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REGISTERED NUMBER: 04098783 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

TRAFFIC SAFETY & MANAGEMENT LIMITED

TRAFFIC SAFETY & MANAGEMENT LIMITED (REGISTERED NUMBER: 04098783)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


TRAFFIC SAFETY & MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr L P Turbill
Mr M J P Sheridan
Mrs V L Turbill
Mrs C A Sheridan





REGISTERED OFFICE: Fiji House, 5 The Courtyard
Harris Business Park
Stoke Prior
Bromsgrove
Worcestershire
B60 4DJ





REGISTERED NUMBER: 04098783 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Chartered Accountants
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TRAFFIC SAFETY & MANAGEMENT LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Traffic Safety & Management Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Traffic Safety & Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Traffic Safety & Management Limited and state those matters that we have agreed to state to the Board of Directors of Traffic Safety & Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Traffic Safety & Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Traffic Safety & Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Traffic Safety & Management Limited. You consider that Traffic Safety & Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Traffic Safety & Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Chartered Accountants
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


21 May 2025

TRAFFIC SAFETY & MANAGEMENT LIMITED (REGISTERED NUMBER: 04098783)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 361,506 243,326

CURRENT ASSETS
Stocks 437,684 330,784
Debtors 5 2,638,051 2,005,761
Cash at bank 569,649 98,080
3,645,384 2,434,625
CREDITORS
Amounts falling due within one year 6 2,874,520 2,014,098
NET CURRENT ASSETS 770,864 420,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,132,370

663,853

CREDITORS
Amounts falling due after more than one
year

7

(150,980

)

(136,089

)

PROVISIONS FOR LIABILITIES (72,694 ) (27,058 )
NET ASSETS 908,696 500,706

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 908,396 500,406
SHAREHOLDERS' FUNDS 908,696 500,706

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





Mr L P Turbill - Director


TRAFFIC SAFETY & MANAGEMENT LIMITED (REGISTERED NUMBER: 04098783)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Traffic Safety & Management 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 represents net invoiced sales of services, excluding value added tax. Turnover is recognised by reference to the stage of completion of the contract where it can be measured reliably.

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 - 15% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 Income Statement, 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.

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.

TRAFFIC SAFETY & MANAGEMENT LIMITED (REGISTERED NUMBER: 04098783)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 89 (2023 - 87 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 160,211 13,933 411,729 101,218 687,091
Additions 11,400 4,058 200,719 8,017 224,194
At 31 October 2024 171,611 17,991 612,448 109,235 911,285
DEPRECIATION
At 1 November 2023 62,211 4,864 287,535 89,155 443,765
Charge for year 16,407 4,321 78,645 6,641 106,014
At 31 October 2024 78,618 9,185 366,180 95,796 549,779
NET BOOK VALUE
At 31 October 2024 92,993 8,806 246,268 13,439 361,506
At 31 October 2023 98,000 9,069 124,194 12,063 243,326

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 111,894
Additions 169,889
At 31 October 2024 281,783
DEPRECIATION
At 1 November 2023 48,953
Charge for year 44,094
At 31 October 2024 93,047
NET BOOK VALUE
At 31 October 2024 188,736
At 31 October 2023 62,941

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,537,991 1,938,734
Other debtors 100,060 67,027
2,638,051 2,005,761

TRAFFIC SAFETY & MANAGEMENT LIMITED (REGISTERED NUMBER: 04098783)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 65,000 95,833
Hire purchase contracts (see note 8) 65,854 26,654
Trade creditors 912,730 714,319
Taxation and social security 856,406 446,421
Other creditors 974,530 730,871
2,874,520 2,014,098

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 26,667 91,667
Hire purchase contracts (see note 8) 124,313 44,422
150,980 136,089

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 74,165 29,841
Between one and five years 140,552 49,734
214,717 79,575

Finance charges repayable:
Within one year 8,311 3,187
Between one and five years 16,239 5,312
24,550 8,499

Net obligations repayable:
Within one year 65,854 26,654
Between one and five years 124,313 44,422
190,167 71,076

Non-cancellable operating leases
2024 2023
£    £   
Within one year 65,000 7,333
Between one and five years 127,000 88,000
In more than five years - 14,667
192,000 110,000

TRAFFIC SAFETY & MANAGEMENT LIMITED (REGISTERED NUMBER: 04098783)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 91,667 187,500
Hire purchase contracts 190,167 71,076
Factoring advances 752,535 562,892
1,034,369 821,468

10. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 68,442