Company Registration No. 12624378 (England and Wales)
Think Traffic Management Ltd
Unaudited accounts
for the year ended 30 April 2024
Think Traffic Management Ltd
Unaudited accounts
Contents
Think Traffic Management Ltd
Company Information
for the year ended 30 April 2024
Directors
Mark Groundwell
Samantha Groundwell
Company Number
12624378 (England and Wales)
Registered Office
Unit K2 Pelican Works
Wakefield Road
Leeds
LS26 0RS
United Kingdom
Think Traffic Management Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
40,334
34,657
Cash at bank and in hand
86,816
61,024
Creditors: amounts falling due within one year
(6,316)
(22,675)
Net current assets
97,518
57,577
Total assets less current liabilities
137,852
92,234
Creditors: amounts falling due after more than one year
(21,311)
(16,513)
Called up share capital
2
2
Profit and loss account
116,539
75,719
Shareholders' funds
116,541
75,721
For the year ending 30 April 2024 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 29 January 2025 and were signed on its behalf by
Mark Groundwell
Director
Company Registration No. 12624378
Think Traffic Management Ltd
Notes to the Accounts
for the year ended 30 April 2024
Think Traffic Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 12624378. The registered office is Unit K2 Pelican Works, Wakefield Road, Leeds, LS26 0RS, United Kingdom.
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% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
12,339
30,703
43,042
Additions
4,702
19,995
24,697
Disposals
-
(12,350)
(12,350)
At 30 April 2024
17,041
38,348
55,389
At 1 May 2023
2,869
5,516
8,385
Charge for the year
3,016
7,504
10,520
On disposals
-
(3,850)
(3,850)
At 30 April 2024
5,885
9,170
15,055
At 30 April 2024
11,156
29,178
40,334
At 30 April 2023
9,470
25,187
34,657
Think Traffic Management Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
12,800
19,128
Accrued income and prepayments
3,638
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,698
4,532
Trade creditors
10,963
1,611
Taxes and social security
9,019
7,876
Loans from directors
(22,196)
6,910
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
(6,910)
31,430
2,324
22,196
(6,910)
31,430
2,324
22,196
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).