Apex Traffic Management Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC559051 (Scotland)

Financial Statements

for the Year Ended 31 March 2023

for

Apex Traffic Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Mcginley

I Murtagh

REGISTERED OFFICE:

23 Fairfield Place

East Kilbride

G74 5LP

REGISTERED NUMBER:

SC559051 (Scotland)

ACCOUNTANTS:

KAL Accountants

Chartered Certified Accountants

3 Baird Gardens

Blantyre

Glasgow

G72 0WT

FIXED ASSETS

Tangible assets

4

503,496

307,877

CURRENT ASSETS

Debtors

5

2,359,085

1,851,065

Cash at bank and in hand

107,062

100

2,466,147

1,851,165

CREDITORS

Amounts falling due within one year

6

2,259,782

1,699,339

NET CURRENT ASSETS

206,365

151,826

TOTAL ASSETS LESS CURRENT LIABILITIES

709,861

459,703

CREDITORS

Amounts falling due after more than one year

7

32,315

43,264

NET ASSETS

677,546

416,439

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

677,446

416,339

677,546

416,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by:

D Mcginley - Director

1.	STATUTORY INFORMATION

Apex Traffic Management Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 119 (2022 - 82 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

550,094

Additions

413,142

At 31 March 2023

963,236

DEPRECIATION

At 1 April 2022

242,217

Charge for year

217,523

At 31 March 2023

459,740

NET BOOK VALUE

At 31 March 2023

503,496

At 31 March 2022

307,877

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

2,359,085

1,851,065

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

-

15,729

Trade creditors

624,440

402,807

Taxation and social security

752,964

620,350

Other creditors

882,378

660,453

2,259,782

1,699,339

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

32,315

43,264