129 652,233

Traffic Self Drive (Herts) Limited (Registered number: 05214185)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 35,417
Hire purchase contracts 42,575 76,702
42,575 112,119

8. ULTIMATE CONTROLLING PARTY



At the year end, the controlling party is P Herbert by virtue of his ownership of 100% of the voting ordinary share capital in the company.