Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Alasdair Seivwright 24/04/2015 Anne Seivwright 24/04/2015 04 June 2025 The principal activity of the company during the financial year continued to be the supply of traffic management services to the construction industry. During the financial year the company introduced agricultural trade as their secondary business activity. SC504275 2024-12-31 SC504275 bus:Director1 2024-12-31 SC504275 bus:Director2 2024-12-31 SC504275 2023-12-31 SC504275 core:CurrentFinancialInstruments 2024-12-31 SC504275 core:CurrentFinancialInstruments 2023-12-31 SC504275 core:Non-currentFinancialInstruments 2024-12-31 SC504275 core:Non-currentFinancialInstruments 2023-12-31 SC504275 core:ShareCapital 2024-12-31 SC504275 core:ShareCapital 2023-12-31 SC504275 core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 SC504275 core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 SC504275 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC504275 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC504275 core:LandBuildings 2023-12-31 SC504275 core:InvestmentPropertyIncludedWithinPPE 2023-12-31 SC504275 core:PlantMachinery 2023-12-31 SC504275 core:Vehicles 2023-12-31 SC504275 core:OfficeEquipment 2023-12-31 SC504275 core:LandBuildings 2024-12-31 SC504275 core:InvestmentPropertyIncludedWithinPPE 2024-12-31 SC504275 core:PlantMachinery 2024-12-31 SC504275 core:Vehicles 2024-12-31 SC504275 core:OfficeEquipment 2024-12-31 SC504275 bus:OrdinaryShareClass1 2024-12-31 SC504275 bus:OrdinaryShareClass2 2024-12-31 SC504275 2024-01-01 2024-12-31 SC504275 bus:FilletedAccounts 2024-01-01 2024-12-31 SC504275 bus:SmallEntities 2024-01-01 2024-12-31 SC504275 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC504275 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC504275 bus:Director1 2024-01-01 2024-12-31 SC504275 bus:Director2 2024-01-01 2024-12-31 SC504275 core:PlantMachinery 2024-01-01 2024-12-31 SC504275 core:Vehicles 2024-01-01 2024-12-31 SC504275 core:OfficeEquipment core:TopRangeValue 2024-01-01 2024-12-31 SC504275 2023-01-01 2023-12-31 SC504275 core:LandBuildings 2024-01-01 2024-12-31 SC504275 core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 SC504275 core:OfficeEquipment 2024-01-01 2024-12-31 SC504275 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 SC504275 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 SC504275 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC504275 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC504275 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 SC504275 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC504275 (Scotland)

WRIGHT TRAFFIC MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

WRIGHT TRAFFIC MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

WRIGHT TRAFFIC MANAGEMENT LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
WRIGHT TRAFFIC MANAGEMENT LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,509,269 1,887,623
2,509,269 1,887,623
Current assets
Debtors 4 207,343 248,544
Cash at bank and in hand 262,250 333,908
469,593 582,452
Creditors: amounts falling due within one year 5 ( 1,557,316) ( 1,142,753)
Net current liabilities (1,087,723) (560,301)
Total assets less current liabilities 1,421,546 1,327,322
Creditors: amounts falling due after more than one year 6 ( 9,605) ( 42,229)
Provision for liabilities ( 173,481) ( 142,339)
Net assets 1,238,460 1,142,754
Capital and reserves
Called-up share capital 7 100 100
Fair value reserve ( 12,234 ) ( 12,234 )
Profit and loss account 1,250,594 1,154,888
Total shareholders' funds 1,238,460 1,142,754

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Wright Traffic Management Limited (registered number: SC504275) were approved and authorised for issue by the Board of Directors on 04 June 2025. They were signed on its behalf by:

Alasdair Seivwright
Director
WRIGHT TRAFFIC MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
WRIGHT TRAFFIC MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wright Traffic Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Ordenhoves Steading, Cornhill, Banff, AB45 2XN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable from the supply of traffic management services to the construction industry and the sale of standing crop to the agricultural industry, all of which is net of VAT. Traffic management services turnover is recognised on a straight line business over the length of the hire of traffic management equipment.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Investment property not depreciated
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Investment property Plant and machinery Vehicles Office equipment Total
£ £ £ £ £ £
Cost
At 01 January 2024 937,454 364,500 353,073 652,379 1,975 2,309,381
Additions 493,630 3,450 0 312,500 0 809,580
Disposals 0 0 0 ( 126,454) 0 ( 126,454)
At 31 December 2024 1,431,084 367,950 353,073 838,425 1,975 2,992,507
Accumulated depreciation
At 01 January 2024 0 0 119,418 301,090 1,250 421,758
Charge for the financial year 0 0 35,048 127,850 494 163,392
Disposals 0 0 0 ( 101,912) 0 ( 101,912)
At 31 December 2024 0 0 154,466 327,028 1,744 483,238
Net book value
At 31 December 2024 1,431,084 367,950 198,607 511,397 231 2,509,269
At 31 December 2023 937,454 364,500 233,655 351,289 725 1,887,623

4. Debtors

2024 2023
£ £
Trade debtors 181,054 121,508
Corporation tax 8,174 39,384
Other debtors 18,115 87,652
207,343 248,544

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 323 50,646
Taxation and social security 76,930 42,436
Obligations under finance leases and hire purchase contracts 110,665 87,440
Other creditors 1,369,398 962,231
1,557,316 1,142,753

Net obligations due under hire purchase agreements are secured over the assets to which they relate.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 9,605 42,229

Net obligations due under hire purchase agreements are secured over the assets to which they relate.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 Class A ordinary shares of £ 1.00 each 50 50
50 Class B ordinary shares of £ 1.00 each 50 50
100 100

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to directors 73,554 108,857

These amounts are interest free and have no fixed terms of repayment.

Other related party transactions

2024 2023
£ £
Company under common control 1,292,000 800,000

There was a loan from a company under common control made to Wright Traffic Management in the previous year. This balance is interest free and has no fixed terms of repayment.