COMPANY REGISTRATION NUMBER:
14825982
|
Traffic Distribution Limited |
|
|
Filleted Unaudited Accounts |
|
|
Traffic Distribution Limited |
|
|
Statement of Financial Position |
|
30 April 2025
Current assets
|
Stocks |
112,143 |
|
188,085 |
|
|
Debtors |
4 |
18,099 |
|
44,409 |
|
|
Cash at bank and in hand |
24,496 |
|
46,405 |
|
|
--------- |
|
--------- |
|
|
154,738 |
|
278,899 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
(
135,927) |
|
(
247,376) |
|
|
--------- |
|
--------- |
|
|
Net current assets |
|
18,811 |
|
31,523 |
|
|
-------- |
|
-------- |
|
Total assets less current liabilities |
|
18,811 |
|
31,523 |
|
|
-------- |
|
-------- |
|
Net assets |
|
18,811 |
|
31,523 |
|
|
-------- |
|
-------- |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
|
100 |
|
Profit and loss account |
|
18,711 |
|
31,423 |
|
|
-------- |
|
-------- |
|
Shareholders funds |
|
18,811 |
|
31,523 |
|
|
-------- |
|
-------- |
|
|
|
|
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
.
These accounts were approved by the
board of directors
and authorised for issue on
4 June 2026
, and are signed on behalf of the board by:
Company registration number:
14825982
|
Traffic Distribution Limited |
|
Year ended 30 April 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.
2.
Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The comparatives are the first accounts for the period from incorporation to 30 April 2024.
Going concern
The company has the support from its parent undertaking Cologne Bicycle Group GmbH, whom will continue to support the company and will not call for payment of amounts due until the company has sufficient funds.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
12,419 |
44,409 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
1,443 |
– |
|
Other debtors |
4,237 |
– |
|
-------- |
-------- |
|
18,099 |
44,409 |
|
-------- |
-------- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
20,855 |
10,512 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
106,545 |
207,044 |
|
Corporation tax |
– |
10,465 |
|
Social security and other taxes |
727 |
10,753 |
|
Other creditors |
7,800 |
8,602 |
|
--------- |
--------- |
|
135,927 |
247,376 |
|
--------- |
--------- |
|
|
|
6.
Controlling party
The company's immediate and ultimate controlling party at the year end was
Cologne Bicycle Group GmbH
, a company incorporated in Germany.