Blue Arrow Traffic Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01856518 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

BLUE ARROW TRAFFIC MANAGEMENT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Z R Webster

REGISTERED OFFICE:

Sapphire House

Clifton Lane

Runcorn

Cheshire

WA7 3FP

REGISTERED NUMBER:

01856518 (England and Wales)

AUDITORS:

Walker Begley Limited

Chartered Accountants and Statutory Auditors

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

FIXED ASSETS

Tangible assets

4

366,839

364,210

CURRENT ASSETS

Debtors

1,034,431

1,287,330

Investments

-

15,770

Cash at bank and in hand

80,173

102,545

1,114,604

1,405,645

CREDITORS

Amounts falling due within one year

553,279

652,998

NET CURRENT ASSETS

561,325

752,647

TOTAL ASSETS LESS CURRENT LIABILITIES

928,164

1,116,857

CREDITORS

Amounts falling due after more than one year

5

(356,572

)

(451,220

)

PROVISIONS FOR LIABILITIES

(4,847

)

(15,593

)

NET ASSETS

566,745

650,044

CAPITAL AND RESERVES

Called up share capital

500

500

Capital redemption reserve

500

500

Retained earnings

565,745

649,044

SHAREHOLDERS' FUNDS

566,745

650,044

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2020 and were signed by:

Z R Webster - Director

1.	STATUTORY INFORMATION

Blue Arrow Traffic Management Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services and accrued right to consideration on service contracts,

excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on reducing balance and 25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Cones and signs

A significant proportion of the purchases made by the company are cones and signs used for traffic management.

These items are charged in the profit and loss account in the year in which they are purchased.

Going concern

In light of COVID-19 and the impact on the economy, we have considered how this affects the company

performance and cashflow moving forward.

As a traffic management company we are designated "key workers" in the official list published by the

government. We have continued to trade through the pandemic, with little effect on operations, although ensuring

that all necessary Health and Safety guidelines are followed. We do however, recognise that there may be some

impact on profitability and recoverability of trade debtors. At this stage, based on contracts and management

figures, we do not expect this to be material, although we will continue to monitor cashflow and risk in a bid to

minimise the impact on our ability to operate. Based on our current evaluation, we believe the company to be a

going concern and the accounts are prepared on that basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2018 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2018

813,994

Additions

26,055

At 31 October 2019

840,049

DEPRECIATION

At 1 November 2018

449,784

Charge for year

23,426

At 31 October 2019

473,210

NET BOOK VALUE

At 31 October 2019

366,839

At 31 October 2018

364,210

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/10/19

31/10/18

as restated

£

£

Repayable by instalments

Bank loans repayable after 5 years by instalments

223,635

231,836

6.	SECURED DEBTS

The following secured debts are included within creditors:

31/10/19

31/10/18

as restated

£

£

Bank loans

337,327

399,011

Debenture on the banks standard form dated 21/10/1999.

Charge over land on the north side of Clifton Lane, Preston Brook, Warrington WA7 3FP on the bank standard

form dated 21/10/1999.

There is also a cross guarantee and debenture between Blue Arrow Traffic Management (Holdings) Limited, the

parent company of Blue Arrow Traffic Management Limited.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr K G Begley (Senior Statutory Auditor)

for and on behalf of Walker Begley Limited

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within debtors is a loan to the director, Z R Webster of £73,367 (2018 - £7,744). There are no set

repayment terms and interest is charged at 2.5%.

Z R Webster has provided a personal guarantee in respect of a loan included within creditors at the year end. The

total balance outstanding as at 31 October 2019 is £97,925 (2018 - £145,664).

9.	POST BALANCE SHEET EVENTS

The COVID-19 outbreak has developed rapidly in 2020, with a significant number of infections. Measures taken

by government to contain the virus have affected economic activity. We have taken a number of measures to

monitor and prevent the effects of the COVID-19 virus such safety and health measures for our people, such as

social distancing and securing the supply of materials that are essential to our operations.

At this stage, the impact on our business and results is limited. We will continue to follow the various policies

and advice and do our utmost to continue our operations in the best and safest way possible, without jeopardizing

the health of our people. We also refer to note 1 in relation to going concern.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Z R Webster.