Company registration number 11861891 (England and Wales)
A1 Traffic Management Limited
FINANCIAL STATEMENTS
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
A1 Traffic Management Limited
Contents
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
A1 Traffic Management Limited
Statement Of Financial Position
as at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,112
14,483
Current assets
Debtors
4
2,070,959
1,040,330
Cash at bank and in hand
63,341
9,683
2,134,300
1,050,013
Creditors: amounts falling due within one year
5
(1,582,968)
(505,276)
Net current assets
551,332
544,737
Total assets less current liabilities
561,444
559,220
Provisions for liabilities
Deferred tax liability
6
2,501
3,621
(2,501)
(3,621)
Net assets
558,943
555,599
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
558,843
555,499
Total equity
558,943
555,599
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 January 2025 and are signed on its behalf by:
Mr P W Heneghan
Director
Company registration number 11861891 (England and Wales)
A1 Traffic Management Limited
Statement Of Changes In Equity
for the year ended 30 April 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 May 2022
100
218,723
218,823
Year ended 30 April 2023:
Profit and total comprehensive income
-
336,776
336,776
Balance at 30 April 2023
100
555,499
555,599
Year ended 30 April 2024:
Profit and total comprehensive income
-
508,344
508,344
Dividends
-
(505,000)
(505,000)
Balance at 30 April 2024
100
558,843
558,943
A1 Traffic Management Limited
Notes to the financial statements
for the year ended 30 April 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:
Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;
Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
The financial statements of the company are consolidated in the financial statements of [XXXXX]. These consolidated financial statements are available from its registered office, [XXXXXX].
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% Straight Line
Fixtures and fittings
25% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
A1 Traffic Management Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
1
Accounting policies
(continued)
- 4 -
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Directors
2
2
Admin and management
1
-
Total
3
2
A1 Traffic Management Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
5,000
13,823
18,823
Depreciation and impairment
At 1 May 2023
4,000
340
4,340
Depreciation charged in the year
1,000
3,371
4,371
At 30 April 2024
5,000
3,711
8,711
Carrying amount
At 30 April 2024
10,112
10,112
At 30 April 2023
1,000
13,483
14,483
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
18,083
38,329
Amounts owed by group undertakings
2,020,488
Other debtors
31,435
953,558
Prepayments and accrued income
953
48,443
2,070,959
1,040,330
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
68,629
28,071
Amounts owed to group undertakings
1,285,424
Corporation tax
170,629
78,385
Other taxation and social security
29,749
23,490
Other creditors
257
374,330
Accruals and deferred income
28,280
1,000
1,582,968
505,276
A1 Traffic Management Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 6 -
6
Deferred taxation
The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:
Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
2,501
3,621
2024
Movements in the year:
£
Liability at 1 May 2023
3,621
Credit to profit or loss
(1,120)
Liability at 30 April 2024
2,501
The deferred tax liability set out above is expected to reverse within 108 months and relates to accelerated capital allowances that are expected to mature within the same period.
7
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
James Bell
Statutory Auditor:
B M Howarth Ltd
Date of audit report:
29 January 2025
A1 Traffic Management Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 7 -
9
Related party transactions
Transactions with related parties
During the year the company entered into the following transactions with related parties:
2024
2023
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
1,285,424
-
Other related parties
-
374,330
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due from related parties
£
£
Other related parties
2,020,488
946,339
10
Ultimate controlling party
The company's parent undertaking is Heneghan Holdings Limited, which is registered in England and Wales, its registered office is Unit 3 Landmark Court, Leeds, England, LS11 8JT.
The company's ultimate parent undertaking is Heneghan Trustees Limited, which is registered in England and Wales, its registered office is Unit 3 Landmark Court, Leeds, England, LS11 8JT.
The smallest and largest undertaking for which the company is a member and for which group financial statements are prepared is Heneghan Holdings Limited.
11
Company information
A1 Traffic Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3, Landmark Court, Leeds, West Yorkshire, LS11 8JT.
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