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Registration number: 07069582

CCF Mobility Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2022

 

CCF Mobility Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

CCF Mobility Ltd

(Registration number: 07069582)
Balance Sheet as at 30 November 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

5

-

3,161

Current assets

 

Stocks

6

-

25,665

Debtors

7

100

7,683

Cash at bank and in hand

 

-

27,559

 

100

60,907

Creditors: Amounts falling due within one year

8

-

(21,680)

Net current assets

 

100

39,227

Total assets less current liabilities

 

100

42,388

Provisions for liabilities

-

(600)

Net assets

 

100

41,788

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

-

41,688

Shareholders' funds

 

100

41,788

 

CCF Mobility Ltd

(Registration number: 07069582)
Balance Sheet as at 30 November 2022 (continued)

For the financial year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 October 2023
 

.........................................
E N Howes
Director

 

CCF Mobility Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office 19
Eckland Lodge Business Park
Desborough Road
Market Harborough
Leicestershire
LE16 8HB

These financial statements were authorised for issue by the director on 18 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the entity.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

CCF Mobility Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost or valuation of an asset, less estimated residual value, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Long leasehold property

10% straight line basis

Furniture, fittings and equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line basis

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

CCF Mobility Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2021 - 4).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2021

29,500

29,500

Disposals

(29,500)

(29,500)

At 30 November 2022

-

-

Amortisation

At 1 December 2021

29,500

29,500

Amortisation eliminated on disposals

(29,500)

(29,500)

At 30 November 2022

-

-

Carrying amount

At 30 November 2022

-

-

At 30 November 2021

-

-

Goodwill was transferred to the new parent company, Mobility Your Way Ltd, on 12 July 2022.

 

CCF Mobility Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022 (continued)

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2021

7,033

9,046

16,079

Disposals

(7,033)

(9,046)

(16,079)

At 30 November 2022

-

-

-

Depreciation

At 1 December 2021

6,923

5,995

12,918

Eliminated on disposal

(6,923)

(5,995)

(12,918)

At 30 November 2022

-

-

-

Carrying amount

At 30 November 2022

-

-

-

At 30 November 2021

110

3,051

3,161

The tangible fixed assets were transferred to the parent company, Mobility Your Way Ltd, on 12 July 2022.

6

Stocks

2022
£

2021
£

Other inventories

-

25,665

7

Debtors

Current

Note

2022
£

2021
£

Trade debtors

 

-

1,720

Amounts owed by group undertakings

100

-

Prepayments

 

-

1,048

Other debtors

 

-

4,915

   

100

7,683

 

CCF Mobility Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022 (continued)

8

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

-

6,703

Taxation and social security

-

11,080

Accruals and deferred income

-

2,793

Other creditors

-

1,104

-

21,680

9

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

During the prior year on 7 June 2021, 100% of the ordinary share capital of CCF Mobility Ltd was sold by S M Lara to Brand Ambition Ventures Ltd. On 31 August 2021 Brand Ambition Ventures Ltd sold 50% of the ordinary share capital to Cleveland Consulting Ltd.

In the current year on 10 January 2022, Brand Ambition Ventures Ltd repurchased the 50% shareholding from Cleveland Consulting Ltd.

On 12 July 2022 Brand Ambition Ventures Ltd sold the entire share capital of CCF Mobility Ltd to Mobility Your Way Ltd.
 

 

CCF Mobility Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022 (continued)

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

At 30 November 2022 the company had total commitments under non-cancellable operating leases over the remaining life of the leases of £84,337 (2021 - £609).

11

Parent and ultimate parent undertaking

The company's immediate parent is Mobility Your Way Ltd, incorporated in England and Wales.