REGISTERED NUMBER: 01922352 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Amvale Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Godfrey

S Fowler

SECRETARY:

Mrs J L Godfrey-East

REGISTERED OFFICE:

Unit 1 C/D Birkdale Road

South Park Industrial Estate

Scunthorpe

North Lincolnshire

DN17 2AU

REGISTERED NUMBER:

01922352 (England and Wales)

FIXED ASSETS

Intangible assets

4

291,667

-

Tangible assets

5

2,530,039

2,667,014

Investments

6

10,510

10,410

Investment property

7

391,002

340,832

3,223,218

3,018,256

CURRENT ASSETS

Stocks

98,598

99,224

Debtors

8

1,344,454

696,916

Cash at bank and in hand

41,834

246,336

1,484,886

1,042,476

CREDITORS

Amounts falling due within one year

9

2,071,681

1,344,050

NET CURRENT LIABILITIES

(586,795

)

(301,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,636,423

2,716,682

CREDITORS

Amounts falling due after more than one year

10

(736,461

)

(823,585

)

PROVISIONS FOR LIABILITIES

(126,781

)

(106,576

)

NET ASSETS

1,773,181

1,786,521

CAPITAL AND RESERVES

Called up share capital

550

550

Revaluation reserve

8,000

8,000

Capital redemption reserve

160,050

160,050

Other reserves

(29,922

)

(29,922

)

Retained earnings

1,634,503

1,647,843

SHAREHOLDERS' FUNDS

1,773,181

1,786,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 12 September 2025 and were signed on its behalf by:

M J Godfrey - Director

1.	STATUTORY INFORMATION

Amvale 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents gross revenue earned from transport and other vehicle services and excludes payments received on account. Where appropriate, amounts are shown net of rebates and VAT.

Revenue is recognised when the services are performed or when goods are sold.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

at varying rates on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

at varying rates on cost

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

350,000

At 31 March 2025

350,000

AMORTISATION

Charge for year

58,333

At 31 March 2025

58,333

NET BOOK VALUE

At 31 March 2025

291,667

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2024

591,834

436,157

108,943

4,073,582

5,210,516

Additions

-

11,355

779

902,223

914,357

Disposals

-

-

-

(628,642

)

(628,642

)

At 31 March 2025

591,834

447,512

109,722

4,347,163

5,496,231

DEPRECIATION

At 1 April 2024

197,220

257,176

96,831

1,992,275

2,543,502

Charge for year

7,892

27,386

1,865

638,500

675,643

Eliminated on disposal

-

-

-

(252,953

)

(252,953

)

At 31 March 2025

205,112

284,562

98,696

2,377,822

2,966,192

NET BOOK VALUE

At 31 March 2025

386,722

162,950

11,026

1,969,341

2,530,039

At 31 March 2024

394,614

178,981

12,112

2,081,307

2,667,014

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2021

-

-

-

(446,791

)

(446,791

)

Cost

591,834

447,512

109,722

4,793,954

5,943,022

591,834

447,512

109,722

4,347,163

5,496,231

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST OR VALUATION

At 1 April 2024

1,598,235

Additions

471,264

Transfer to ownership

(443,785

)

At 31 March 2025

1,625,714

DEPRECIATION

At 1 April 2024

641,363

Charge for year

256,363

Transfer to ownership

(175,480

)

At 31 March 2025

722,246

NET BOOK VALUE

At 31 March 2025

903,468

At 31 March 2024

956,872

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 April 2024

-

10,410

10,410

Additions

471,570

-

471,570

Impairments

(471,470

)

-

(471,470

)

At 31 March 2025

100

10,410

10,510

NET BOOK VALUE

At 31 March 2025

100

10,410

10,510

At 31 March 2024

-

10,410

10,410

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

340,832

Additions

50,170

At 31 March 2025

391,002

NET BOOK VALUE

At 31 March 2025

391,002

At 31 March 2024

340,832

The valuations were made by the directors, on an open market value for existing use basis.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

305,660

104,155

Other debtors

1,038,794

592,761

1,344,454

696,916

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

482,971

465,230

Trade creditors

200,587

207,823

Amounts owed to group undertakings

1,000

-

Taxation and social security

38,012

14,540

Other creditors

1,349,111

656,457

2,071,681

1,344,050

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

736,461

823,585

11.	SECURED DEBTS

Obligations under hire purchase agreements are secured by a charge over the assets to which they relate.

Bank loans and overdrafts are secured by way of a floating charge on the company's assets and fixed charges on its freehold land and its leasehold property and over all its book debts. The bank also holds an unlimited multilateral cross company guarantee between Amvale Medical Transport Limited, Amvale Scotland Limited, Amvale Limited, Amvale Holdings Limited and AMT2 Limited.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

31.3.25

31.3.24

£

£

Balance owing from director at the year end

771,396

45

Maximum balance outstanding during the year

771,396

37,699

Interest charged at 2.25%

10,005

-

13.	RELATED PARTY DISCLOSURES

Information regarding related party transactions and outstanding balances are listed below:

31.3.25

31.3.24

£

£

Sales and recharges made to related parties

907,224

1,621,244

Purchases made from related parties

321,092

284,172

Amounts owing from related parties

185,522

79,734

Amounts owing to related parties

1,360,172

647,784

The related parties are companies of which Mr M J Godfrey is also a director.

Outstanding balances due to/from the company are unsecured and no formal agreements are in place.

The company occupies premises rent free which are owned personally by Mr M J Godfrey.