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REGISTERED NUMBER: 05927358 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Swords Traffic Management Limited

Swords Traffic Management Limited (Registered number: 05927358)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Swords Traffic Management Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: B M O'Neill





SECRETARY: Ms K O'Neill





REGISTERED OFFICE: 30 Gay Street
Bath
Somerset
BA1 2PA





REGISTERED NUMBER: 05927358 (England and Wales)

Swords Traffic Management Limited (Registered number: 05927358)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,669,426 3,189,774

CURRENT ASSETS
Debtors 5 1,349,542 1,143,569
Cash at bank 611,153 632,687
1,960,695 1,776,256
CREDITORS
Amounts falling due within one year 6 2,345,783 2,256,501
NET CURRENT LIABILITIES (385,088 ) (480,245 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,284,338

2,709,529

CREDITORS
Amounts falling due after more than one
year

7

(784,512

)

(734,663

)

PROVISIONS FOR LIABILITIES (480,397 ) (480,397 )
NET ASSETS 2,019,429 1,494,469

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,018,429 1,493,469
2,019,429 1,494,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 June 2025 and were signed by:





B M O'Neill - Director


Swords Traffic Management Limited (Registered number: 05927358)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Swords Traffic 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 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 10% on cost
Computer equipment - 5% on a straight line basis

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 agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Swords Traffic Management Limited (Registered number: 05927358)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date

Financial instruments
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 47,325 1,925 6,575,196 8,963 6,633,409
Additions 4,178 - 1,167,142 - 1,171,320
At 30 September 2024 51,503 1,925 7,742,338 8,963 7,804,729
DEPRECIATION
At 1 October 2023 - 1,703 3,433,358 8,574 3,443,635
Charge for year - 33 691,507 128 691,668
At 30 September 2024 - 1,736 4,124,865 8,702 4,135,303
NET BOOK VALUE
At 30 September 2024 51,503 189 3,617,473 261 3,669,426
At 30 September 2023 47,325 222 3,141,838 389 3,189,774

Swords Traffic Management Limited (Registered number: 05927358)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Included within the net book value of £3,669,426 is £1,603,781 (2023: £1,911,046) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £280,000 (2023: £307,265).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,342,110 1,063,013
Other debtors 7,432 80,556
1,349,542 1,143,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,474 -
Hire purchase contracts 695,701 653,754
Trade creditors 472,285 453,706
Taxation and social security (3,802 ) 3,638
Other creditors 1,140,125 1,145,403
2,345,783 2,256,501

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 784,512 734,663

8. RELATED PARTY DISCLOSURES

Included in creditors is £1,131,227 (2023: £1,131,227) owed to the director, B M O'Neill. The amount is unsecured, interest free and has no set repayment date.

During the year, the company paid rent totalling £90,000 (2023: £90,000) to B M O'Neill.