EXPRESS TRAFFIC MANAGEMENT LIMITED


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)

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.

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.

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 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.

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.

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.

	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