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REGISTERED NUMBER: 07414704 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Traffic Labour Supplies Ltd

Traffic Labour Supplies Ltd (Registered number: 07414704)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Traffic Labour Supplies Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr P Chamley
Mr M Midson





REGISTERED OFFICE: 19 Churchgate
Retford
Nottinghamshire
DN22 6PF





REGISTERED NUMBER: 07414704 (England and Wales)





AUDITORS: KJA Kilner Johnson Ltd (Statutory Auditors)
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

Traffic Labour Supplies Ltd (Registered number: 07414704)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,389,637 1,294,798

CURRENT ASSETS
Debtors 5 5,236,699 3,770,438
Cash at bank and in hand 344,703 18,607
5,581,402 3,789,045
CREDITORS
Amounts falling due within one year 6 5,196,891 3,722,115
NET CURRENT ASSETS 384,511 66,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,774,148

1,361,728

CREDITORS
Amounts falling due after more than one year 7 (606,384 ) (735,900 )

PROVISIONS FOR LIABILITIES (347,410 ) (232,701 )
NET ASSETS 820,354 393,127

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 820,154 392,927
SHAREHOLDERS' FUNDS 820,354 393,127

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 4 July 2025 and were signed on its behalf by:





Mr P Chamley - Director


Traffic Labour Supplies Ltd (Registered number: 07414704)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Traffic Labour Supplies Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised at the point in time when services are rendered in full.

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 etc - 20% straight line

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.

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.

Accrued income
Accrued Income consists of late invoices and work in progress. Once the relevant performance obligations are satisfied in point of time and services rendered in full, the accrued income is then invoiced and recognised as a trade debtor.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 17 ) .

Traffic Labour Supplies Ltd (Registered number: 07414704)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 1,723,988
Additions 519,708
Disposals (90,216 )
At 31 October 2024 2,153,480
DEPRECIATION
At 1 November 2023 429,186
Charge for year 379,717
Eliminated on disposal (45,060 )
At 31 October 2024 763,843
NET BOOK VALUE
At 31 October 2024 1,389,637
At 31 October 2023 1,294,802

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023 1,560,675
Additions 372,899
Disposals (87,816 )
At 31 October 2024 1,845,758
DEPRECIATION
At 1 November 2023 313,691
Charge for year 349,545
Eliminated on disposal (44,700 )
At 31 October 2024 618,536
NET BOOK VALUE
At 31 October 2024 1,227,222
At 31 October 2023 1,246,984

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,710,522 2,748,226
Amounts owed by group undertakings 786,008 333,632
Other debtors 740,169 688,580
5,236,699 3,770,438

Traffic Labour Supplies Ltd (Registered number: 07414704)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 411,307 329,845
Trade creditors 1,002,431 465,775
Amounts owed to group undertakings 648 31,696
Taxation and social security 327,577 269,228
Other creditors 3,454,928 2,625,571
5,196,891 3,722,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 606,384 730,347
Other creditors - 5,553
606,384 735,900

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 411,307 329,845
Between one and five years 606,384 730,347
1,017,691 1,060,192

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,017,691 1,060,192
Invoice financing 3,308,783 2,327,645
4,326,474 3,387,837

Hire purchase contracts are secured against the asset to which the liability relates to.

Invoice financing is secured against the book debt.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
180 Ordinary A £1 180 180
20 Ordinary B £1 20 20
200 200

Traffic Labour Supplies Ltd (Registered number: 07414704)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

11. RESERVES
Retained
earnings
£   

At 1 November 2023 392,931
Profit for the year 727,223
Dividends (300,000 )
At 31 October 2024 820,154

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


In line with ISA (UK) 710 Paragraph 14, we state the fact that the corresponding figures are unaudited. We have performed audit procedures to obtain sufficient appropriate audit evidence that the opening balances do not appear to contain misstatements that materially affect the current period's financial statements.

Raza Effendi MBA FCA (Senior Statutory Auditor)
for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)