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EXPRESS TRAFFIC MANAGEMENT LIMITED

Registered Number
09246082
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

EXPRESS TRAFFIC MANAGEMENT LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director | MILES, Stephen Ronald

Company Secretary | MILES, Sharon Marie

Registered Address | Unit 8a Bowburn South Industrial Estate
| Bowburn
| Durham
| DH6 5AD

Registered Number | 09246082 (England and Wales)

EXPRESS TRAFFIC MANAGEMENT LIMITED
Balance Sheet as at
31 March 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 4 |  |  | 522,780 |  |  |  | 342,471
|  |  |  | 522,780 |  |  |  | 342,471
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 894,531 |  |  |  | 769,675 |  |
Cash at bank and on hand |  | 10,000 |  |  |  | 38,157 |  |
|  | 904,531 |  |  |  | 807,832 |  |
Creditors amounts falling due within one year | 6 | (865,435) |  |  |  | (529,578) |  |
Net current assets (liabilities) |  |  |  | 39,096 |  |  |  | 278,254
Total assets less current liabilities |  |  |  | 561,876 |  |  |  | 620,725
Creditors amounts falling due after one year | 7 |  |  | (232,275) |  |  |  | (321,206)
Net assets |  |  |  | 329,601 |  |  |  | 299,519
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | 329,501 |  |  |  | 299,419
Shareholders' funds |  |  |  | 329,601 |  |  |  | 299,519

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 17 November 2025, and are signed on its behalf by:
MILES, Stephen Ronald Director Registered Company No. 09246082

EXPRESS TRAFFIC MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company's parent undertaking is Miles Holdings Limited and the parent company registered office address is 7 Darley Court, Plawsworth, Chester Le Street, DH2 3LQ

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Turnover policy
--- | ---
| 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

| Revenue from rendering of services
--- | ---
| Revenue 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.

| Employee benefits
--- | ---
| Contributions to defined contribution plans are expensed in the period to which they relate.

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Straight line (years)
| Plant and machinery | 5
| Fixtures and fittings | 5
| Vehicles | 5
| Office Equipment | 5

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 37 |  | 36

3. | Further information regarding the company's income
--- | ---
| During the reporting period, the Company experienced lower than anticipated turnover due to delays in the commencement and progression of key contracts. These delays, which were largely outside of the Company’s control, impacted the expected revenue profile for the financial year. Despite this temporary reduction, the Directors remain confident in the long-term outlook of the business. The Company has secured a strong pipeline of projects scheduled to progress during the financial year 2025–26 and beyond, which is expected to result in increased turnover and improved profit margins. To support delivery of these new contracts and enhance overall profitability, the Company has invested in additional plant and equipment, strengthening operational capacity and efficiency. The Directors are satisfied that the Company is well positioned for growth in the forthcoming year and continues to maintain a solid foundation for sustainable, long-term performance.

4. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Vehicles |  | Fixtures & fittings |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 April 24 | 394,050 |  | 185,450 |  | 91,307 |  | 670,807
| Additions | 234,377 |  | 19,250 |  | - |  | 253,627
| At 31 March 25 | 628,427 |  | 204,700 |  | 91,307 |  | 924,434
| Depreciation and impairment
| At 01 April 24 | 146,792 |  | 162,428 |  | 19,116 |  | 328,336
| Charge for year | 54,269 |  | 14,170 |  | 4,879 |  | 73,318
| At 31 March 25 | 201,061 |  | 176,598 |  | 23,995 |  | 401,654
| Net book value
| At 31 March 25 | 427,366 |  | 28,102 |  | 67,312 |  | 522,780
| At 31 March 24 | 247,258 |  | 23,022 |  | 72,191 |  | 342,471

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 630,717 |  | 496,508
| Amounts owed by group undertakings | 175,000 |  | 175,000
| Other debtors | 88,814 |  | 96,291
| Total | 894,531 |  | 767,799

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 189,675 |  | 199,812
| Bank borrowings and overdrafts | 326,703 |  | 237,330
| Amounts owed to related parties | 8 |  | 8
| Taxation and social security | 185,090 |  | 60,968
| Finance lease and HP contracts | 108,405 |  | -
| Other creditors | 54,504 |  | 30,460
| Accrued liabilities and deferred income | 1,050 |  | 1,000
| Total | 865,435 |  | 529,578

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 1,689 |  | 88,331
| Amounts owed to related parties | 41,800 |  | 41,800
| Other creditors | 188,786 |  | 191,075
| Total | 232,275 |  | 321,206

8. | Obligations under finance leases
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finance lease and HP contracts | 297,191 |  | 191,075

| From other creditors in notes 6 and 7.

9. | Provisions for liabilities
--- | ---
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

10. | Off-balance sheet arrangements
--- | ---
| The company has an invoicing finance facility with Igf Business Credit Limited and the facility is secured against an all assets guarantee & debenture given by the company and comprising fixed and floating charges over the whole or substantially the whole of the business, assets and undertaking.

11. | Related party transactions
--- | ---
| The following inter-company loans existed at the end of the accounting period, all amounts were owed to Express Traffic Management Ltd by the companies listed: Miles Holdings Ltd £175,000 Miles Holdings Ltd is a related party because the director S Miles is also a director of this company and has significant control over both companies. Express Traffic Management was a 90% owned subsidiary of Miles Holdings Ltd at 31 March 2025 now a 100% owned subsidiary as of 27 October 2025. At 31 March 2025 Express Traffic Management owed the shareholder S Willey £41,799.60.