Temporary Traffic Solutions Limited
|
For the year ended 31 March 2016
Scotland
Registered Number: SC473242
Temporary Traffic Solutions Limited
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Temporary Traffic Solutions Limited
Accountants' Report
For the year ended 31 March 2016
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts of
|
Temporary Traffic Solutions Limited for the year ended
31
March
2016
which comprise the Profit and Loss Account
,
the
|
Balance Sheet and the related notes from the company
'
s accounting records and from information and explanations you
|
have given us
.
|
As a practising firm of the Institute of Chartered Accountants of Scotland
,
we are subject to its ethical and other professional
|
requirements which are detailed at http
://
www
.
icas
.
org
.
uk
/
accountspreparationguidance
.
|
This report is made solely to the Board of Directors of Temporary Traffic Solutions Limited
,
as a body
,
in accordance with the
|
terms of our engagement letter dated
.
Our work has been undertaken solely to prepare for your approval the accounts of
|
Temporary Traffic Solutions Limited and state those matters that we have agreed to state to the Board of Directors of
|
Temporary Traffic Solutions Limited
,
as a body
,
in this report in accordance with the requirements of the Institute of
|
Chartered Accountants of Scotland as detailed at http
://
www
.
icas
.
org
.
uk
/
accountspreparationguidance
.
To the fullest extent
|
permitted by law
,
we do not accept or assume responsibility to anyone other than Temporary Traffic Solutions Limited and its
|
Board of Directors as a body for our work or for this report
.
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It is your duty to ensure that Temporary Traffic Solutions Limited has kept adequate accounting records to prepare statutory
|
accounts that give a true and fair view of the assets
,
liabilities
,
financial position and loss of Temporary Traffic Solutions
|
Limited
.
You consider that Temporary Traffic Solutions Limited is exempt from the statutory audit requirement for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of Temporary Traffic Solutions Limited
.
For this
|
reason
,
we have not verified the 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 accounts
.
|
Paterson & Co Chartered Accountants
223 Ayr Road
Newton Mearns
Glasgow
G77 6AH
13 December 2016
1 of 4
Abbreviated Balance Sheet
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Temporary Traffic Solutions Limited
31/3/2016
31/3/2015
2
38,251
36,730
38,251
36,730
12,544
6,439
3,602
3,748
10,041
16,292
Creditors
:
amounts falling due within one year
|
(55,472)
(48,962)
(39,180)
(38,921)
Net current liabilities
Total assets less current liabilities
|
(670)
(2,450)
Creditors
:
amounts falling due after more than one year
|
(3,861)
(19,105)
(19,775)
Net liabilities
(6,311)
150
3
150
(19,925)
(6,461)
(19,775)
(6,311)
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 13 December 2016
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Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
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Temporary Traffic Solutions Limited
For the year ended 31 March 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
|
shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Computer Equipment
Motor Vehicles
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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3 of 4
Notes to the Abbreviated Financial Statements
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Temporary Traffic Solutions Limited
For the year ended 31 March 2016
45,044
11,867
56,911
8,314
10,346
Charge for year
18,660
38,251
36,730
Allotted called up and fully paid
|
31/3/2016
31/3/2015
150
Ordinary shares of £
1
.
00
each
|
150
150
150
150
4 of 4