Registered number
08025663
4th Street Traffic Ltd
Filleted Accounts
31 March 2024
4th Street Traffic Ltd
Registered number: 08025663
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 2,729 3,411
Current assets
Cash at bank and in hand 8,347 8,252
Creditors: amounts falling due within one year 4 (600) (300)
Net current assets 7,747 7,952
Total assets less current liabilities 10,476 11,363
Creditors: amounts falling due after more than one year 5 (32,882) (33,170)
Net liabilities (22,406) (21,807)
Capital and reserves
Called up share capital 100 100
Profit and loss account (22,506) (21,907)
Shareholder's funds (22,406) (21,807)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A W Britton
Director
Approved by the board on 25 November 2024
4th Street Traffic Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 32,054
At 31 March 2024 32,054
Depreciation
At 1 April 2023 28,643
Charge for the year 682
At 31 March 2024 29,325
Net book value
At 31 March 2024 2,729
At 31 March 2023 3,411
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 600 300
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 32,882 33,170
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A W Britton
Directors loan (33,170) 288 (32,882)
(33,170) 288 - (32,882)
7 Controlling party
The controlling party is A W Britton, by virtue of shareholding.
8 Other information
4th Street Traffic Ltd is a private company limited by shares and incorporated in England. Its registered office is:
52 St Marys Road
Pontllanfraith
Blackwood
NP12 2NS
4th Street Traffic Ltd 08025663 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 A W Britton No description of principal activity 08025663 2022-04-01 2023-03-31 08025663 core:WithinOneYear 2023-03-31 08025663 core:AfterOneYear 2023-03-31 08025663 core:ShareCapital 2023-03-31 08025663 core:RetainedEarningsAccumulatedLosses 2023-03-31 08025663 2023-04-01 2024-03-31 08025663 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08025663 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08025663 bus:Director40 2023-04-01 2024-03-31 08025663 2 2023-04-01 2024-03-31 08025663 core:PlantMachinery 2023-04-01 2024-03-31 08025663 bus:Director1 2023-04-01 2024-03-31 08025663 bus:Director1 1 2023-04-01 2024-03-31 08025663 countries:England 2023-04-01 2024-03-31 08025663 bus:FRS102 2023-04-01 2024-03-31 08025663 bus:FilletedAccounts 2023-04-01 2024-03-31 08025663 2024-03-31 08025663 core:WithinOneYear 2024-03-31 08025663 core:AfterOneYear 2024-03-31 08025663 core:ShareCapital 2024-03-31 08025663 core:RetainedEarningsAccumulatedLosses 2024-03-31 08025663 core:PlantMachinery 2024-03-31 08025663 bus:Director1 1 2024-03-31 08025663 2023-03-31 08025663 core:PlantMachinery 2023-03-31 08025663 bus:Director1 1 2023-03-31 iso4217:GBP xbrli:pure