BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the sale and hire of mobility vehicles and related paraphernalia. 29 July 2024 03286373 2023-12-31 03286373 2022-12-31 03286373 2021-12-31 03286373 2023-01-01 2023-12-31 03286373 2022-01-01 2022-12-31 03286373 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03286373 uk-curr:PoundSterling 2023-01-01 2023-12-31 03286373 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03286373 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 03286373 uk-core:ShareCapital 2023-12-31 03286373 uk-core:ShareCapital 2022-12-31 03286373 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 03286373 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 03286373 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 03286373 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 03286373 uk-bus:FRS102 2023-01-01 2023-12-31 03286373 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 03286373 uk-core:MotorVehicles 2023-01-01 2023-12-31 03286373 2023-01-01 2023-12-31 03286373 uk-bus:Director1 2023-01-01 2023-12-31 03286373 uk-bus:Director2 2023-01-01 2023-12-31 03286373 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Active Mobility Vehicles Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023



Active Mobility Vehicles Ltd
Company Registration Number: 03286373
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 23,222 29,669
───────── ─────────
 
Current Assets
Stocks 222,816 171,355
Debtors 90,106 115,001
Cash at bank and in hand 8,754 9,547
───────── ─────────
321,676 295,903
───────── ─────────
Creditors: amounts falling due within one year (169,867) (136,484)
───────── ─────────
Net Current Assets 151,809 159,419
───────── ─────────
Total Assets less Current Liabilities 175,031 189,088
 
Creditors:
amounts falling due after more than one year (28,267) (45,296)
───────── ─────────
Net Assets 146,764 143,792
═════════ ═════════
 
Capital and Reserves
Called up share capital 1,000 1,000
Retained earnings 145,764 142,792
───────── ─────────
Shareholders' Funds 146,764 143,792
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 29 July 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Mr R G Binnie     Mr P W Bartlett
Director     Director
           



Active Mobility Vehicles Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Active Mobility Vehicles Ltd is a company limited by shares incorporated in the United Kingdom.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Reducing balance
  Motor vehicles - 25% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 10, (2022 - 11).
 
  2023 2022
  Number Number
 
Director 2 2
Employee 7 7
  ───────── ─────────
  9 9
  ═════════ ═════════
         
4. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 January 2023 54,305 99,726 154,031
  ───────── ───────── ─────────
 
At 31 December 2023 54,305 99,726 154,031
  ───────── ───────── ─────────
Depreciation
At 1 January 2023 44,602 79,760 124,362
Charge for the financial year 1,455 4,992 6,447
  ───────── ───────── ─────────
At 31 December 2023 46,057 84,752 130,809
  ───────── ───────── ─────────
Net book value
At 31 December 2023 8,248 14,974 23,222
  ═════════ ═════════ ═════════
At 31 December 2022 9,703 19,966 29,669
  ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2023.