Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 05678357 Mr T Salmon Mr T Salmon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05678357 2023-07-31 05678357 2024-07-31 05678357 2023-08-01 2024-07-31 05678357 frs-core:CurrentFinancialInstruments 2024-07-31 05678357 frs-core:Non-currentFinancialInstruments 2024-07-31 05678357 frs-core:ComputerEquipment 2024-07-31 05678357 frs-core:ComputerEquipment 2023-08-01 2024-07-31 05678357 frs-core:ComputerEquipment 2023-07-31 05678357 frs-core:ShareCapital 2024-07-31 05678357 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 05678357 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05678357 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 05678357 frs-bus:SmallEntities 2023-08-01 2024-07-31 05678357 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05678357 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 05678357 frs-bus:Director1 2023-08-01 2024-07-31 05678357 frs-bus:Director1 2023-07-31 05678357 frs-bus:Director1 2024-07-31 05678357 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 05678357 frs-countries:EnglandWales 2023-08-01 2024-07-31 05678357 2022-07-31 05678357 2023-07-31 05678357 2022-08-01 2023-07-31 05678357 frs-core:CurrentFinancialInstruments 2023-07-31 05678357 frs-core:Non-currentFinancialInstruments 2023-07-31 05678357 frs-core:ShareCapital 2023-07-31 05678357 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 05678357
Traffic Digital Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 05678357
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,640 11,770
10,640 11,770
CURRENT ASSETS
Debtors 5 134,136 105,696
Investments 6 16,764 16,764
Cash at bank and in hand 92,797 202,218
243,697 324,678
Creditors: Amounts Falling Due Within One Year 7 (27,490 ) (26,025 )
NET CURRENT ASSETS (LIABILITIES) 216,207 298,653
TOTAL ASSETS LESS CURRENT LIABILITIES 226,847 310,423
Creditors: Amounts Falling Due After More Than One Year 8 (22,000 ) (46,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (2,237 )
NET ASSETS 204,847 262,186
CAPITAL AND RESERVES
Called up share capital 10 331 331
Income Statement 204,516 261,855
SHAREHOLDERS' FUNDS 204,847 262,186
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For the year ending 31 July 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 Income Statement.
On behalf of the board
Mr T Salmon
Director
25/04/2025
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
Traffic Digital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05678357 . The registered office is 1 North Parade Passage, Bath, BA1 1NX.
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:
Computer Equipment 25% 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.
2.5. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 129,898
Additions 916
As at 31 July 2024 130,814
Depreciation
As at 1 August 2023 118,128
Provided during the period 2,046
As at 31 July 2024 120,174
Net Book Value
As at 31 July 2024 10,640
As at 1 August 2023 11,770
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 30,120 -
Other debtors 104,016 105,696
134,136 105,696
6. Current Asset Investments
2024 2023
£ £
Unlisted investments 16,764 16,764
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,340 1,005
Bank loans and overdrafts 24,000 24,000
Other creditors 1,196 1,020
Taxation and social security 954 -
27,490 26,025
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 22,000 46,000
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9. Secured Creditors
LLoyds Bank PLC holds a fixed and floating charge over the assets held within the company as of June 2020
2024 2023
£ £
Bank loans and overdrafts 46,000 70,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 331 331
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Thomas Salmon - 16 - - 16
The above loan is unsecured, interest free and repayable on demand.
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