Queensferry Traffic Management Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC513272 (Scotland)

Financial Statements

for the Period 1 September 2023 to 31 December 2024

for

Queensferry Traffic Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K N Docherty

D Jones

J Watt

REGISTERED OFFICE:

145 St Vincent Street

Glasgow

G2 5JF

REGISTERED NUMBER:

SC513272 (Scotland)

AUDITORS:

McLay McAlister & McGibbon LLP

Chartered Accountants and Statutory Auditors

145 St Vincent Street

Glasgow

G2 5JF

CURRENT ASSETS

Debtors

5

1,220,055

253,135

Investments

6

-

748,061

Cash at bank

41,551

374,209

1,261,606

1,375,405

CREDITORS

Amounts falling due within one year

7

(1,129,934

)

(350,897

)

NET CURRENT ASSETS

131,672

1,024,508

TOTAL ASSETS LESS CURRENT
LIABILITIES

131,672

1,024,508

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

131,669

1,024,505

SHAREHOLDERS' FUNDS

131,672

1,024,508

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

J Watt - Director

1.	STATUTORY INFORMATION

Queensferry Traffic Management Ltd is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Financial instruments

Debtors

Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts.

Creditors

Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

Taxation

Taxation for the period 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 period 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.

Investments

Investments are held at market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2023

and 31 December 2024

4,944

DEPRECIATION

At 1 September 2023

and 31 December 2024

4,944

NET BOOK VALUE

At 31 December 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.8.23

£

Trade debtors

146,963

253,132

Amounts owed by group undertakings

1,073,089

-

Other debtors

3

1,220,055

253,135

6.	CURRENT ASSET INVESTMENTS

31.12.24

31.8.23

£

Unlisted investments

-

748,061

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.8.23

£

Amounts owed to group undertakings

1,000,000

-

Taxation and social security

52,421

85,506

Other creditors

77,513

265,391

1,129,934

350,897

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

The Report of the Auditors was unqualified.

Paul Martin (Senior Statutory Auditor)

for and on behalf of McLay McAlister & McGibbon LLP

9.	RELATED PARTY DISCLOSURES

During the period the company paid dividends of £1,000,000 (Year Ended 31 August 2023: £nil) to PPK Holdings Limited, the immediate parent company. At the period end, a balance of £1,000,000 (Year Ended 31 August 2023: £nil) was due to PPK Holdings Limited. This loan is interest free and payable on demand.

During the period the company incurred costs of £20,880 (Year Ended 31 August 2023: £36,000) from PMK Construction Limited, a company controlled by certain directors.

During the period the company made sales of £417,139 (Year Ended 31 August 2023: £690,292) to and incurred costs totalling £287,434 (Year Ended 31 August 2023: £401,375) from PMK Civil Engineering Ltd, now a fellow subsidiary. At the period end, a balance of £1,220,052 (Year Ended 31 August 2023: £253,132) was due from PMK Civil Engineering Ltd.

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11.	ULTIMATE CONTROLLING PARTY

On 9 May 2024 100% of the issued ordinary share capital of the company was acquired by PPK Holdings Limited, a company incorporated in Scotland.

On 28 June 2024, 100% of the issued ordinary share capital of PPK Holdings Limited was transferred to the PMK Employee Ownership Trust. PPK Holdings Limited is controlled by PMK Trustees Ltd as the Trustee of the PMK Employee Ownership Trust.

PPK Holdings Limited is the largest group for which consolidated financial statements are prepared which includes these results. A copy of the consolidated financial statements may be obtained from the registered office:

145 St Vincent Street

Glasgow

G2 5JF