Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false132023-04-01No description of principal activity13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05392436 2023-04-01 2024-03-31 05392436 2022-04-01 2023-03-31 05392436 2024-03-31 05392436 2023-03-31 05392436 c:Director1 2023-04-01 2024-03-31 05392436 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 05392436 d:Buildings d:ShortLeaseholdAssets 2024-03-31 05392436 d:Buildings d:ShortLeaseholdAssets 2023-03-31 05392436 d:MotorVehicles 2023-04-01 2024-03-31 05392436 d:MotorVehicles 2024-03-31 05392436 d:MotorVehicles 2023-03-31 05392436 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05392436 d:FurnitureFittings 2023-04-01 2024-03-31 05392436 d:FurnitureFittings 2024-03-31 05392436 d:FurnitureFittings 2023-03-31 05392436 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05392436 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05392436 d:CurrentFinancialInstruments 2024-03-31 05392436 d:CurrentFinancialInstruments 2023-03-31 05392436 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05392436 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05392436 d:ShareCapital 2024-03-31 05392436 d:ShareCapital 2023-03-31 05392436 d:RetainedEarningsAccumulatedLosses 2024-03-31 05392436 d:RetainedEarningsAccumulatedLosses 2023-03-31 05392436 c:OrdinaryShareClass1 2023-04-01 2024-03-31 05392436 c:OrdinaryShareClass1 2024-03-31 05392436 c:OrdinaryShareClass1 2023-03-31 05392436 c:FRS102 2023-04-01 2024-03-31 05392436 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05392436 c:FullAccounts 2023-04-01 2024-03-31 05392436 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05392436 4 2023-04-01 2024-03-31 05392436 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05392436









TRAFFICRICH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
TRAFFICRICH LIMITED
REGISTERED NUMBER: 05392436

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
45,344
55,262

  
45,344
55,262

Current assets
  

Debtors: amounts falling due within one year
 5 
294,247
343,956

Cash at bank and in hand
 6 
369,004
333,145

  
663,251
677,101

Creditors: amounts falling due within one year
 7 
(233,303)
(231,607)

Net current assets
  
 
 
429,948
 
 
445,494

Total assets less current liabilities
  
475,292
500,756

  

Net assets
  
475,292
500,756


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
474,292
499,756

  
475,292
500,756


Page 1

 
TRAFFICRICH LIMITED
REGISTERED NUMBER: 05392436
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 statement of comprehensive income 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 by: 




................................................
R Coles
Director

Date: 22 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TRAFFICRICH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Trafficrich Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales (registered number 05392436). 
The company's registered office address is at 101 New Cavendish Street, 1st Floor South London, W1W 6XH. 
The principal activity of the Company continued to be that of ad trafficking outsourcing.
The financial statements are presented in Sterling, which is the functional currency of the Company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

Page 3

 
TRAFFICRICH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

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:

Short-term leasehold property
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
25%

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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

 
TRAFFICRICH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 13).


4.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
3,282
61,530
74,319
139,131


Additions
-
-
7,338
7,338


Disposals
-
-
(3,390)
(3,390)



At 31 March 2024

3,282
61,530
78,267
143,079



Depreciation


At 1 April 2023
1,890
22,038
59,940
83,868


Charge for the year on owned assets
131
9,873
4,569
14,573


Disposals
-
-
(706)
(706)



At 31 March 2024

2,021
31,911
63,803
97,735



Net book value



At 31 March 2024
1,261
29,619
14,464
45,344



At 31 March 2023
1,392
39,492
14,378
55,262

Page 5

 
TRAFFICRICH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
278,125
314,219

Amounts owed by group undertakings
-
9,069

Other debtors
11,255
11,750

Prepayments and accrued income
4,867
8,124

Tax recoverable
-
794

294,247
343,956



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
369,004
333,145

369,004
333,145



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
28,868
49,546

Corporation tax
99,442
71,121

Other taxation and social security
96,788
106,206

Other creditors
3,681
2,024

Accruals and deferred income
4,524
2,710

233,303
231,607


Page 6

 
TRAFFICRICH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



9.


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 charges represent contributions payable by the Company to the fund.

 
Page 7