Registered number
08140218
Hampshire Mobility Services Limited
Filleted Accounts
31 July 2024
Hampshire Mobility Services Limited
Registered number: 08140218
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Stocks 35,900 38,655
Debtors 4 208,852 157,279
Cash at bank and in hand 252 4,115
245,004 200,049
Creditors: amounts falling due within one year 5 (164,366) (130,212)
Net current assets 80,638 69,837
Total assets less current liabilities 80,638 69,837
Creditors: amounts falling due after more than one year 6 (77,398) (67,597)
Net assets 3,240 2,240
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,140 2,140
Shareholders' funds 3,240 2,240
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Fry
Director
Approved by the board on 24 April 2025
Hampshire Mobility Services Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 24,260
At 31 July 2024 24,260
Depreciation
At 1 August 2023 24,260
At 31 July 2024 24,260
Net book value
At 31 July 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 54,026 44,329
Other debtors 154,826 112,950
208,852 157,279
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 22,297 19,576
Trade creditors 72,659 92,555
Taxation and social security costs 38,617 (7,709)
Other creditors 30,793 25,790
164,366 130,212
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,000 20,000
Other creditors 62,398 47,597
77,398 67,597
7 Other information
Hampshire Mobility Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Latimer Street
Romsey
Hampshire
SO51 8DF
Hampshire Mobility Services Limited 08140218 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 Mr K Fry No description of principal activity 08140218 2022-08-01 2023-07-31 08140218 core:WithinOneYear 2023-07-31 08140218 core:AfterOneYear 2023-07-31 08140218 core:ShareCapital 2023-07-31 08140218 core:RetainedEarningsAccumulatedLosses 2023-07-31 08140218 2023-08-01 2024-07-31 08140218 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08140218 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08140218 bus:Director40 2023-08-01 2024-07-31 08140218 1 2023-08-01 2024-07-31 08140218 2 2023-08-01 2024-07-31 08140218 countries:England 2023-08-01 2024-07-31 08140218 bus:FRS102 2023-08-01 2024-07-31 08140218 bus:FilletedAccounts 2023-08-01 2024-07-31 08140218 2024-07-31 08140218 core:WithinOneYear 2024-07-31 08140218 core:AfterOneYear 2024-07-31 08140218 core:ShareCapital 2024-07-31 08140218 core:RetainedEarningsAccumulatedLosses 2024-07-31 08140218 core:PlantMachinery 2024-07-31 08140218 2023-07-31 08140218 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure