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Unaudited Financial Statements for the Year Ended 30 September 2024

for

Personal Mobility Solutions Limited

Personal Mobility Solutions Limited (Registered number: 04462551)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Personal Mobility Solutions Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: W Kiely





SECRETARY: R Calcott





REGISTERED OFFICE: Cedarmount House
90a Owlsmoor Road
Sandhurst
Berkshire
GU47 0SS





REGISTERED NUMBER: 04462551 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Personal Mobility Solutions Limited (Registered number: 04462551)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,106,779 1,099,621
1,106,779 1,099,621

CURRENT ASSETS
Stocks 6 197,941 129,947
Debtors 7 350,618 284,699
Cash at bank and in hand 1,062,514 940,210
1,611,073 1,354,856
CREDITORS
Amounts falling due within one year 8 825,006 188,668
NET CURRENT ASSETS 786,067 1,166,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,892,846

2,265,809

CAPITAL AND RESERVES
Called up share capital 10 500 625
Revaluation reserve 11 541,172 597,025
Capital redemption reserve 11 125 -
Retained earnings 11 1,351,049 1,668,159
SHAREHOLDERS' FUNDS 1,892,846 2,265,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17 March 2025 and were signed by:





W Kiely - Director


Personal Mobility Solutions Limited (Registered number: 04462551)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Personal Mobility Solutions 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 as modified by the revaluation of certain assets.

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

Goodwill
The balance of Goodwill is being amortised on a straight line basis over a period of 5 years.

Other intangible assets
The balance of the value of the brand name is being amortised on a straight line basis over a period of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 25% on cost

Stocks
Stocks comprise vehicles and spare parts. Stocks of vehicles are valued at cost.

The value of parts stock is estimated by the directors.

Financial instruments
Basic financial instruments are recognised at settlement value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

Personal Mobility Solutions Limited (Registered number: 04462551)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 115,859 24,548 140,407
AMORTISATION
At 1 October 2023
and 30 September 2024 115,859 24,548 140,407
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - - -

5. TANGIBLE FIXED ASSETS
Fixtures Office &
and Motor sundry
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2023 7,765 2,092,102 70,395 2,170,262
Additions - 358,134 - 358,134
Disposals - (228,538 ) - (228,538 )
Revaluations - (56,354 ) - (56,354 )
At 30 September 2024 7,765 2,165,344 70,395 2,243,504
DEPRECIATION
At 1 October 2023 7,378 997,822 65,441 1,070,641
Charge for year 96 270,779 1,238 272,113
Eliminated on disposal - (206,029 ) - (206,029 )
At 30 September 2024 7,474 1,062,572 66,679 1,136,725
NET BOOK VALUE
At 30 September 2024 291 1,102,772 3,716 1,106,779
At 30 September 2023 387 1,094,280 4,954 1,099,621

Cost or valuation at 30 September 2024 is represented by:

Fixtures Office &
and Motor sundry
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2017 7,305 821,530 57,974 886,809
Valuation in 2018 300 201,387 3,205 204,892
Valuation in 2019 160 36,464 2,270 38,894
Valuation in 2020 - 186,212 6,946 193,158
Valuation in 2021 - 642,501 - 642,501
Valuation in 2022 - (32,806 ) - (32,806 )
Valuation in 2023 - 236,814 - 236,814
Valuation in 2024 - 73,242 - 73,242
7,765 2,165,344 70,395 2,243,504

Personal Mobility Solutions Limited (Registered number: 04462551)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. STOCKS
30.9.24 30.9.23
£    £   
Stocks 197,941 129,947

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 117,558 102,171
Other debtors 9,316 105,789
VAT 11,915 -
Deferred tax asset 83,588 58,375
Prepayments 128,241 18,364
350,618 284,699

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 367,712 35,931
Tax 40,608 51,881
Social security and other taxes 10,884 11,298
VAT - 7,649
Other creditors 300,000 -
Accruals 40,547 23,263
Pension control - 1,063
Deferred income 65,255 57,583
825,006 188,668

9. DEFERRED TAX
£   
Balance at 1 October 2023 (58,375 )
Provided during year (25,213 )
Deferred tax
Balance at 30 September 2024 (83,588 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
500 Ordinary £1 500 625

11. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 October 2023 1,668,159 597,025 - 2,265,184
Profit for the year 107,890 107,890
Purchase of own shares (425,000 ) - 125 (424,875 )
Fixed asset revaluation - (55,853 ) - (55,853 )
At 30 September 2024 1,351,049 541,172 125 1,892,346

Personal Mobility Solutions Limited (Registered number: 04462551)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W Kiely.