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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
Page
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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
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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
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Primary Traffic Services Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,475 
37,565 
Current assets
Debtors
36,118 
- 
Cash at bank and in hand
202,826 
112,856 
238,944 
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)
Capital and reserves
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
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Primary Traffic Services Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 November 2023
17,164 
29,311 
46,475 
At 30 November 2022
17,483 
20,082 
37,565 
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Primary Traffic Services Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,770 
- 
Other debtors
34,348 
- 
36,118 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
237,302 
140,577 
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 
Other creditors
- 
14,750 
Loans from directors
- 
123 
Accruals
1,077 
2,076 
344,683 
218,303 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
430 
3,013 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
John Christian Mold
Director Loan Account
(123)
(881)
(20,166)
19,162 
(123)
(881)
(20,166)
19,162 
9
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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