Northern Link Traffic Data Consultancy Limited

NORTHERN LINK TRAFFIC DATA CONSULTANCY LIMITED - Company Information

2021-01-012021-12-312021-12-31false04308608Northern Link Traffic Data Consultancy Limited2022-07-0682990iso4217:GBPxbrli:pure043086082021-01-01043086082021-12-31043086082021-01-012021-12-31043086082020-01-01043086082020-12-31043086082020-01-012020-12-3104308608bus:SmallEntities2021-01-012021-12-3104308608bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3104308608bus:FullAccounts2021-01-012021-12-3104308608bus:PrivateLimitedCompanyLtd2021-01-012021-12-3104308608core:WithinOneYear2021-12-3104308608core:AfterOneYear2021-12-3104308608core:WithinOneYear2020-12-3104308608core:AfterOneYear2020-12-3104308608core:ShareCapital2021-12-3104308608core:SharePremium2021-12-3104308608core:RevaluationReserve2021-12-3104308608core:OtherReservesSubtotal2021-12-3104308608core:RetainedEarningsAccumulatedLosses2021-12-3104308608core:ShareCapital2020-12-3104308608core:SharePremium2020-12-3104308608core:RevaluationReserve2020-12-3104308608core:OtherReservesSubtotal2020-12-3104308608core:RetainedEarningsAccumulatedLosses2020-12-3104308608core:LandBuildings2021-12-3104308608core:PlantMachinery2021-12-3104308608core:Vehicles2021-12-3104308608core:FurnitureFittings2021-12-3104308608core:OfficeEquipment2021-12-3104308608core:NetGoodwill2021-12-3104308608core:IntangibleAssetsOtherThanGoodwill2021-12-3104308608core:ListedExchangeTraded2021-12-3104308608core:UnlistedNon-exchangeTraded2021-12-3104308608core:LandBuildings2020-12-3104308608core:PlantMachinery2020-12-3104308608core:Vehicles2020-12-3104308608core:FurnitureFittings2020-12-3104308608core:OfficeEquipment2020-12-3104308608core:NetGoodwill2020-12-3104308608core:IntangibleAssetsOtherThanGoodwill2020-12-3104308608core:ListedExchangeTraded2020-12-3104308608core:UnlistedNon-exchangeTraded2020-12-3104308608core:LandBuildings2021-01-012021-12-3104308608core:PlantMachinery2021-01-012021-12-3104308608core:Vehicles2021-01-012021-12-3104308608core:FurnitureFittings2021-01-012021-12-3104308608core:OfficeEquipment2021-01-012021-12-3104308608core:NetGoodwill2021-01-012021-12-3104308608core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3104308608core:ListedExchangeTraded2021-01-012021-12-3104308608core:UnlistedNon-exchangeTraded2021-01-012021-12-3104308608core:MoreThanFiveYears2021-01-012021-12-3104308608core:Non-currentFinancialInstruments2021-12-3104308608core:Non-currentFinancialInstruments2020-12-3104308608dpl:CostSales2021-01-012021-12-3104308608dpl:DistributionCosts2021-01-012021-12-3104308608dpl:AdministrativeExpenses2021-01-012021-12-3104308608core:LandBuildings2021-01-012021-12-3104308608core:PlantMachinery2021-01-012021-12-3104308608core:Vehicles2021-01-012021-12-3104308608core:FurnitureFittings2021-01-012021-12-3104308608core:OfficeEquipment2021-01-012021-12-3104308608core:NetGoodwill2021-01-012021-12-3104308608core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3104308608dpl:GroupUndertakings2021-01-012021-12-3104308608dpl:ParticipatingInterests2021-01-012021-12-3104308608dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3104308608core:ListedExchangeTraded2021-01-012021-12-3104308608dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3104308608core:UnlistedNon-exchangeTraded2021-01-012021-12-3104308608dpl:CostSales2020-01-012020-12-3104308608dpl:DistributionCosts2020-01-012020-12-3104308608dpl:AdministrativeExpenses2020-01-012020-12-3104308608core:LandBuildings2020-01-012020-12-3104308608core:PlantMachinery2020-01-012020-12-3104308608core:Vehicles2020-01-012020-12-3104308608core:FurnitureFittings2020-01-012020-12-3104308608core:OfficeEquipment2020-01-012020-12-3104308608core:NetGoodwill2020-01-012020-12-3104308608core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3104308608dpl:GroupUndertakings2020-01-012020-12-3104308608dpl:ParticipatingInterests2020-01-012020-12-3104308608dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3104308608core:ListedExchangeTraded2020-01-012020-12-3104308608dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3104308608core:UnlistedNon-exchangeTraded2020-01-012020-12-3104308608core:NetGoodwill2021-12-3104308608core:IntangibleAssetsOtherThanGoodwill2021-12-3104308608core:LandBuildings2021-12-3104308608core:PlantMachinery2021-12-3104308608core:Vehicles2021-12-3104308608core:FurnitureFittings2021-12-3104308608core:OfficeEquipment2021-12-3104308608core:AfterOneYear2021-12-3104308608core:WithinOneYear2021-12-3104308608core:ListedExchangeTraded2021-12-3104308608core:UnlistedNon-exchangeTraded2021-12-3104308608core:ShareCapital2021-12-3104308608core:SharePremium2021-12-3104308608core:RevaluationReserve2021-12-3104308608core:OtherReservesSubtotal2021-12-3104308608core:RetainedEarningsAccumulatedLosses2021-12-3104308608core:NetGoodwill2020-12-3104308608core:IntangibleAssetsOtherThanGoodwill2020-12-3104308608core:LandBuildings2020-12-3104308608core:PlantMachinery2020-12-3104308608core:Vehicles2020-12-3104308608core:FurnitureFittings2020-12-3104308608core:OfficeEquipment2020-12-3104308608core:AfterOneYear2020-12-3104308608core:WithinOneYear2020-12-3104308608core:Liste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Registered Number
04308608
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

Northern Link Traffic Data Consultancy Limited

Company Information
for the year from 1 January 2021 to 31 December 2021


Directors	Ben David Parry
	Martin Campbell Prowse


Registered Address	4 Mason Court Gillan Way
	Penrith 40 Business Park
	Penrith
	CA11 9GR


Place of Business	Unit D
	Barron Way
	Kingmoor Business Park
	Carlisle
	CA6 4SJ


Registered Number	04308608 (England and Wales)

Northern Link Traffic Data Consultancy Limited

Statement of Financial Position
31 December 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	8		20,376		13,154
			20,376		13,154
Current assets
Stocks	11	3,428		3,428
Debtors	12	99,492		72,110
Cash at bank and on hand		26,742		39,578
		129,662		115,116
Creditors amounts falling due within one year	13	(27,688)		(17,229)
Net current assets (liabilities)			101,974		97,887
Total assets less current liabilities			122,350		111,041
Creditors amounts falling due after one year	14		(22,819)		(33,887)
Provisions for liabilities	15		(3,871)		(2,499)
Net assets			95,660		74,655
Capital and reserves
Called up share capital			100		100
Profit and loss account			95,560		74,555
Shareholders' funds			95,660		74,655

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 directors acknowledge 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.

The financial statements were approved and authorised for issue by the Board of Directors on 6 July 2022, and are signed on its behalf by:

Ben David Parry
Director

Martin Campbell Prowse
Director

Registered Company No. 04308608

Northern Link Traffic Data Consultancy Limited

Notes to the Financial Statements
for the year ended 31 December 2021

1.	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.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Basis of measurement used in financial statements
	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).

4.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Vehicles	25
	Office Equipment	33

	Inventories policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	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 recognition policy

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.

	Taxation policy
	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 policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Government grants and other government assistance policy
	Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Government grants and other government assistance policy

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

	Leases policy
	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. Operating lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Leases policy

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.

Operating lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Valuation of financial instruments policy
	The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in notes. Prepayments are not financial instruments. Cash at bank – is classified as a basic financial instrument and is measured at face value. Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in notes. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Valuation of financial instruments policy

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in notes. Prepayments are not financial instruments.

Cash at bank – is classified as a basic financial instrument and is measured at face value.

Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in notes. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

5.	Critical estimates and judgements
	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. Significant judgements There are no judgements (apart from those involving estimations) that management have made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.

Critical estimates and judgements

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.

Significant judgements

There are no judgements (apart from those involving estimations) that management have made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.

6.	Sources of estimation uncertainty
	Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

7.	Employee information


		2021		2020
	Average number of employees during the year	1		1

8.	Property, plant and equipment

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 21	181,898	19,582	3,227	204,707
Additions	2,333	8,795	2,294	13,422
At 31 December 21	184,231	28,377	5,521	218,129
Depreciation and impairment
At 01 January 21	178,145	10,966	2,442	191,553
Charge for year	563	4,702	935	6,200
At 31 December 21	178,708	15,668	3,377	197,753
Net book value
At 31 December 21	5,523	12,709	2,144	20,376
At 31 December 20	3,753	8,616	785	13,154

9.	Provisions for impairment of tangible assets
	A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

10.	Any off-balance sheet arrangements including nature, purpose and financial impact on entity
	The ultimate controlling party is the parent company Matrix Traffic and Transport Data Limited (Reg No 10495309). The registered office is 4 Mason Court, Gillan Way, Penrith 40 Business Park, Penrith, CA11 9GR and is registered in England and Wales. Group accounts are not prepared by the parent due to being exempt as it is subject to the small companies regime from preparing consolidated financial statements (CA 2006 s398).

10.

Any off-balance sheet arrangements including nature, purpose and financial impact on entity

The ultimate controlling party is the parent company Matrix Traffic and Transport Data Limited (Reg No 10495309). The registered office is 4 Mason Court, Gillan Way, Penrith 40 Business Park, Penrith, CA11 9GR and is registered in England and Wales. Group accounts are not prepared by the parent due to being exempt as it is subject to the small companies regime from preparing consolidated financial statements (CA 2006 s398).

11.	Inventories

	2021	2020
	£	£
Work in progress	3,428	3,428
Total	3,428	3,428

12.	Debtors

	2021	2020
	£	£
Trade debtors / trade receivables	19,306	19,645
Amounts owed by group undertakings	79,945	51,985
Prepayments and accrued income	241	480
Total	99,492	72,110


	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.

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.

13.	Creditors within one year

	2021	2020
	£	£
Trade creditors / trade payables	784	3,581
Bank borrowings and overdrafts	8,567	-
Amounts owed to related parties	10,547	-
Taxation and social security	4,901	10,758
Other creditors	789	789
Accrued liabilities and deferred income	2,100	2,101
Total	27,688	17,229


	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.

14.	Creditors after one year

	2021	2020
	£	£
Bank borrowings and overdrafts	22,819	33,887
Total	22,819	33,887

15.	Provisions for liabilities
	Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

15.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

	2021	2020
	£	£
Net deferred tax liability (asset)	3,871	2,499
Total	3,871	2,499