Minster Mobility Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07102280

Minster Mobility Limited

Filleted Unaudited Financial Statements

Year ended

30 December 2024

Minster Mobility Limited

Financial Statements

Year ended 30 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Minster Mobility Limited

Statement of Financial Position

30 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		3,334		4,445

Current assets

Stocks		10,000	10,000
Debtors	6	1,460	2,951
Cash at bank and in hand		19,358	15,456
		--------	--------
		30,818	28,407

Creditors: amounts falling due within one year	7	33,303		31,975
		--------		--------
Net current liabilities			2,485		3,568
			-------		-------
Total assets less current liabilities			849		877

Creditors: amounts falling due after more than one year	8		2,459		4,435

Provisions

Taxation including deferred tax	633	843
	-------	-------
Net liabilities	( 2,243)	( 4,401)
	-------	-------

Capital and reserves

Called up share capital	10	10
Profit and loss account	( 2,253)	( 4,411)
	-------	-------
Shareholders funds	( 2,243)	( 4,401)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Minster Mobility Limited

Statement of Financial Position (continued)

30 December 2024

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr M J Carter
Director

Company registration number: 07102280

Minster Mobility Limited

Notes to the Financial Statements

Year ended 30 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Back Lane, Hemingbrough, Selby, North Yorkshire, YO8 6QP.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the director has considered the effect of these matters on the company with the information available to it and does not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the director has prepared these financial statements on a going concern basis. The company's balance sheet shows net liabilities of £2,243 arose during the year. The Director will continue to support the company. The going concern basis is therefore appropriate.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the sales invoice is issued.

(d) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

(g) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(h) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(i) Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 31 December 2023 and 30 December 2024	13,999	868	14,867
	--------	----	--------
Depreciation
At 31 December 2023	9,569	853	10,422
Charge for the year	1,107	4	1,111
	--------	----	--------
At 30 December 2024	10,676	857	11,533
	--------	----	--------
Carrying amount
At 30 December 2024	3,323	11	3,334
	--------	----	--------
At 30 December 2023	4,430	15	4,445
	--------	----	--------

6. Debtors

	2024	2023
	£	£
Other debtors	1,460	2,951
	-------	-------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	1,974	1,972
Trade creditors	1,099	2,804
Corporation tax	341	–
Directors Loan Account	29,889	27,199
	--------	--------
	33,303	31,975
	--------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	2,459	4,435
	-------	-------

9. Related party transactions

The director maintained his director's current account in credit during the year, and the balance owed to him by the company at the year end was £ 29,889 , (2023 £27,199).