Registration number:
CCF Mobility Ltd
for the Year Ended 30 November 2022
CCF Mobility Ltd
(Registration number: 07069582)
Balance Sheet as at 30 November 2022
Note |
2022 |
2021 |
|
Fixed assets |
|||
Tangible assets |
- |
|
|
Current assets |
|||
Stocks |
- |
|
|
Debtors |
|
|
|
Cash at bank and in hand |
- |
|
|
|
|
||
Creditors: Amounts falling due within one year |
- |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
- |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
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 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
......................................... |
CCF Mobility Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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)
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Intangible assets |
Goodwill |
Total |
|
Cost or valuation |
||
At 1 December 2021 |
|
|
Disposals |
( |
( |
At 30 November 2022 |
- |
- |
Amortisation |
||
At 1 December 2021 |
|
|
Amortisation eliminated on disposals |
( |
( |
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)
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
|||
At 1 December 2021 |
|
|
|
Disposals |
( |
( |
( |
At 30 November 2022 |
- |
- |
- |
Depreciation |
|||
At 1 December 2021 |
|
|
|
Eliminated on disposal |
( |
( |
( |
At 30 November 2022 |
- |
- |
- |
Carrying amount |
|||
At 30 November 2022 |
- |
- |
- |
At 30 November 2021 |
|
|
|
The tangible fixed assets were transferred to the parent company, Mobility Your Way Ltd, on 12 July 2022.
Stocks |
2022 |
2021 |
|
Other inventories |
- |
|
Debtors |
Current |
Note |
2022 |
2021 |
Trade debtors |
- |
|
|
Amounts owed by group undertakings |
|
- |
|
Prepayments |
- |
|
|
Other debtors |
- |
|
|
|
|
CCF Mobility Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022 (continued)
Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
|
Due within one year |
||
Trade creditors |
- |
|
Taxation and social security |
- |
|
Accruals and deferred income |
- |
|
Other creditors |
- |
|
- |
|
Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
|||
No. |
£ |
No. |
£ |
|
|
|
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)
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 £
Parent and ultimate parent undertaking |
The company's immediate parent is