|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31st March 2018 |
|
for |
|
TRAFFILIVE LTD |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31st March 2018 |
|
for |
|
TRAFFILIVE LTD |
TRAFFILIVE LTD (REGISTERED NUMBER: 07143788) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31st March 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
TRAFFILIVE LTD |
|
Company Information |
for the Year Ended 31st March 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
TRAFFILIVE LTD (REGISTERED NUMBER: 07143788) |
|
Abridged Balance Sheet |
31st March 2018 |
|
31/3/18 | 31/3/17 |
£ | £ |
CURRENT ASSETS |
Cash at bank |
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
CREDITORS |
Amounts falling due after more than one
year |
|
|
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
The director acknowledges his 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. |
|
|
|
|
|
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 on
|
|
|
|
|
|
|
TRAFFILIVE LTD (REGISTERED NUMBER: 07143788) |
|
Notes to the Financial Statements |
for the Year Ended 31st March 2018 |
|
1. | STATUTORY INFORMATION |
|
Traffilive Ltd is a
|
registered number and registered office address can be found on the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The financial statements have been prepared on a going concern basis. At the balance sheet date the company's |
liabilities exceeded its assets by £1,069. The parent company has confirmed it will provide support to enable |
Traffilive Ltd to meet its debts as they fall due. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2017 - NIL). |
|
4. | CONTINGENT LIABILITIES |
|
At 31 March 2018 an unlimited multilateral guarantee to HSBC Bank plc dated 29th July 2010 existed with the |
parent company and all its subsidiary companies. At the balance sheet date the amount owed to HSBC Bank plc |
by the parent company and all its subsidiary companies was £1,042,137 (2017: £1,273,453). As referred to in |
Note 5 the guarantee to HSBC Bank plc has now been released. |
|
5. | POST BALANCE SHEET EVENTS |
|
On 21st September 2018 Leumi ABL Limited replaced HSBC Bank plc as the main source of funding to The |
Vehicle Group Limited and its subsidiaries. On that date a new fixed and floating charge was created over the |
assets of the group in favour of Leumi ABL Limited, and on the same date HSBC Bank plc released such |
security. This new financing arrangement gives increased committed facilities to the group which are designed to |
match the increased working capital requirement as the business grows. |
|
Traffilive Ltd is a subsidiary company of The Vehicle Group Limited. |
|
6. | ULTIMATE CONTROLLING PARTY |
|
The parent company for which consolidated financial statements are drawn up of which Traffilive Ltd is a |
member is that of The Vehicle Group Limited, 1 Target Chartermark Way, Colburn Business Park, Catterick |
Garrison, North Yorkshire, DL9 4QJ. |