Company Registration No. 06332145 (England and Wales)
Driffield Mobility Limited
Unaudited accounts
for the year ended 31 March 2024
Driffield Mobility Limited
Unaudited accounts
Contents
Driffield Mobility Limited
Company Information
for the year ended 31 March 2024
Directors
Kevin Peter Cadwallader
Lynn Marie Wilson
Company Number
06332145 (England and Wales)
Registered Office
SCOTCHBURN GARTH
SKERNE ROAD
DRIFFIELD
EAST YORKSHIRE
YO25 6EF
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Driffield Mobility Limited
Accountants' report
Accountants' report to the board of directors of Driffield Mobility Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Driffield Mobility Limited for the year ended
31 March 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Driffield Mobility Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Driffield Mobility Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Driffield Mobility Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Driffield Mobility Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Driffield Mobility Limited. You consider that Driffield Mobility Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Driffield Mobility Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
1 October 2024
Driffield Mobility Limited
Statement of financial position
as at 31 March 2024
Tangible assets
19,273
22,492
Inventories
121,232
36,927
Cash at bank and in hand
147,904
150,609
Creditors: amounts falling due within one year
(156,241)
(85,779)
Net current assets
291,241
300,226
Total assets less current liabilities
310,514
322,718
Creditors: amounts falling due after more than one year
(23,260)
(33,121)
Provisions for liabilities
Deferred tax
(2,300)
(2,300)
Net assets
284,954
287,297
Called up share capital
800
800
Profit and loss account
284,154
286,497
Shareholders' funds
284,954
287,297
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by
Lynn Marie Wilson
Director
Company Registration No. 06332145
Driffield Mobility Limited
Notes to the Accounts
for the year ended 31 March 2024
Driffield Mobility Limited is a private company, limited by shares, registered in England and Wales, registration number 06332145. The registered office is SCOTCHBURN GARTH, SKERNE ROAD, DRIFFIELD, EAST YORKSHIRE, YO25 6EF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Motor vehicles
20% on cost
Computer equipment
33% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Driffield Mobility Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
43,959
23,841
610
37,851
106,261
Additions
450
-
-
3,048
3,498
At 31 March 2024
44,409
23,841
610
40,899
109,759
At 1 April 2023
39,489
23,841
98
20,341
83,769
Charge for the year
1,796
-
203
4,718
6,717
At 31 March 2024
41,285
23,841
301
25,059
90,486
At 31 March 2024
3,124
-
309
15,840
19,273
At 31 March 2023
4,470
-
512
17,510
22,492
Amounts falling due within one year
Trade debtors
33,511
34,328
Accrued income and prepayments
55,560
67,473
Other debtors
89,275
96,668
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
63,012
52,690
Taxes and social security
33,133
5,296
Other creditors
7,294
2,117
8
Creditors: amounts falling due after more than one year
2024
2023
In June 2020, the company received a Bounce Back Loan of ã50,000, which is a 100% UK Government backed loan.
Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government.
After the first 12 months, an interest rate of 2.5% is applicable.
The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
Driffield Mobility Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Transactions with related parties
Included in current assets are loans to related companies of ã72,613 (2023 - ã57,727). The loans are interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 12 (2023: 11).