Company Registration No. 12328029 (England and Wales)
Primary Traffic Services Ltd
Unaudited accounts
for the year ended 30 November 2023
Primary Traffic Services Ltd
Unaudited accounts
Contents
Primary Traffic Services Ltd
Company Information
for the year ended 30 November 2023
Directors
John Christian Mold
Marion Hannah Mold
Company Number
12328029 (England and Wales)
Registered Office
203 West Street
Fareham
Hampshire
United Kingdom
PO16 0EN
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Primary Traffic Services Ltd
Accountants' report
Accountants' report to the board of directors of Primary Traffic Services Ltd on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Primary Traffic Services Ltd for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Primary Traffic Services Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Primary Traffic Services Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Primary Traffic Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Primary Traffic Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Primary Traffic Services Ltd. You consider that Primary Traffic Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Primary Traffic Services 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 accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
13 December 2024
Primary Traffic Services Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
46,475
37,565
Cash at bank and in hand
202,826
112,856
Creditors: amounts falling due within one year
(344,683)
(218,303)
Net current liabilities
(105,739)
(105,447)
Total assets less current liabilities
(59,264)
(67,882)
Creditors: amounts falling due after more than one year
(430)
(3,013)
Net liabilities
(59,694)
(70,895)
Called up share capital
100
100
Profit and loss account
(59,794)
(70,995)
Shareholders' funds
(59,694)
(70,895)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 December 2024 and were signed on its behalf by
John Christian Mold
Director
Company Registration No. 12328029
Primary Traffic Services Ltd
Notes to the Accounts
for the year ended 30 November 2023
Primary Traffic Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12328029. The registered office is 203 West Street, Fareham, Hampshire, United Kingdom, PO16 0EN .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
29,676
39,048
68,724
Additions
4,495
14,532
19,027
At 30 November 2023
34,171
53,580
87,751
At 1 December 2022
12,193
18,966
31,159
Charge for the year
4,814
5,303
10,117
At 30 November 2023
17,007
24,269
41,276
At 30 November 2023
17,164
29,311
46,475
At 30 November 2022
17,483
20,082
37,565
Primary Traffic Services Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,583
2,583
Trade creditors
14,101
15,976
Taxes and social security
89,620
42,218
Loans from directors
-
123
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
430
3,013
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(123)
(881)
(20,166)
19,162
9
Average number of employees
During the year the average number of employees was 5 (2022: 4).