Company Registration No. 14535185 (England and Wales)
ASSURED VEHICLE MOVEMENTS LTD
FORMERLY KW900 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ASSURED VEHICLE MOVEMENTS LTD
FORMERLY KW900 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ASSURED VEHICLE MOVEMENTS LTD
FORMERLY KW900 LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2023
30 November 2023
1
2023
Notes
£
£
Fixed assets
Intangible assets
3
270
Tangible assets
4
1,206
1,476
Current assets
-
Creditors: amounts falling due within one year
5
(2,000)
Net current liabilities
(2,000)
Net liabilities
(524)
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
(624)
Total equity
(524)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 14 February 2024
Mr P A Forde
Director
Company registration number 14535185 (England and Wales)
ASSURED VEHICLE MOVEMENTS LTD
FORMERLY KW900 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023
2
1
Accounting policies
Company information

Assured Vehicle Movements LTD is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte House, 500 Charlotte Road, Sheffield, S2 4ER.

1.1
Reporting period

the reporting period is shorter than one year as this is the first accounting period.

 

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

 

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33.33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ASSURED VEHICLE MOVEMENTS LTD
FORMERLY KW900 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
3

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ASSURED VEHICLE MOVEMENTS LTD
FORMERLY KW900 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
4
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
Number
Total
1
ASSURED VEHICLE MOVEMENTS LTD
FORMERLY KW900 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2023
5
3
Intangible fixed assets
Goodwill
£
Cost
At 12 December 2022
-
0
Additions
300
At 30 November 2023
300
Amortisation and impairment
At 12 December 2022
-
0
Amortisation charged for the period
30
At 30 November 2023
30
Carrying amount
At 30 November 2023
270
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 12 December 2022
-
0
Additions
1,800
At 30 November 2023
1,800
Depreciation and impairment
At 12 December 2022
-
0
Depreciation charged in the period
594
At 30 November 2023
594
Carrying amount
At 30 November 2023
1,206
5
Creditors: amounts falling due within one year
2023
£
Amounts owed to group undertakings
2,000
6
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
ASSURED VEHICLE MOVEMENTS LTD
FORMERLY KW900 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2023
6
Called up share capital
(Continued)
6

During the period 100 ordinary shares of £1 where issued for the purposes of incorporation.

7
Related party transactions
Transactions with related parties

During the period the company entered into the following transactions with related parties:

2023
Amounts due to related parties
£
Entities with control, joint control or significant influence over the company
2,000
Other information

Amounts owed to related parties are interest free and repayable on demand.

8
Parent company

The parent company is Forde Recruitment Group Limited, Company number 04300968, registered office address 500 Charlotte Road, Sheffield, S2 4ER.

2023-11-302022-12-12false14 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr P A Fordefalse145351852022-12-122023-11-30145351852023-11-3014535185core:NetGoodwill2023-11-3014535185core:OtherPropertyPlantEquipment2023-11-3014535185core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-3014535185core:ShareCapital2023-11-3014535185core:RetainedEarningsAccumulatedLosses2023-11-3014535185bus:Director12022-12-122023-11-3014535185core:Goodwill2022-12-122023-11-3014535185core:PlantMachinery2022-12-122023-11-3014535185core:NetGoodwill2022-12-1114535185core:NetGoodwill2022-12-122023-11-3014535185core:OtherPropertyPlantEquipment2022-12-1114535185core:OtherPropertyPlantEquipment2022-12-122023-11-3014535185core:CurrentFinancialInstruments2023-11-3014535185core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2023-11-3014535185bus:PrivateLimitedCompanyLtd2022-12-122023-11-3014535185bus:SmallCompaniesRegimeForAccounts2022-12-122023-11-3014535185bus:FRS1022022-12-122023-11-3014535185bus:AuditExemptWithAccountantsReport2022-12-122023-11-3014535185bus:FullAccounts2022-12-122023-11-30xbrli:purexbrli:sharesiso4217:GBP