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)

Balance Sheet as at
5 April 2026

	Notes	05 Apr 2026		31 Mar 2025
		£	£	£	£
Fixed assets
Tangible assets	3		1,037,796		522,780
			1,037,796		522,780
Current assets
Debtors	4	1,507,422		894,531
Cash at bank and on hand		180,000		10,000
		1,687,422		904,531
Creditors amounts falling due within one year	5	(1,351,037)		(865,435)
Net current assets (liabilities)			336,385		39,096
Total assets less current liabilities			1,374,181		561,876
Creditors amounts falling due after one year	6		(564,231)		(232,275)
Net assets			809,950		329,601
Capital and reserves
Called up share capital			100		100
Profit and loss account			809,850		329,501
Shareholders' funds			809,950		329,601

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 21 July 2026, 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 period ended 5 April 2026

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


		2026		2025
	Average number of employees during the year	45		37

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 April 25	628,427	204,700	91,307	924,434
Additions	632,079	-	-	632,079
At 05 April 26	1,260,506	204,700	91,307	1,556,513
Depreciation and impairment
At 01 April 25	201,061	176,598	23,995	401,654
Charge for year	98,037	14,147	4,879	117,063
At 05 April 26	299,098	190,745	28,874	518,717
Net book value
At 05 April 26	961,408	13,955	62,433	1,037,796
At 31 March 25	427,366	28,102	67,312	522,780

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	1,110,754	630,717
Amounts owed by group undertakings	150,000	175,000
Amounts owed by associates and joint ventures / participating interests	28,618	-
Other debtors	218,050	88,814
Total	1,507,422	894,531

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	338,061	189,675
Bank borrowings and overdrafts	543,535	326,703
Amounts owed to related parties	-	8
Taxation and social security	105,704	185,090
Finance lease and HP contracts	295,327	108,405
Other creditors	67,360	54,504
Accrued liabilities and deferred income	1,050	1,050
Total	1,351,037	865,435

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	1,689
Amounts owed to related parties	41,800	41,800
Other creditors	522,431	188,786
Total	564,231	232,275

7.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	817,758		297,191

8.	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.

9.	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.

10.	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 £150,000 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 is a 100% owned subsidiary of Miles Holdings Ltd.

10.

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 £150,000

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 is a 100% owned subsidiary of Miles Holdings Ltd.