AMP Vehicle Finance Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06627451 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AMP VEHICLE FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A M Pearce

REGISTERED OFFICE:

16 Oaktree Court Business Centre

Mill Lane

Ness

Cheshire

CH64 8TP

REGISTERED NUMBER:

06627451 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Ctr

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

118

216

118

216

CURRENT ASSETS

Debtors

6

13,146

21,943

Cash at bank

4

9,553

13,150

31,496

CREDITORS

Amounts falling due within one year

7

12,891

31,456

NET CURRENT ASSETS

259

40

TOTAL ASSETS LESS CURRENT
LIABILITIES

377

256

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

277

156

SHAREHOLDERS' FUNDS

377

256

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 September 2025 and were signed by:

A M Pearce - Director

1.	STATUTORY INFORMATION

AMP Vehicle Finance 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 (£).

Transactions are rounded to the nearest £.

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 represents goods delivered and commission chargeable in the period.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

20,000

AMORTISATION

At 1 January 2024

and 31 December 2024

20,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

3,558

DEPRECIATION

At 1 January 2024

3,342

Charge for year

98

At 31 December 2024

3,440

NET BOOK VALUE

At 31 December 2024

118

At 31 December 2023

216

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade debtors

-

7,800

Other debtors

2,550

Directors' loan accounts

9,819

9,612

VAT

777

719

Prepayments and accrued income

-

1,262

13,146

21,943

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Bank loans and overdrafts

3,177

-

Trade creditors

3,325

10,442

Tax

2,539

5,369

Social security and other taxes

200

-

Other creditors

-

9,495

Accruals and deferred income

3,650

6,150

12,891

31,456

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

100

Ordinary

1

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

156

Profit for the year

1,521

Dividends

(1,400

)

At 31 December 2024

277

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24

31/12/23

£

A M Pearce

Balance outstanding at start of year

9,611

29,083

Amounts advanced

10,544

14,717

Amounts repaid

(10,336

)

(34,189

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

9,819

9,611

The above advance was interest free, had no fixed repayment date and was unsecured.