IRIS Accounts Production v25.1.4.42 NI635370 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6353702023-12-31NI6353702024-12-31NI6353702024-01-012024-12-31NI6353702022-12-31NI6353702023-01-012023-12-31NI6353702023-12-31NI635370ns15:NorthernIreland2024-01-012024-12-31NI635370ns14:PoundSterling2024-01-012024-12-31NI635370ns10:Director12024-01-012024-12-31NI635370ns10:Director22024-01-012024-12-31NI635370ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31NI635370ns10:SmallEntities2024-01-012024-12-31NI635370ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31NI635370ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31NI635370ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31NI635370ns10:FullAccounts2024-01-012024-12-31NI635370ns10:RegisteredOffice2024-01-012024-12-31NI635370ns5:CurrentFinancialInstruments2024-12-31NI635370ns5:CurrentFinancialInstruments2023-12-31NI635370ns5:Non-currentFinancialInstruments2024-12-31NI635370ns5:Non-currentFinancialInstruments2023-12-31NI635370ns5:ShareCapital2024-12-31NI635370ns5:ShareCapital2023-12-31NI635370ns5:CapitalRedemptionReserve2024-12-31NI635370ns5:CapitalRedemptionReserve2023-12-31NI635370ns5:RetainedEarningsAccumulatedLosses2024-12-31NI635370ns5:RetainedEarningsAccumulatedLosses2023-12-31NI635370ns5:PlantMachinery2024-01-012024-12-31NI635370ns5:PlantMachinery2023-12-31NI635370ns5:PlantMachinery2024-12-31NI635370ns5:PlantMachinery2023-12-31NI635370ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31NI635370ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: NI635370 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Greentown Traffic Management Limited

Greentown Traffic Management Limited (Registered number: NI635370)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greentown Traffic Management Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr JR Armstrong
Mrs T Armstrong





REGISTERED OFFICE: 63 Marble Arch Road
Florencecourt
ENNISKILLEN
Co. Fermanagh
BT92 1DE





REGISTERED NUMBER: NI635370 (Northern Ireland)





ACCOUNTANTS: Gildernew & Co Ltd
Six Northland Row
DUNGANNON
Co. Tyrone
BT71 6AW

Greentown Traffic Management Limited (Registered number: NI635370)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 1,042,739 1,050,638

CURRENT ASSETS
Stocks 33,603 2,000
Debtors 4 1,097,650 1,984,698
Cash at bank 440,063 97,039
1,571,316 2,083,737
CREDITORS
Amounts falling due within one year 5 740,237 1,242,693
NET CURRENT ASSETS 831,079 841,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,873,818

1,891,682

CREDITORS
Amounts falling due after more than one
year

6

(120,601

)

(159,672

)

PROVISIONS FOR LIABILITIES (259,547 ) (261,522 )
NET ASSETS 1,493,670 1,470,488

CAPITAL AND RESERVES
Called up share capital 99 99
Capital redemption reserve 34 34
Retained earnings 1,493,537 1,470,355
SHAREHOLDERS' FUNDS 1,493,670 1,470,488

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

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

Greentown Traffic Management Limited (Registered number: NI635370)

Balance Sheet - continued
31 December 2024


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 3 July 2025 and were signed on its behalf by:




Mr JR Armstrong - Director



Mrs T Armstrong - Director


Greentown Traffic Management Limited (Registered number: NI635370)

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


1. 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.
Plant and machinery etc - 20% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Greentown Traffic Management Limited (Registered number: NI635370)

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


1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 115 (2023 - 109 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,890,296
Additions 322,445
Disposals (174,598 )
At 31 December 2024 2,038,143
DEPRECIATION
At 1 January 2024 839,658
Charge for year 233,626
Eliminated on disposal (77,880 )
At 31 December 2024 995,404
NET BOOK VALUE
At 31 December 2024 1,042,739
At 31 December 2023 1,050,638

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 821,285 1,798,267
Other debtors 276,365 186,431
1,097,650 1,984,698

Greentown Traffic Management Limited (Registered number: NI635370)

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


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts - 748
Hire purchase contracts 113,165 151,515
Trade creditors 76,192 514,133
Amounts owed to participating interests 144,778 120,383
Taxation and social security 396,055 443,488
Other creditors 10,047 12,426
740,237 1,242,693

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 120,601 159,672