Swords Traffic Management Limited iXBRL

Swords Traffic Management Limited

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

for the financial year ended 30 September 2025

SWORDS TRAFFIC MANAGEMENT LIMITED

DIRECTOR AND OTHER INFORMATION


Director	Mr Brian O'Neill


Company Secretary	Mrs Kathleen O'Neill


Company Registration Number	05927358


Registered Office and Business Address	39 Gay Street
	Bath
	Somerset
	BA1 2PA


Accountants	Strata Financial
	3 Harmony Court
	Harmony Row
	Dublin 2


Bankers	Allied Irish Bank
	Main Street
	Swords
	Co Dublin


	HSBC
	2 Market Place
	Chippenham
	Wiltshire

SWORDS TRAFFIC MANAGEMENT LIMITED

DIRECTOR'S REPORT

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

The director presents their report and the unaudited financial statements for the financial year ended 30 September 2025.

Principal Activity

The principal activity of the company during the year was the hire of traffic management vehicles and services.

Director

The director who served during the financial year is as follows:

Mr Brian O'Neill

There were no changes in shareholdings between 30 September 2025 and the date of signing the financial statements.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of director's Responsibilities and Declaration on Unaudited Financial Statements

General responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is 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 these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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 is 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.

Director's declaration on unaudited financial statements

In relation to the financial statements comprising the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes:

The director approves these financial statements and confirms that they is responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.

The director confirms that they has made available to Strata Financial, all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Mr Brian O'Neill

Director

7 October 2026

SWORDS TRAFFIC MANAGEMENT LIMITED

ACCOUNTANTS REPORT

TO THE DIRECTOR ON THE COMPILATION OF THE UNAUDITED FINANCIAL STATEMENTS OF SWORDS TRAFFIC MANAGEMENT LIMITED

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 September 2025 as set out on pages to which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the director of Swords Traffic Management Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this 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 its director for our work or for this report.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet for the year ended 30 September 2025 your duty to ensure that Swords Traffic Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Swords Traffic Management Limited. You consider that Swords Traffic Management Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Swords Traffic Management Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

Strata Financial

3 Harmony Court

Harmony Row

Dublin 2

7 October 2026

SWORDS TRAFFIC MANAGEMENT LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

	2025	2024
Notes	£	£

Turnover		2,506,233	2,936,681


Cost of sales		(1,322,140)	(1,473,276)
		─────────	─────────
Gross profit		1,184,093	1,463,405


Administrative expenses		(1,325,082)	(938,445)
		─────────	─────────
Operating (loss)/profit		(140,989)	524,960


Exceptional items	3	(194,152)	-
		─────────	─────────
(Loss)/profit before taxation		(335,141)	524,960


Tax on (loss)/profit		-	-
		─────────	─────────
(Loss)/profit for the financial year		(335,141)	524,960
		─────────	─────────
Total comprehensive income		(335,141)	524,960
		═════════	═════════

SWORDS TRAFFIC MANAGEMENT LIMITED

Company Registration Number: 05927358

BALANCE SHEET

as at 30 September 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

3,402,560

3,669,426

─────────

Current Assets

Debtors

1,181,194

1,353,344

Cash and cash equivalents

692,512

611,153

─────────

1,873,706

1,964,497

─────────

Creditors: amounts falling due within one year

(2,728,686)

(2,349,583)

─────────

Net Current Liabilities

(854,980)

(385,086)

─────────

Total Assets less Current Liabilities

2,547,580

3,284,340

Creditors:

amounts falling due after more than one year

(382,893)

(784,512)

Provisions for liabilities

(480,397)

(480,397)

─────────

Net Assets

1,684,290

2,019,431

═════════

Capital and Reserves

Called up share capital

1,000

1,000

Retained earnings

1,683,290

2,018,431

─────────

Equity attributable to owners of the company

1,684,290

2,019,431

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 7 October 2026




________________________________
Mr Brian O'Neill
Director

SWORDS TRAFFIC MANAGEMENT LIMITED

STATEMENT OF CHANGES IN EQUITY

AS AT 30 SEPTEMBER 2025

	Called up	Retained	Total
	share	earnings
	capital
	£	£	£

At 1 October 2023	1,000	1,493,471	1,494,471
	─────────	─────────	─────────
Profit for the financial year	-	524,960	524,960
	─────────	─────────	─────────
At 30 September 2024	1,000	2,018,431	2,019,431
	─────────	─────────	─────────
Loss for the financial year	-	(335,141)	(335,141)
	─────────	─────────	─────────
At 30 September 2025	1,000	1,683,290	1,684,290
	═════════	═════════	═════════

SWORDS TRAFFIC MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025

GENERAL INFORMATION

Swords Traffic Management Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 05927358. The registered office of the company is 39 Gay Street, Bath, Somerset, BA1 2PA which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 September 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, exclusive of trade discounts and value added tax. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold

Plant and machinery

5% Straight line

Fixtures, fittings and equipment

15% reducing balance

Motor vehicles

10% on cost

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount. If the recoverable amount of the asset is estimated to be lower than the carrying amount, the carrying amount is reduced to its recoverable amount

The company's policy is to review the remaining useful economic lives and residual values of Tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect remaining estimated useful economic life and residual value.

Fully depreciated property, plant and equipment are retained in the cost of the fixed assets and related accumulated depreciation until they are removed from service. In the case of disposals, assets and related depreciation are removed from the financial statements and the net amount, less proceeds from disposal, is charged or credited to the profit and loss account.

Trade and other debtors

Trade and other debtors are initially recognised at transaction price and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables. The amount of the provision is the difference between the asset's carrying amounts and the present value of estimated future cash flows, discounted at the effective interest rate. All movements in the level of the provision required are recognised in the profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Balance Sheet bank overdrafts are shown within Creditors.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

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

Employee benefits

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. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Exceptional item

Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.


3.	EXCEPTIONAL ITEMS	2025	2024
		£	£

	Other exceptional item 1	(194,152)	-
		═════════	═════════

	During the year the company recognised a charge of £194,151.86 arising from the correction of historic intercompany balances with connected parties. The adjustment relates to prior period accounting differences identified during a review of intercompany accounts and is considered exceptional by virtue of its size and non-recurring nature.

EMPLOYEES

The average monthly number of employees, including director, during the financial year was 7, (2024 - 6).


5.	TANGIBLE ASSETS
		Land and	Plant and	Fixtures,	Motor	Total
		buildings	machinery	fittings and	vehicles
		freehold		equipment
		£	£	£	£	£
	Cost
	At 1 October 2024	51,503	8,963	1,925	7,742,338	7,804,729
	Additions	-	-	-	567,573	567,573
		─────────	─────────	─────────	─────────	─────────
	At 30 September 2025	51,503	8,963	1,925	8,309,911	8,372,302
		─────────	─────────	─────────	─────────	─────────
	Depreciation
	At 1 October 2024	-	8,703	1,735	4,124,865	4,135,303
	Charge for the financial year	-	86	29	834,324	834,439
		─────────	─────────	─────────	─────────	─────────
	At 30 September 2025	-	8,789	1,764	4,959,189	4,969,742
		─────────	─────────	─────────	─────────	─────────
	Net book value
	At 30 September 2025	51,503	174	161	3,350,722	3,402,560
		═════════	═════════	═════════	═════════	═════════
	At 30 September 2024	51,503	260	190	3,617,473	3,669,426
		═════════	═════════	═════════	═════════	═════════

5.1.

TANGIBLE ASSETS CONTINUED

Included above are assets held under finance leases or hire purchase contracts as follows:

2025

2024

Net

Depreciation

Net

Depreciation

book value

charge

book value

charge

Motor vehicles

2,253,839

483,008

2,502,604

280,000

═════════


6.	DEBTORS	2025	2024
		£	£

	Trade debtors	1,181,194	1,342,110
	Taxation (Note 9)	-	6,197
	Prepayments and accrued income	-	5,037
		─────────	─────────
		1,181,194	1,353,344
		═════════	═════════

CREDITORS

2025

2024

Amounts falling due within one year

Bank overdrafts

41,474

Net obligations under finance leases

and hire purchase contracts

673,466

695,701

Trade creditors

436,884

472,285

Amounts owed to connected parties (Note 12)

453,646

Taxation (Note 9)

26,240

Director's current account

1,131,227

1,125,987

Other creditors

1,123

8,484

Accruals

6,100

5,652

─────────

2,728,686

2,349,583

═════════

Amounts due to connected parties are unsecured, interest free and repayable on demand.


8.	CREDITORS	2025	2024
	Amounts falling due after more than one year	£	£

	Finance leases and hire purchase contracts	382,893	784,512
		═════════	═════════


	Net obligations under finance leases
	and hire purchase contracts
	Repayable within one year	673,466	695,701
	Repayable between one and five years	382,893	784,512
		─────────	─────────
		1,056,359	1,480,213
		═════════	═════════


9.	TAXATION	2025	2024
		£	£

	Debtors:
	VAT	-	2,395
	PAYE / NI	-	3,802
		─────────	─────────
		-	6,197
		═════════	═════════
	Creditors:
	VAT	21,691	-
	PAYE / NI	4,549	-
		─────────	─────────
		26,240	-
		═════════	═════════

10.

PROVISIONS FOR LIABILITIES

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

480,397

480,397

480,397

─────────

At financial year end

480,397

480,397

═════════

11.

CAPITAL COMMITMENTS

The company had no material capital commitments at the financial year-ended 30 September 2025.


12.	RELATED PARTY TRANSACTIONS

	The following amounts are due to other connected parties:
		2025	2024
		£	£

		453,646	-
		═════════	═════════

13.

DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at year end 30th September 2025 the company owed director Brian O'Neill £1,131,227 (2024: £1,125,987).

During the year, the company paid rent totaling £90,000 (2024: £90,000)

14.

POST-BALANCE SHEET EVENTS

There have been no significant events affecting the company since the financial year-end.

SWORDS TRAFFIC MANAGEMENT LIMITED

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

TRADING STATEMENT

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025




		2025	2024
	Schedule	£	£

Sales		2,506,233	2,936,681
Cost of sales	1	(1,322,140)	(1,473,276)
		─────────	─────────
Gross profit		1,184,093	1,463,405
		─────────	─────────
Gross profit Percentage		47.2%	49.8%
		─────────	─────────

Overhead expenses	2	(1,325,082)	(938,445)
Exceptional items		(194,152)	-
		─────────	─────────
Net (loss)/profit		(335,141)	524,960
		═════════	═════════

SWORDS TRAFFIC MANAGEMENT LIMITED

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 1 : COST OF SALES

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025




	2025	2024
	£	£
Cost of Sales

Purchases	194,152	-
Direct costs	1,127,988	1,473,276
	─────────	─────────
	1,322,140	1,473,276
	═════════	═════════

SWORDS TRAFFIC MANAGEMENT LIMITED

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 2 : OVERHEAD EXPENSES

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025




	2025	2024
	£	£

Administration Expenses

Wages and salaries (including director's remuneration)	210,242	116,826
Social security costs	23,101	-
Pension costs	3,550	-
Staff training	1,213	-
Premises expenses	48,105	68,865
Insurance	19,731	15,997
Printing, postage and stationery	8,724	4,868
Advertising	50	-
Telephone Broadband	3,513	4,181
Motor expenses	79,638	-
Travelling and entertainment	38,256	38,868
Entertaining	367	722
Legal and professional	-	3,286
Accountancy Fees	7,271	3,113
Bank charges	2,481	3,764
Bad debts	49,875	-
Profit/loss on exchange	(6,005)	(14,887)
General expenses	531	1,173
Depreciation of tangible assets	834,439	691,669
	─────────	─────────
	1,325,082	938,445
	═════════	═════════