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LAR Traffic Services Limited

Registered Number
04289287
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

LAR Traffic Services Limited
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

Longmore, Adam Kenneth
LONGMORE, Jason Adam
MCAULIFFE, James

Company Secretary

GILCHRISTS COMPANY SECRETARIAL SERVICES LIMITED

Registered Address

Unit 2 Station Road
Braughing
Ware
SG11 2PB

Registered Number

04289287 (England and Wales)
LAR Traffic Services Limited
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets324,50027,250
Tangible assets4485,033792,282
Investment property52,965,2232,535,946
3,474,7563,355,478
Current assets
Stocks63,9764,289
Debtors820,7121,420,346
Cash at bank and on hand1,655,1721,758,296
2,479,8603,182,931
Creditors amounts falling due within one year7(505,278)(993,983)
Net current assets (liabilities)1,974,5822,188,948
Total assets less current liabilities5,449,3385,544,426
Creditors amounts falling due after one year8(387,833)(632,189)
Provisions for liabilities10(89,946)(126,784)
Net assets4,971,5594,785,453
Capital and reserves
Called up share capital100100
Profit and loss account4,971,4594,785,353
Shareholders' funds4,971,5594,785,453
The financial statements were approved and authorised for issue by the Board of Directors on 9 June 2025, and are signed on its behalf by:
LONGMORE, Jason Adam
Director
MCAULIFFE, James
Director

Registered Company No. 04289287
LAR Traffic Services Limited
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in pound sterling (£) and this is the functional currency of the company.
Turnover policy
Revenue is recognised when the company fulfils contractual obligations to customers of the supply of its services. Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill is the difference between amounts paid on the aquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life. Amortisation is provided straight line over 20 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year1432
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 October 2355,00055,000
At 30 September 2455,00055,000
Amortisation and impairment
At 01 October 2327,75027,750
Charge for year2,7502,750
At 30 September 2430,50030,500
Net book value
At 30 September 2424,50024,500
At 30 September 2327,25027,250
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 October 23125,000267,8401,795,435178,60849,3832,416,266
Additions-4,50010,833-68116,014
Disposals--(793,649)(681)-(794,330)
At 30 September 24125,000272,3401,012,619177,92750,0641,637,950
Depreciation and impairment
At 01 October 23-245,3591,213,540116,55348,5321,623,984
Charge for year-6,68297,80315,7941,468121,747
On disposals--(592,133)-(681)(592,814)
At 30 September 24-252,041719,210132,34749,3191,152,917
Net book value
At 30 September 24125,00020,299293,40945,580745485,033
At 30 September 23125,00022,481581,89562,055851792,282
5.Investment property
The directors value investment properties, and in their view, the market value of the investment properties are not materially different than the book value.

£
Fair value at 01 October 232,535,946
Additions429,277
At 30 September 242,965,223
6.Stocks

2024

2023

££
Raw materials and consumables3,9764,289
Total3,9764,289
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables191,860199,925
Bank borrowings and overdrafts57,75257,752
Taxation and social security166,478607,274
Finance lease and HP contracts15,20952,762
Other creditors70,97974,102
Accrued liabilities and deferred income3,0002,168
Total505,278993,983
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts387,833607,737
Other creditors-24,452
Total387,833632,189
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts-24,451
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)89,946126,784
Total89,946126,784
11.Related party transactions
The company paid rent of £32,996 (2023 - £32,996) for the use of business premises, to A. Longmore, director and sole shareholder of the company. In addition, LAR Traffic Services Limited was owed £84,524 (2023- £84,524) by Mustang Maniac Limited a company in which A. Longmore is director and shareholder.