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REGISTERED NUMBER: 04087803 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

LTS Traffic Management Limited

LTS Traffic Management Limited (Registered number: 04087803)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LTS Traffic Management Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: G A Andreetti
S W Weeks
J H Benjamin





REGISTERED OFFICE: Rear of 2 Oaks
Broxhill Road
Havering-atte-Bower
Romford
Essex
RM4 1QH





REGISTERED NUMBER: 04087803 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

LTS Traffic Management Limited (Registered number: 04087803)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 578,252 451,108

CURRENT ASSETS
Debtors 5 1,728,790 1,264,518
Cash at bank 2,067 104,469
1,730,857 1,368,987
CREDITORS
Amounts falling due within one year 6 1,715,878 1,064,947
NET CURRENT ASSETS 14,979 304,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,231

755,148

CREDITORS
Amounts falling due after more than one
year

7

(425,259

)

(587,908

)

PROVISIONS FOR LIABILITIES (28,000 ) (32,000 )
NET ASSETS 139,972 135,240

CAPITAL AND RESERVES
Called up share capital 3 3
Capital redemption reserve 1 1
Retained earnings 139,968 135,236
SHAREHOLDERS' FUNDS 139,972 135,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LTS Traffic Management Limited (Registered number: 04087803)

Balance Sheet - continued
31 October 2023


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 Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





J H Benjamin - Director


LTS Traffic Management Limited (Registered number: 04087803)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

LTS Traffic Management 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.

This company is not part of a group.

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
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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life:

- Plant and machinery etc 25% on reducing balance
- Improvements to propertyover the remaining period of the lease

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, loans from banks and other third parties and loans to and from related parties.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LTS Traffic Management Limited (Registered number: 04087803)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, including bank loans are also measured at transaction price since the difference between this basis and the amortised cost basis is not material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 693,700
Additions 272,546
At 31 October 2023 966,246
DEPRECIATION
At 1 November 2022 242,592
Charge for year 145,402
At 31 October 2023 387,994
NET BOOK VALUE
At 31 October 2023 578,252
At 31 October 2022 451,108

The net book value of tangible fixed assets include an amount of £361,034 (2022: £373,493) in respect of assets held under hire purchase agreements. Of the depreciation charged in the profit and loss account, £102,375 (2022: £94,178) relates to assets held under hire purchase agreements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,720,723 1,249,736
Other debtors 8,067 14,782
1,728,790 1,264,518

LTS Traffic Management Limited (Registered number: 04087803)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 72,500 72,499
Hire purchase contracts (see note 8) 105,302 84,053
Trade creditors 674,118 281,121
Taxation and social security 449,490 545,306
Other creditors 414,468 81,968
1,715,878 1,064,947

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 158,366 226,333
Hire purchase contracts (see note 8) 266,893 361,575
425,259 587,908

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 105,302 84,053
Between one and five years 266,893 361,575
372,195 445,628

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Invoice discounting account 254,535 -

Time Invoice Finance Limited holds a fixed and floating charge over all property and assets of the company as security for the invoice discounting facility.

Hire purchase liabilities are secured on the assets to which they relate.

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has financial commitments of £45,675 in relation to a non cancellable lease agreement for the company's premises.

Also at the balance sheet date the company has financial commitments of £13,568 in relation to a vehicle lease.

LTS Traffic Management Limited (Registered number: 04087803)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date am amount of £2,475 was owed to the company by its director, G Andreetti. This amount is included within other debtors. Interest is charged on this loan at the official rate of interest. The loan has subsequently been repaid, post year end.