Elite Traffic Management Recruitment Limited

	Page
Strategic Report	1—2
Directors' Report	3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Notes to the Financial Statements	11—18

The directors present their strategic report for the year ended 30 June 2024.

Principal Activity

The Company's principal activity continues to be that of the provision of labour supply and subcontract traffic management services.

Review of the Business

Activity levels have continued to increase across both high and low speed traffic management. This has been achieved from developing long standing strong relationships with the Company’s clients through delivering a quality, innovative and cost effective efficient service.

Key Performance Indicators

The Directors believe the Company’s key performance indicators are:

Year Ended 30 June 2024 30 June 2023

Revenue (£) 27,756,019 19,990,202

Gross Profit Margin % 11.3% 11.2%

Revenue has significantly increased by 39% in the current year. This increase is as a result of an overall increase across the Company’s key customers. It is anticipated that a similar revenue will be achieved in the current year as the directors look to concentrate on margin growth and managing overheads.

Finance costs increased significantly in the period as a result of the increases in the base rate which directly impact the cost of working capital through the invoice discounting facility. Operating profit margin increased from 1.6% to 2.3%.

Principal Risks and Uncertainties

The principal risks that the business faces

• Health and safety risks directly associated with the traffic management industry. The Company has heavily invested during the year in this area and will continue to do so as a key focus of promoting health and safety across the business.

• Whilst we generally operate in a positive trading environment through the Government’s “road investment strategy” via the National Highways, this also presents a potential risk in the current climate of reducing central and local government spending.

Financial risk

• Interest rate risk

The Company has interest bearing liabilities in the form of HP agreements used to fund certain capital items, which are on fixed rates. In addition the Company had an invoice discounting facility which has a variable rate

• Capital risk

The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern, and to maintain an optimum capital structure to reduce the cost of capital.

• Liquidity risk

The Company maintains adequate working capital to enable it to meet its operational requirements. Working capital is managed closely with annual cash flow forecasts approved by the board.

• Credit risk

The Company has in place relevant policies that require credit checks on potential customers before work commences. The senior leadership team regular monitor outstanding balances and the ageing of debt to ensure they are withing acceptable limits for each customer.

In addition the Company has in place credit insurance for all customers. The directors believe their credit risk policies and credit insurance cover are sufficient.

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Elite Traffic Management Recruitment Limited

Strategic Report (continued)

For The Year Ended 30 June 2024

Future Developments

Following the strategic decision to cease operations in Elite Civils, Elite Agg-Recycle, and Elite Power and Energy, the Company incurred a loss in the 2024 financial year. These closures were part of a broader realignment to streamline the group business and focus on core, sustainable revenue streams. Despite the overall loss, the Company maintained a positive EBITDA position in 2024 of £702,439 reflecting underlying operational strength and disciplined cost management.

Looking ahead, the Company returned to profitability in 2025, underpinned by a renewed focus on its core business areas, improved margin performance, and a leaner cost base. Management remains confident that this restructured operating model provides a stable foundation for sustainable growth and improved financial performance in future periods.

The Company will continue to focus on Growth through its existing client base whilst developing new customer relationships in the core business.

Ongoing focus on protecting the Company’s margin and maintain a controlled cost base remain a focus for the directors.

Furthermore, a continued focus on investment in technological advancements to support growth by streamlining process and create the ability for scalability whilst the business grows.

Dividends

The value of dividends paid amounted to £NIL .

The directors recommended a final dividend of £NIL .

Research and Development

The Company is focused with ongoing development of its IT infrastructure/platforms in order to automate processes, increase efficiencies, ensure ongoing compliance (for the sector), increase customer satisfaction and worker engagement.

The directors continuously consider innovative ways to improve the businesses performance through technology to ensure growth is not restricted.

Post Balance Sheet Events

There are no post balance sheet events to declare.

On behalf of the board

Mr Charlie Hatt

Director

26/09/2025

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Elite Traffic Management Recruitment Limited

Company No. 10808545

Directors' Report For The Year Ended 30 June 2024

Directors' Report

The directors present their report and the financial statements for the year ended 30 June 2024.

Directors

The directors who held office during the year were as follows:

Mr Jordan Shepherd

Mr Charlie Hatt

Mr Kyle Shepherd

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, Xeinadin Audit Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Kyle Shepherd

Director

26/09/2025

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Independent Auditor's Report

to the Members of

Elite Traffic Management Recruitment Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Elite Traffic Management Recruitment Limited for the year ended 30 June 2024 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 30 June 2024 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Elite Traffic Management Recruitment Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Company, we identified that the principal risks of non-compliance with laws and regulations related to corporation tax legislation and we considered the extent to which non-compliance might have a material effect on the financial statements.

As part of this assessment we considered both quantitative and qualitative factors. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the Companies Act 2006 and FRS 102.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements which included the risk of management override of controls. We determined that the principal risks were related to posting inappropriate journal entries, omitting, advancing or delaying recognition of events and transactions that have occurred during or after the reporting period, and potential management bias in the determination of accounting estimates or judgements to manipulate results.

Audit procedures performed by the engagement team include:

- Enquiring of and obtaining written representation from management in relation to known or suspected instances of non-compliance with laws and regulations and fraud;

- Enquiring of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;

- Evaluation of management's controls designed to prevent and detect irregularities;

- Identifying and, where relevant, testing journal entries posted by senior management or with unusual combinations;

- Assessing and evaluating the business rationale of significant transactions outside the normal course of business;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Incorporating elements of unpredictability into the nature, timing and/or extent of audit procedures performed.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Elite Traffic Management Recruitment Limited

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Kelvin Fitton BA FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited , Statutory Auditor

26/09/2025

Xeinadin Audit Limited

Sidings House

Sidings Court

Lakeside

Doncaster

DN4 5NU

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Elite Traffic Management Recruitment Limited

Profit and Loss Account

For The Year Ended 30 June 2024

Profit and Loss Account

		2024	2023 as restated
	Notes	£	£
TURNOVER		27,756,019	19,990,202
Cost of sales		(24,617,747 )	(17,774,283 )

GROSS PROFIT		3,138,272	2,215,919

Administrative expenses		(2,497,030 )	(1,887,959 )
Other operating income		1,000	155

OPERATING PROFIT	4	642,242	328,115
Exceptional items		(544,000)	-
Profit on disposal of fixed assets		1,244	4,833
Other interest receivable and similar income		-	-
Interest payable and similar charges	8	(354,904 )	(156,305 )

(LOSS)/PROFIT BEFORE TAXATION		(255,418 )	176,643
Tax on (Loss)/profit	9	(25,698 )	(69,603 )

(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR		(281,116 )	107,040

The notes on pages 11 to 18 form part of these financial statements.

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Elite Traffic Management Recruitment Limited

Statement of Comprehensive Income

For The Year Ended 30 June 2024

Statement of Comprehensive Income

	2024	2023 as restated
	£	£
LOSS FOR THE FINANCIAL YEAR	(281,116 )	107,040
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	(281,116 )	107,040

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Elite Traffic Management Recruitment Limited

Balance Sheet

As At 30 June 2024

Balance Sheet

Registered number: 10808545

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	11		177,830		81,983

			177,830		81,983
CURRENT ASSETS
Debtors	12	6,114,684		6,339,330
Cash at bank and in hand		1,798		14,174

		6,116,482		6,353,504
Creditors: Amounts Falling Due Within One Year	13	(5,948,490 )		(5,857,197 )

NET CURRENT ASSETS (LIABILITIES)			167,992		496,307

TOTAL ASSETS LESS CURRENT LIABILITIES			345,822		578,290

Creditors: Amounts Falling Due After More Than One Year	14		(337,097 )		(313,099 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	17		(45,147 )		(20,497 )

NET (LIABILITIES)/ASSETS			(36,422 )		244,694

CAPITAL AND RESERVES
Called up share capital	19		100		100
Profit and Loss Account			(36,522 )		244,594

SHAREHOLDERS' FUNDS			(36,422)		244,694

On behalf of the board

Mr Jordan Shepherd

Director

26/09/2025

The notes on pages 11 to 18 form part of these financial statements.

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Elite Traffic Management Recruitment Limited

Statement of Changes in Equity

For The Year Ended 30 June 2024

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 July 2022	100	137,554	137,654
Profit for the year and total comprehensive income	-	107,040	107,040

As at 30 June 2023 and 1 July 2023 as restated	100	244,594	244,694


Loss for the year and total comprehensive income	-	(281,116 )	(281,116)

As at 30 June 2024	100	(36,522 )	(36,422)

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Elite Traffic Management Recruitment Limited

Notes to the Financial Statements

For The Year Ended 30 June 2024

Notes to the Financial Statements

1. General Information

Elite Traffic Management Recruitment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10808545 . The registered office is 8 Brunel Gate, Harworth, Doncaster, DN11 8QB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

The figures are presented in GBP.

2.2. Going Concern Disclosure

The accounts have been prepared on the going concern basis as the directors have reviewed budgets and the companies are making profits post year end. Short term support is available from other group companies if required.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on Reducing Balance
Motor Vehicles	25% on Reducing Balance
Fixtures & Fittings	25% on Reducing Balance
Computer Equipment	25% on Reducing Balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Elite Traffic Management Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2024

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Exemption from producing a Cashflow Statement

The company is claiming exemption from producing a Cashflow statement as the accounts are included in the consolidated accounts for Elite Recruitment Group Ltd.

2.10. Debtors

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment

2.11. Creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. Other Operating Income

	2024	2023 as restated
	£	£
Other operating income	1,000	155

	1,000	155

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Elite Traffic Management Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2024

4. Operating Profit

The operating profit is stated after charging:

	2024	2023 as restated
	£	£
Bad debts	(1,839)	5,706
Operating lease rentals	56,835	41,415
Depreciation of tangible fixed assets - owned	27,697	22,226
Depreciation of tangible fixed assets - finance leases and hire purchase contracts	32,500	-

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2024	2023 as restated
	£	£
Audit Services
Audit of the company's financial statements	20,000	-

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2024	2023 as restated
	£	£
Wages and salaries	820,904	483,110
Social security costs	86,492	48,761
Other pension costs	20,431	15,402

	927,827	547,273

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2024	2023
Office and administration	10	4
Operations	10	17

	20	21

8. Interest Payable and Similar Charges

	2024	2023 as restated
	£	£
Bank loans and overdrafts	1,172	888
Interest payable on other loans	56,782	-
Factoring charges	289,182	150,741
Finance charges payable under finance leases and hire purchase contracts	7,768	-
Other finance charges	-	4,676

	354,904	156,305

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Elite Traffic Management Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2024

9. Tax on Profit

	Tax Rate		2024	2023 as restated
The tax charge on the (loss)/profit for the year was as follows:
	2024	2023	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	1,048	49,106
Deferred Tax
Deferred taxation			24,650	20,497


Total tax charge for the period			25,698	69,603


The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the (loss)/profit and the standard rate of corporation tax as follows:
			2024	2023
			£	£
Profit before tax			(255,418)	176,643

Tax on profit at 19% (UK standard rate)			(48,530 )	36,593
Goodwill/depreciation not allowed for tax			11,437	4,223
Expenses not deductible for tax purposes			76,729	17,262
Capital allowances			(30,408 )	(12,557 )
Difference in tax rates			-	3,585
Rollover relief on profit on disposal of fixed assets			24,650	20,497
Group relief			(8,180 )	-

Total tax charge for the period			25,698	69,603

10. Prior Period Adjustment

During the year, the company identified an error in the calculation of deferred tax and prepayments in a prior period. The error resulted in the overstatement of net assets brought forward of £36,449. Comparative figures have been restated where applicable.

11. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 July 2023	78,821	-	26,798	22,057	127,676
Additions	28,799	130,000	-	-	158,799
Disposals	(4,900 )	-	-	-	(4,900 )

As at 30 June 2024	102,720	130,000	26,798	22,057	281,575

Depreciation
As at 1 July 2023	24,382	-	12,577	8,734	45,693
Provided during the period	20,810	32,500	3,555	3,331	60,196
Disposals	(2,144 )	-	-	-	(2,144 )

As at 30 June 2024	43,048	32,500	16,132	12,065	103,745

...CONTINUED

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Elite Traffic Management Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2024

Net Book Value
As at 30 June 2024	59,672	97,500	10,666	9,992	177,830

As at 1 July 2023	54,439	-	14,221	13,323	81,983

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2024	2023 as restated
	£	£
Motor Vehicles	97,500	-

12. Debtors

	2024	2023 as restated
	£	£
Due within one year
Trade debtors	4,878,696	4,908,865
Amounts owed by group undertakings	461,743	548,259
Amounts owed by participating interests	-	43,464
Other debtors	773,131	838,742

	6,113,570	6,339,330
Due after more than one year
Other debtors	1,114	-

	6,114,684	6,339,330

13. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	26,000	-
Trade creditors	536,974	1,078,088
Bank loans and overdrafts	4,457,248	4,198,910
Other loans	48,209	39,084
Corporation tax	55,914	133,859
Other taxes and social security	49,127	12,630
Net wages	499	-
Other creditors	4,449	3,943
Accruals and deferred income	273,270	390,242
Amounts owed to group undertakings	496,800	441

	5,948,490	5,857,197

14. Creditors: Amounts Falling Due After More Than One Year

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	82,333	-
Bank loans	9,667	19,931
Other loans	245,097	293,168

	337,097	313,099

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Elite Traffic Management Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2024

Of the creditors the following amounts are secured

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	108,333	-
Bank loans and overdrafts	19,931	39,940
Other loans	293,306	332,252
Other Creditors	4,446,984	4,188,901

Hire purchase contracts are secured on the individual asset financed.

The invoice finance creditor is secured by a fixed and floating charge on the assets of the company.

Bank and other loans are secured over the assets of the company and other companies within the group.

15. Loans

An analysis of the maturity of loans is given below:

	2024	2023 as restated
	£	£
Amounts falling due within one year or on demand:
Bank loans	10,264	10,009
Other loans	48,209	39,084

	58,473	49,093

	2024	2023 as restated
	£	£
Amounts falling due between one and five years:
Bank loans	9,667	19,931
Other loans	245,097	293,168

	254,764	313,099

16. Obligations Under Finance Leases and Hire Purchase

	2024	2023 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	26,000	-
Later than one year and not later than five years	82,333	-

	108,333	-

	108,333	-

17. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023 as restated
	£	£
Other timing differences	45,147	20,497

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Elite Traffic Management Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2024

18. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 July 2023	20,497	20,497
Additions	24,650	24,650

Balance at 30 June 2024	45,147	45,147

19. Share Capital

	2024	2023 as restated
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

Each share has full rights in the company with respect to voting, dividends and distributions.

20. Capital Commitments

	2024	2023 as restated
	£	£
At the end of the period	275,000	-

At the end of the period, the company had capital commitments contracted for but not provided in these financial statements, relating to the purchase of vehicles.

21. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023 as restated
	£	£
Not later than one year	82,500	32,500
Later than one year and not later than five years	183,958	62,292

	266,458	94,792

22. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £20,431 (2023: £15,402).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

23. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 July 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 30 June 2024
	£	£	£	£	£
Mr Jordan Shepherd	-	3,300	-	-	3,300

The above loan is unsecured, interest free and repayable on demand.

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Elite Traffic Management Recruitment Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2024

24. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

Other related parties.

During the period, £86,616 (2023- £NIL) of expenses were paid by Elite Traffic Management Recruitment to a company under common control.

During the year, the Company entered into transactions with, a company in which the Company’s parent undertaking holds a significant interest.

The following transactions were carried out with the company during the year:

Elite Civils Ltd	2024	2023

Sales	118,541	95,380
Purchases	524,331	351,491
Loans	-	475,453
Bad Debts	47,882	-
Loans Written Off	299,931	-

During the year, the Company entered into transactions with, a fellow subsidiary company acquired in the year but not wholly owned by the Group.

The following transactions were carried out with the company during the year:

Fenton TM Ltd	2024

Sales	386,750
Purchases	140,736
Balances due from the company	284,240

25. Controlling Parties

The company's immediate parent undertaking is Elite Recruitment Group Ltd .

The ultimate parent undertaking and the smallest and largest group for which group accounts are drawn up, of which the company is a member is Elite Recruitment Group Ltd (incorporated in England & Wales). Its registered office is 8 Brunel Gate, Harworth, Doncaster DN11 8QB .

Copies of the accounts for the Parent undertaking can be obtained from Companies House

26. Exceptional Items

The exceptional items relate to intercompany loan write offs in the year following a realignment to streamline the group business.

Provisions against irrecoverable balances due from connected parties total £544,000, and have been recognised in the Income Statement

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