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REGISTERED NUMBER: 09404904 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

AMV Couriers Limited

AMV Couriers Limited (Registered number: 09404904)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMV Couriers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S G Footitt
Mrs H J Footitt
D A Tranter





REGISTERED OFFICE: 79 Lane Green Road
Codsall
Wolverhampton
West Midlands
WV8 1LS





REGISTERED NUMBER: 09404904 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

AMV Couriers Limited (Registered number: 09404904)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 115,440 116,818
115,440 116,818

CURRENT ASSETS
Debtors 6 275,452 182,845
Cash at bank 274,463 219,350
549,915 402,195
CREDITORS
Amounts falling due within one year 7 236,565 155,224
NET CURRENT ASSETS 313,350 246,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,790

363,789

CREDITORS
Amounts falling due after more than one
year

8

(36,388

)

(50,468

)

PROVISIONS FOR LIABILITIES (28,860 ) (22,195 )
NET ASSETS 363,542 291,126

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 363,442 291,026
363,542 291,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AMV Couriers Limited (Registered number: 09404904)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mrs H J Footitt - Director


AMV Couriers Limited (Registered number: 09404904)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

AMV Couriers 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.


AMV Couriers Limited (Registered number: 09404904)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

AMV Couriers Limited (Registered number: 09404904)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 13,691 176,590 190,281
Additions - 50,750 50,750
Disposals - (52,700 ) (52,700 )
At 31 March 2024 13,691 174,640 188,331
DEPRECIATION
At 1 April 2023 11,907 61,556 73,463
Charge for year 446 31,206 31,652
Eliminated on disposal - (32,224 ) (32,224 )
At 31 March 2024 12,353 60,538 72,891
NET BOOK VALUE
At 31 March 2024 1,338 114,102 115,440
At 31 March 2023 1,784 115,034 116,818

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 257,897 175,789
Other debtors 17,555 7,056
275,452 182,845

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 9,427 9,858
Trade creditors 101,354 54,384
Taxation and social security 71,084 41,317
Other creditors 48,700 43,665
236,565 155,224

AMV Couriers Limited (Registered number: 09404904)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,500 13,500
Hire purchase contracts 28,888 36,968
36,388 50,468

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 13,500 19,500
Hire purchase contracts 38,315 46,826
51,815 66,326

Hire purchase is secured against the asset(s) to which the liability relates.
Bank loans are secured by a fixed and floating charge over the property owned by the company.