Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetrueConstruction of roads and motorways2023-02-22false10trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14682119 2023-02-21 14682119 2023-02-22 2024-03-31 14682119 2022-02-22 2023-02-21 14682119 2024-03-31 14682119 c:Director3 2023-02-22 2024-03-31 14682119 d:PlantMachinery 2023-02-22 2024-03-31 14682119 d:PlantMachinery 2024-03-31 14682119 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-22 2024-03-31 14682119 d:MotorVehicles 2023-02-22 2024-03-31 14682119 d:MotorVehicles 2024-03-31 14682119 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-22 2024-03-31 14682119 d:OfficeEquipment 2023-02-22 2024-03-31 14682119 d:OfficeEquipment 2024-03-31 14682119 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-22 2024-03-31 14682119 d:OwnedOrFreeholdAssets 2023-02-22 2024-03-31 14682119 d:CurrentFinancialInstruments 2024-03-31 14682119 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14682119 d:ShareCapital 2024-03-31 14682119 d:RetainedEarningsAccumulatedLosses 2024-03-31 14682119 c:OrdinaryShareClass1 2023-02-22 2024-03-31 14682119 c:OrdinaryShareClass1 2024-03-31 14682119 c:OrdinaryShareClass2 2023-02-22 2024-03-31 14682119 c:OrdinaryShareClass2 2024-03-31 14682119 c:OrdinaryShareClass3 2023-02-22 2024-03-31 14682119 c:OrdinaryShareClass3 2024-03-31 14682119 c:OrdinaryShareClass4 2023-02-22 2024-03-31 14682119 c:OrdinaryShareClass4 2024-03-31 14682119 c:FRS102 2023-02-22 2024-03-31 14682119 c:AuditExemptWithAccountantsReport 2023-02-22 2024-03-31 14682119 c:FullAccounts 2023-02-22 2024-03-31 14682119 c:PrivateLimitedCompanyLtd 2023-02-22 2024-03-31 14682119 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-02-22 2024-03-31 14682119 2 2023-02-22 2024-03-31 14682119 e:PoundSterling 2023-02-22 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14682119









FRONTLINE TRAFFIC SOLUTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
FRONTLINE TRAFFIC SOLUTIONS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FRONTLINE TRAFFIC SOLUTIONS LTD
FOR THE PERIOD ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Frontline Traffic Solutions Ltd for the period ended 31 March 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm 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 https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Frontline Traffic Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 9 October 2024Our work has been undertaken solely to prepare for your approval the financial statements of Frontline Traffic Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Frontline Traffic Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Frontline Traffic Solutions Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Frontline Traffic Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Frontline Traffic Solutions Ltd. You consider that Frontline Traffic Solutions Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Frontline Traffic Solutions Ltd. 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 statutory financial statements.

  



MA Partners LLP
 
7 The Close
Norwich
Norfolk
NR1 4DJ
 
15 November 2024
Page 1

 
FRONTLINE TRAFFIC SOLUTIONS LTD
REGISTERED NUMBER: 14682119

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
109,150

  
109,150

Current assets
  

Debtors: amounts falling due within one year
 5 
155,936

Cash at bank and in hand
  
33,245

  
189,181

Creditors: amounts falling due within one year
 6 
(231,151)

Net current (liabilities)/assets
  
 
 
(41,970)

Total assets less current liabilities
  
67,180

Provisions for liabilities
  

Deferred tax
  
(26,544)

  
 
 
(26,544)

Net assets
  
40,636


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
40,536

  
40,636


Page 2

 
FRONTLINE TRAFFIC SOLUTIONS LTD
REGISTERED NUMBER: 14682119
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 November 2024.




P N Murton
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
FRONTLINE TRAFFIC SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Frontline Traffic Solutions Limited is a private Company limited by shares incorporated in England and Wales. The registered office is Sycamore Barn, Stone Lane, Bressingham, Diss, Norfolk, IP22 2BW. 
The Company was incorporated on 22 February 2023, it's principal activity is that of traffic management of roads and motorways, and it's activities are undertaken within the UK.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
FRONTLINE TRAFFIC SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
FRONTLINE TRAFFIC SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Tools & equipment
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments


The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from banks and other third parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Page 6

 
FRONTLINE TRAFFIC SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including the directors, during the period was 4.


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


Additions
28,081
109,690
7,767
145,538



At 31 March 2024

28,081
109,690
7,767
145,538



Depreciation


Charge for the period on owned assets
7,021
27,424
1,943
36,388



At 31 March 2024

7,021
27,424
1,943
36,388



Net book value



At 31 March 2024
21,060
82,266
5,824
109,150


5.


Debtors

2024
£


Trade debtors
145,999

Other debtors
536

Prepayments and accrued income
9,401

155,936


Page 7

 
FRONTLINE TRAFFIC SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
26,472

Amounts owed to associate
131,428

Corporation tax
18,459

Other taxation and social security
32,869

Other creditors
18,303

Accruals and deferred income
3,620

231,151



7.


Share capital

2024
£
Allotted, called up and fully paid


51 A Ordinary shares of £1.00 each
51
9 B Ordinary shares of £1.00 each
9
20 C Ordinary shares of £1.00 each
20
20 D Ordinary shares of £1.00 each
20

100


During the period 51 Ordinary A shares, 9 Ordinary B shares, 20 Ordinary C shares, and 20 Ordinary D shares were allotted and issued.


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,722. Contributions totalling £1,089 were payable to the fund at the balance sheet date and are included in other creditors within note 7.


9.


Related party transactions

The company owes an associate £131,428 at 31 March 2024. This loan is interest free, and is shown within creditors in note 7 to the financial statements.

 
Page 8