Moby Dick Scooters Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04343525 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MOBY DICK SCOOTERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr. R Hulland

Mrs B M Hulland

Registered office:

10 Stadium Business Court Millennium Way

Pride Park

Derby

Derbyshire

DE24 8HP

Registered number:

04343525 (England and Wales)

Accountants:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

Fixed assets

Tangible assets

4

29,161

32,893

Current assets

Stocks

328,739

508,760

Debtors

5

19,171

24,605

Cash at bank and in hand

83,909

64,578

431,819

597,943

Creditors

Amounts falling due within one year

6

(224,712

)

(366,438

)

Net current assets

207,107

231,505

Total assets less current liabilities

236,268

264,398

Creditors

Amounts falling due after more than one
year

7

(4,167

)

(55,834

)

Net assets

232,101

208,564

Capital and reserves

Called up share capital

8

3

Retained earnings

232,098

208,561

Shareholders' funds

232,101

208,564

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr. R Hulland - Director

1.	STATUTORY INFORMATION

Moby Dick Scooters 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.

Turnover

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

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

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

Cost

At 1 January 2024

37,795

10,864

34,523

83,182

Additions

2,105

3,883

-

5,988

At 31 December 2024

39,900

14,747

34,523

89,170

Depreciation

At 1 January 2024

29,346

4,794

16,149

50,289

Charge for year

2,638

2,489

4,593

9,720

At 31 December 2024

31,984

7,283

20,742

60,009

Net book value

At 31 December 2024

7,916

7,464

13,781

29,161

At 31 December 2023

8,449

6,070

18,374

32,893

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

19,171

23,931

Social security and other taxes

-

674

19,171

24,605

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

51,667

60,000

Trade creditors

105,218

280,272

Tax

5,756

7,576

Social security and other taxes

3,063

-

VAT

12,241

8,664

Other creditors

41,873

6,940

Accruals and deferred income

4,630

2,630

Directors' loan accounts

264

356

224,712

366,438

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

4,167

55,834

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

3

Ordinary

£1

3

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

Mr. R Hulland

Balance outstanding at start of year

(355

)

14,366

Amounts advanced

91

279

Amounts repaid

-

(15,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(264

)

(355

)

It is the company policy to charge interest on all overdrawn loan accounts at the HMRC official rate of interest.

The amount charged during the year in respect of the above loans was £Nil (2023: £92) and has been

included in other debtors.

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mrs B M Hulland throughout the current and previous year. Mrs B M Hulland is the managing director and majority shareholder.

The company made a management charge to Smallwood Consultancy Limited, a company also under the control of Mrs B M Hulland of £nil (2023: £30,000) during the year.

Amount due from/(to) related party is shown below and is included within other debtors (2023: other debtors).

2024

2023

£

Amount due from related party at the balance sheet date

19,171