Traffic Engineering Services Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 03680706

Financial Statements for the Year Ended 31 December 2024

for

Traffic Engineering Services Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

JM Dodd

SECRETARY:

REGISTERED OFFICE:

Lutton House

1 Lowgate

Lutton

Nr Spalding

Lincolnshire

PE12 9HP

REGISTERED NUMBER:

03680706

ACCOUNTANTS:

Gwynne-Evans & Co Limited

Chartered Accountants

49 Sandy Lodge Way

Northwood

Middlesex

HA6 2AR

FIXED ASSETS

Tangible assets

4

26,860

15,883

CURRENT ASSETS

Stocks

46,346

-

Debtors

5

103,503

328,695

Cash in hand

102,042

45,419

251,891

374,114

CREDITORS

Amounts falling due within one year

6

96,138

194,160

NET CURRENT ASSETS

155,753

179,954

TOTAL ASSETS LESS CURRENT
LIABILITIES

182,613

195,837

CREDITORS

Amounts falling due after more than one
year

7

4,167

14,167

NET ASSETS

178,446

181,670

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

178,346

181,570

SHAREHOLDERS' FUNDS

178,446

181,670

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 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 12 September 2025 and were signed by:

JM Dodd - Director

1.	STATUTORY INFORMATION

Traffic Engineering Services Ltd. is a private company, limited by shares , registered in Not specified/Other. 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

Plant and machinery is depreciated at 33% on cost, or 25% on reducing balance, to write-off the value of each asset over its useful life.

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

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.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

102,920

Additions

17,257

Disposals

(25,395

)

At 31 December 2024

94,782

DEPRECIATION

At 1 January 2024

87,037

Charge for year

6,280

Eliminated on disposal

(25,395

)

At 31 December 2024

67,922

NET BOOK VALUE

At 31 December 2024

26,860

At 31 December 2023

15,883

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

Plant and

machinery

etc

£

COST

At 1 January 2024

73,300

Disposals

(25,395

)

At 31 December 2024

47,905

DEPRECIATION

At 1 January 2024

73,300

Eliminated on disposal

(25,395

)

At 31 December 2024

47,905

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

71,174

188,380

Amounts recoverable on contract

25,212

127,744

Other debtors

7,117

12,571

103,503

328,695

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

10,000

Trade creditors

6,598

13,474

Tax

10,227

71,002

Social security and other taxes

5,615

13,428

VAT

14,130

27,088

Other creditors

1,043

11,168

Accruals and deferred income

48,525

48,000

96,138

194,160

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans - 1-2 years

4,167

10,000

Bank loans - 2-5 years

-

4,167

14,167

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

JM Dodd

Balance outstanding at start of year

-

Amounts advanced

2,386

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,386

-

During the year the company provided loans to the sole Director, Mr Dodd, on which interest at above the Official Interest rate was charged. This loan and accrued interest was repaid in full by the date these accounts were signed at which time £nil was due from the Director.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Gwynne-Evans & Co Limited

Chartered Accountants

49 Sandy Lodge Way

Northwood

Middlesex

HA6 2AR

12 September 2025