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REGISTERED NUMBER: 03610760 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

TRAFFI-CO LIMITED

TRAFFI-CO LIMITED (REGISTERED NUMBER: 03610760)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRAFFI-CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: C R Gessey
M R Smith





SECRETARY: C R Gessey





REGISTERED OFFICE: Constable Court
62 Dene Street
Dorking
Surrey
RH4 2DP





REGISTERED NUMBER: 03610760 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
Constable Court
62 Dene Street
Dorking
Surrey
RH4 2DP

TRAFFI-CO LIMITED (REGISTERED NUMBER: 03610760)

BALANCE SHEET
31ST AUGUST 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,345 140,263

CURRENT ASSETS
Stocks 3,900 3,900
Debtors 5 360,113 252,829
Cash at bank 434,193 717,465
798,206 974,194
CREDITORS
Amounts falling due within one year 6 143,926 209,888
NET CURRENT ASSETS 654,280 764,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,625

904,569

CREDITORS
Amounts falling due after more than one
year

7

(23,490

)

(25,464

)

PROVISIONS FOR LIABILITIES (33,086 ) (35,066 )
NET ASSETS 730,049 844,039

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 730,045 844,035
730,049 844,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TRAFFI-CO LIMITED (REGISTERED NUMBER: 03610760)

BALANCE SHEET - continued
31ST AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th March 2025 and were signed on its behalf by:




C R Gessey - Director



M R Smith - Director


TRAFFI-CO LIMITED (REGISTERED NUMBER: 03610760)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Traffi-Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

TRAFFI-CO LIMITED (REGISTERED NUMBER: 03610760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st September 2023 423,697 35,055 269,210 12,206 740,168
Additions 1,550 - 39,230 541 41,321
At 31st August 2024 425,247 35,055 308,440 12,747 781,489
DEPRECIATION
At 1st September 2023 407,607 35,055 146,499 10,744 599,905
Charge for year 8,124 - 40,492 623 49,239
At 31st August 2024 415,731 35,055 186,991 11,367 649,144
NET BOOK VALUE
At 31st August 2024 9,516 - 121,449 1,380 132,345
At 31st August 2023 16,090 - 122,711 1,462 140,263

The net book value of tangible fixed assets includes £ 68,367 (2023 - £ 68,458 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 172,671 112,673
Other debtors 187,442 140,156
360,113 252,829

TRAFFI-CO LIMITED (REGISTERED NUMBER: 03610760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Hire purchase contracts 26,602 24,821
Trade creditors 37,346 36,393
Taxation and social security 59,949 122,048
Other creditors 20,029 26,626
143,926 209,888

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Hire purchase contracts 23,490 25,464