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REGISTERED NUMBER: 13835947 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2024 TO 31 DECEMBER 2024

FOR

VMOBILITY GROUP LIMITED

VMOBILITY GROUP LIMITED (REGISTERED NUMBER: 13835947)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VMOBILITY GROUP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 DECEMBER 2024







DIRECTORS: Mr M W Corby
Mrs D Corby
Mr P Ingram
Mr I Parmar



REGISTERED OFFICE: 2010 The Crescent
Birmingham Business Park
Solihull
West Midlands
B37 7YS



REGISTERED NUMBER: 13835947 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank
Victoria
PO Box 1000
BX1 1LT

VMOBILITY GROUP LIMITED (REGISTERED NUMBER: 13835947)

BALANCE SHEET
31 DECEMBER 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 390,830 112,216
Tangible assets 5 247,427 88,818
638,257 201,034

CURRENT ASSETS
Debtors 6 8,358,692 2,778,549
Cash at bank 367,359 69,036
8,726,051 2,847,585
CREDITORS
Amounts falling due within one year 7 7,905,733 2,589,848
NET CURRENT ASSETS 820,318 257,737
TOTAL ASSETS LESS CURRENT LIABILITIES 1,458,575 458,771

PROVISIONS FOR LIABILITIES 26,567 -
NET ASSETS 1,432,008 458,771

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 225,000 225,000
Retained earnings 1,207,007 233,770
SHAREHOLDERS' FUNDS 1,432,008 458,771

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

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

VMOBILITY GROUP LIMITED (REGISTERED NUMBER: 13835947)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





Mrs D Corby - Director


VMOBILITY GROUP LIMITED (REGISTERED NUMBER: 13835947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 DECEMBER 2024


1. STATUTORY INFORMATION

Vmobility Group 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.

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

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.

Software is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

VMOBILITY GROUP LIMITED (REGISTERED NUMBER: 13835947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 25 (2024 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Software
£   
COST
At 1 February 2024 119,675
Additions 309,050
At 31 December 2024 428,725
AMORTISATION
At 1 February 2024 7,459
Amortisation for period 30,436
At 31 December 2024 37,895
NET BOOK VALUE
At 31 December 2024 390,830
At 31 January 2024 112,216

5. TANGIBLE FIXED ASSETS
Improvements
to Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 5,833 62,008 28,196 96,037
Additions - 185,367 39,727 225,094
Disposals - (28,583 ) - (28,583 )
At 31 December 2024 5,833 218,792 67,923 292,548
DEPRECIATION
At 1 February 2024 - 5,105 2,114 7,219
Charge for period - 32,227 9,645 41,872
Eliminated on disposal - (3,970 ) - (3,970 )
At 31 December 2024 - 33,362 11,759 45,121
NET BOOK VALUE
At 31 December 2024 5,833 185,430 56,164 247,427
At 31 January 2024 5,833 56,903 26,082 88,818

VMOBILITY GROUP LIMITED (REGISTERED NUMBER: 13835947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors 6,035,694 2,218,408
Amounts owed by associates 2,370 -
Other debtors 544,555 54,000
Directors' current accounts 106,763 9,153
Accruals 1,593,972 454,269
Prepayments 75,338 42,719
8,358,692 2,778,549

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade creditors 5,605,093 1,555,159
Tax 273,964 21,273
Social security and other taxes 17,238 6,801
Pension creditor - 274
VAT 209,489 103,521
Other creditors 629,016 463,796
Directors' current accounts 10,572 36,000
Accrued expenses 1,160,361 403,024
7,905,733 2,589,848

8. OTHER FINANCIAL COMMITMENTS

At 31/12/2024, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £101,762 (2023: £136,116).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2024 and the year ended 31 January 2024:

2024 2024
£    £   
Mrs D Corby
Balance outstanding at start of period 9,152 5,722
Amounts advanced 161,992 52,656
Amounts repaid (117,763 ) (49,226 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 53,381 9,152

Mr M W Corby
Balance outstanding at start of period (36,000 ) -
Amounts advanced 142,266 -
Amounts repaid (52,885 ) (36,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 53,381 (36,000 )

VMOBILITY GROUP LIMITED (REGISTERED NUMBER: 13835947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2024 TO 31 DECEMBER 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr P Ingram
Balance outstanding at start of period - -
Amounts repaid (4,577 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (4,577 ) -

Mr I Parmar
Balance outstanding at start of period - -
Amounts repaid (5,995 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (5,995 ) -

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £102,077 were paid to the directors .

During the period the company lent to Rive-it Limited, a company Danielle Corby and Paul Ingram, Directors, are also Directors of. The amount owed from the company at the period end was £2,307.