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REGISTERED NUMBER: 07141297




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SOUTHERN MOBILITY VEHICLES LIMITED

SOUTHERN MOBILITY VEHICLES LIMITED (REGISTERED NUMBER: 07141297)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTHERN MOBILITY VEHICLES LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: P A Zanelli
Mrs J M Zanelli
P Cooper





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 07141297





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

SOUTHERN MOBILITY VEHICLES LIMITED (REGISTERED NUMBER: 07141297)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,269 3,485

CURRENT ASSETS
Stocks 359,285 310,905
Debtors 5 61,620 121,725
Cash at bank and in hand 139,267 108,583
560,172 541,213
CREDITORS
Amounts falling due within one year 6 220,593 108,606
NET CURRENT ASSETS 339,579 432,607
TOTAL ASSETS LESS CURRENT LIABILITIES 340,848 436,092

CREDITORS
Amounts falling due after more than one
year

7

165,270

210,443
NET ASSETS 175,578 225,649

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 175,478 225,549
SHAREHOLDERS' FUNDS 175,578 225,649

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

SOUTHERN MOBILITY VEHICLES LIMITED (REGISTERED NUMBER: 07141297)

BALANCE SHEET - continued
31 January 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 25 September 2024 and were signed on its behalf by:





P A Zanelli - Director


SOUTHERN MOBILITY VEHICLES LIMITED (REGISTERED NUMBER: 07141297)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Southern Mobility Vehicles Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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

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 cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

SOUTHERN MOBILITY VEHICLES LIMITED (REGISTERED NUMBER: 07141297)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 37,990
DEPRECIATION
At 1 February 2023 34,505
Charge for year 2,216
At 31 January 2024 36,721
NET BOOK VALUE
At 31 January 2024 1,269
At 31 January 2023 3,485

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 43,045 100,509
Amounts owed by group undertakings 18,575 16,175
Other debtors - 5,041
61,620 121,725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 18,368 38,961
Taxation and social security 14,682 27,546
Other creditors 187,543 42,099
220,593 108,606

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 8) 144,745 150,000
Other creditors 20,525 60,443
165,270 210,443

SOUTHERN MOBILITY VEHICLES LIMITED (REGISTERED NUMBER: 07141297)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


8. LOANS

The Loan is a Coronavirus Interruption Business Loan (CBIL) and will be redeemed over 5 years.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Southern Mobility Holdings Ltd.

At the balance sheet the Company was 100% owned by Southern Mobility Holdings Ltd.