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Unaudited Financial Statements for the Year Ended 30 September 2023

for

Personal Mobility Solutions Limited

Personal Mobility Solutions Limited (Registered number: 04462551)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Personal Mobility Solutions Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: W Kiely





SECRETARY: R Calcott





REGISTERED OFFICE: Cedarmount House
90a Owlsmoor Road
Sandhurst
Berkshire
GU47 0SS





REGISTERED NUMBER: 04462551 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Personal Mobility Solutions Limited (Registered number: 04462551)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,099,621 1,086,400
1,099,621 1,086,400

CURRENT ASSETS
Stocks 6 129,947 7,500
Debtors 7 284,699 608,784
Cash at bank and in hand 940,210 1,160,568
1,354,856 1,776,852
CREDITORS
Amounts falling due within one year 8 188,668 730,466
NET CURRENT ASSETS 1,166,188 1,046,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,265,809

2,132,786

CAPITAL AND RESERVES
Called up share capital 10 625 625
Revaluation reserve 11 597,025 500,045
Retained earnings 11 1,668,159 1,632,116
SHAREHOLDERS' FUNDS 2,265,809 2,132,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 and authorised for issue on 28 March 2024 and were signed by:





W Kiely - Director


Personal Mobility Solutions Limited (Registered number: 04462551)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Personal Mobility Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
The balance of Goodwill is being amortised on a straight line basis over a period of 5 years.

Other intangible assets
The balance of the value of the brand name is being amortised on a straight line basis over a period of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 25% on cost

Stocks
Stocks comprise vehicles and spare parts. Stocks of vehicles are valued at cost.

The value of parts stock is estimated by the directors.

Financial instruments
Basic financial instruments are recognised at settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

Personal Mobility Solutions Limited (Registered number: 04462551)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 115,859 24,548 140,407
AMORTISATION
At 1 October 2022
and 30 September 2023 115,859 24,548 140,407
NET BOOK VALUE
At 30 September 2023 - - -
At 30 September 2022 - - -

5. TANGIBLE FIXED ASSETS
Fixtures Office &
and Motor sundry
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2022 7,765 1,855,288 70,395 1,933,448
Additions - 271,781 - 271,781
Disposals - (131,948 ) - (131,948 )
Revaluations - 96,981 - 96,981
At 30 September 2023 7,765 2,092,102 70,395 2,170,262
DEPRECIATION
At 1 October 2022 7,250 776,008 63,790 847,048
Charge for year 128 351,773 1,651 353,552
Eliminated on disposal - (129,959 ) - (129,959 )
At 30 September 2023 7,378 997,822 65,441 1,070,641
NET BOOK VALUE
At 30 September 2023 387 1,094,280 4,954 1,099,621
At 30 September 2022 515 1,079,280 6,605 1,086,400

Cost or valuation at 30 September 2023 is represented by:

Fixtures Office &
and Motor sundry
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2017 7,305 821,530 57,974 886,809
Valuation in 2018 300 201,387 3,205 204,892
Valuation in 2019 160 36,464 2,270 38,894
Valuation in 2020 - 186,212 6,946 193,158
Valuation in 2021 - 642,501 - 642,501
Valuation in 2022 - (32,806 ) - (32,806 )
Valuation in 2023 - 236,814 - 236,814
7,765 2,092,102 70,395 2,170,262

Personal Mobility Solutions Limited (Registered number: 04462551)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. STOCKS
30.9.23 30.9.22
£    £   
Stocks 129,947 7,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 102,171 161,969
Other debtors 105,789 102,789
VAT - 21,861
Deferred tax asset 58,375 29,679
Prepayments 18,364 292,486
284,699 608,784

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 35,931 77,736
Customer deposits - 514,171
Tax 51,881 40,304
Social security and other taxes 11,298 11,440
VAT 7,649 -
Accruals 23,263 22,281
Pension control 1,063 -
Deferred income 57,583 64,534
188,668 730,466

9. DEFERRED TAX
£   
Balance at 1 October 2022 (29,679 )
Provided during year (28,696 )
Deferred tax
Balance at 30 September 2023 (58,375 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
625 Ordinary £1 625 625

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2022 1,632,116 500,045 2,132,161
Profit for the year 36,043 36,043
Fixed asset revaluation - 96,980 96,980
At 30 September 2023 1,668,159 597,025 2,265,184

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W Kiely.