Move Management Asset Removals Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09143651

Move Management Asset Removals Limited

Filleted Unaudited Financial Statements

31 January 2025

Move Management Asset Removals Limited

Financial Statements

Year ended 31 January 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 6

Move Management Asset Removals Limited

Balance Sheet

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,346	2,640

Current assets

Stocks		19,498	19,498
Debtors	6	–	78,337
Cash at bank and in hand		88,238	234,515
		---------	---------
		107,736	332,350

Creditors: amounts falling due within one year	7	83,268	205,998
		---------	---------
Net current assets		24,468	126,352
		--------	---------
Total assets less current liabilities		25,814	128,992

Creditors: amounts falling due after more than one year	8	9,369	19,487
		--------	---------
Net assets		16,445	109,505
		--------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	16,443	109,503
	--------	---------
Shareholders funds	16,445	109,505
	--------	---------

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 profit and loss account has not been delivered.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Move Management Asset Removals Limited

Balance Sheet (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr M B Dawson

Director

Company registration number: 09143651

Move Management Asset Removals Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales, registration number 09143651 . The address of the registered office is 29 King Street, Newcastle, ST5 1JE.

2. Statement of compliance

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

3. Accounting policies

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. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

Revenue recognition

Turnover comprises the value of sales (exclusive of VAT) of goods and services provided in the normal course of business. Revenue is recognised when goods are despatched, which is the same day on which goods are delivered and hence the point at which risks and rewards of ownership pass to the buyer. Turnover in respect of service contracts is recognised when the company obtains the right to received consideration for services provided.

Income 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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover 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 material 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.

Tangible assets

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

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:

	Equipment	-	25% straight line

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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal values. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 2 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 February 2024	11,542	11,542
Disposals	( 6,368)	( 6,368)
	--------	--------
At 31 January 2025	5,174	5,174
	--------	--------
Depreciation
At 1 February 2024	8,902	8,902
Charge for the year	1,294	1,294
Disposals	( 6,368)	( 6,368)
	--------	--------
At 31 January 2025	3,828	3,828
	--------	--------
Carrying amount
At 31 January 2025	1,346	1,346
	--------	--------
At 31 January 2024	2,640	2,640
	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	–	11,232
Other debtors	–	67,105
	----	--------
	–	78,337
	----	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,269	10,272
Trade creditors	1,721	59,123
Corporation tax	27,074	78,952
Social security and other taxes	38,539	52,527
Other creditors	5,665	5,124
	--------	---------
	83,268	205,998
	--------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	9,369	19,487
	-------	--------

9. Directors' advances, credits and guarantees

During the year the directors have maintained a current account with the company, the total balance on this account at the start of the year was £63,855(2024 - £30,335) and the total balance at the year end was £761 credit (2024 - £63,855). There were no material advances, total other advances were £164,648(2024 - £216,880). In the current year a material repayment was made of £80,000 on 6/4/24 and £100,000 on 31/1/25, in the previous year a material repayment was made of £62,000 on 31/3/23 and £74,000 on 31/1/24, all other monies repaid were £49,264 (2024 - £47,360). The advances were on an interest free basis.