Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 SC480510 Mr Stuart Patterson Mr David Maxwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC480510 2023-11-30 SC480510 2024-11-30 SC480510 2023-12-01 2024-11-30 SC480510 frs-core:CurrentFinancialInstruments 2024-11-30 SC480510 frs-core:Non-currentFinancialInstruments 2024-11-30 SC480510 frs-core:ComputerEquipment 2024-11-30 SC480510 frs-core:ComputerEquipment 2023-12-01 2024-11-30 SC480510 frs-core:ComputerEquipment 2023-11-30 SC480510 frs-core:MotorVehicles 2024-11-30 SC480510 frs-core:MotorVehicles 2023-12-01 2024-11-30 SC480510 frs-core:MotorVehicles 2023-11-30 SC480510 frs-core:PlantMachinery 2024-11-30 SC480510 frs-core:PlantMachinery 2023-12-01 2024-11-30 SC480510 frs-core:PlantMachinery 2023-11-30 SC480510 frs-core:ShareCapital 2024-11-30 SC480510 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC480510 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC480510 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC480510 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC480510 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC480510 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC480510 frs-bus:Director1 2023-12-01 2024-11-30 SC480510 frs-bus:Director2 2023-12-01 2024-11-30 SC480510 frs-countries:Scotland 2023-12-01 2024-11-30 SC480510 2022-11-30 SC480510 2023-11-30 SC480510 2022-12-01 2023-11-30 SC480510 frs-core:CurrentFinancialInstruments 2023-11-30 SC480510 frs-core:Non-currentFinancialInstruments 2023-11-30 SC480510 frs-core:ShareCapital 2023-11-30 SC480510 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: SC480510
Highland Traffic Management Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
MoynanSmith
Chartered Accountants & Tax Advisers
Unit 4 Clifford Court
Cooper Way
Carlisle
Cumbria
CA3 0JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC480510
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 261,644 349,362
261,644 349,362
CURRENT ASSETS
Debtors 5 102,967 251,115
Cash at bank and in hand 104,871 86,492
207,838 337,607
Creditors: Amounts Falling Due Within One Year 6 (146,613 ) (263,465 )
NET CURRENT ASSETS (LIABILITIES) 61,225 74,142
TOTAL ASSETS LESS CURRENT LIABILITIES 322,869 423,504
Creditors: Amounts Falling Due After More Than One Year 7 (7,272 ) (21,817 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (53,637 ) (76,860 )
NET ASSETS 261,960 324,827
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account 261,957 324,824
SHAREHOLDERS' FUNDS 261,960 324,827
Page 1
Page 2
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stuart Patterson
Director
Mr David Maxwell
Director
28 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Highland Traffic Management Limited is a private company, limited by shares, incorporated in Scotland, registered number SC480510 . The registered office is Annat 2 Annat Point Industrial Estate, Corpach, Fort William, PH33 7NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 4 years straight line and 20% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 3 years straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 12)
11 12
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 180,953 339,524 6,307 526,784
Additions - 24,701 380 25,081
Disposals - (49,858 ) - (49,858 )
As at 30 November 2024 180,953 314,367 6,687 502,007
Depreciation
As at 1 December 2023 97,840 76,683 2,899 177,422
Provided during the period 24,428 53,803 1,378 79,609
Disposals - (16,668 ) - (16,668 )
As at 30 November 2024 122,268 113,818 4,277 240,363
Net Book Value
As at 30 November 2024 58,685 200,549 2,410 261,644
As at 1 December 2023 83,113 262,841 3,408 349,362
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 91,681 229,254
Prepayments and accrued income 8,876 21,861
Other debtors 2,410 -
102,967 251,115
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,318 1,788
Bank loans and overdrafts 14,546 14,546
Other taxes and social security 55,523 89,545
Other creditors 911 306
Accruals and deferred income 3,750 5,194
Amounts owed to group undertakings 69,565 152,086
146,613 263,465
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,272 21,817
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are £173,502 which relate to the company's 5 year rent agreement.
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