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Registration number: 11909033

FleetGO UK Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

FleetGO UK Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

FleetGO UK Ltd

Company Information

Directors

Mr R Van Tiel

FleetGO Telematics Ltd

Company secretary

Mr J Beukers

Registered office

Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

FleetGO UK Ltd

(Registration number: 11909033)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

19,023

22,732

Current assets

 

Stocks

5

12,283

5,569

Debtors

6

34,495

25,033

Cash at bank and in hand

 

503,626

288,904

 

550,404

319,506

Creditors: Amounts falling due within one year

7

(652,722)

(398,611)

Net current liabilities

 

(102,318)

(79,105)

Net liabilities

 

(83,295)

(56,373)

Capital and reserves

 

Called up share capital

8

10,000

10,000

Retained earnings

(93,295)

(66,373)

Shareholders' deficit

 

(83,295)

(56,373)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge 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.

 

FleetGO UK Ltd

(Registration number: 11909033)
Balance Sheet as at 31 December 2023

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 Board on 23 September 2024 and signed on its behalf by:
 


Mr R Van Tiel
Director

 

FleetGO UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

2

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.

Summary of disclosure exemptions

The company has taken advantage of the disclosure exemption of 33.1A of FRS 102 from disclosing transactions with group companies..

Going concern

The financial statements have been prepared on a going concern basis. The parent company and group will continue to support the company to ensure liabilities are met as they fall due.

Revenue recognition

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

FleetGO UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

Straight line over 5 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

FleetGO UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

36,625

36,625

Additions

4,017

4,017

At 31 December 2023

40,642

40,642

Depreciation

At 1 January 2023

13,893

13,893

Charge for the year

7,726

7,726

At 31 December 2023

21,619

21,619

Carrying amount

At 31 December 2023

19,023

19,023

At 31 December 2022

22,732

22,732

5

Stocks

2023
£

2022
£

Other inventories

12,283

5,569

6

Debtors

Current

2023
£

2022
£

Trade debtors

34,387

23,833

Prepayments

108

1,200

 

34,495

25,033

 

FleetGO UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

2,390

2,824

Amounts owed to group undertakings and undertakings in which the company has a participating interest

615,912

368,723

Taxation and social security

 

13,659

10,015

Accruals and deferred income

 

20,761

17,049

 

652,722

398,611

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

10,000

10,000

10,000

10,000

         

9

Parent and ultimate parent undertaking

The company's immediate parent is FleetGO Telematics Ltd, incorporated in England & Wales.

 The ultimate parent is FleetGO Group Holding BV, incorporated in the Netherlands.