Company Registration No. 05301680 (England and Wales)
Adaptive Vehicle Solutions Limited
Unaudited accounts
for the year ended 28 February 2025
Adaptive Vehicle Solutions Limited
Unaudited accounts
Contents
Adaptive Vehicle Solutions Limited
Company Information
for the year ended 28 February 2025
Company Number
05301680 (England and Wales)
Registered Office
27-28 Gelliwastad Road
Pontypridd
CF37 2BW
Wales
Accountants
R H Jeffs & Rowe Ltd
27-28 Gelliwastad Road
Pontypridd
CF37 2BW
Adaptive Vehicle Solutions Limited
Statement of financial position
as at 28 February 2025
Tangible assets
9,106
11,476
Inventories
231,740
235,240
Cash at bank and in hand
289,943
167,762
Creditors: amounts falling due within one year
(72,125)
(64,574)
Net current assets
690,130
696,229
Total assets less current liabilities
732,286
740,755
Creditors: amounts falling due after more than one year
(13,099)
(23,280)
Net assets
719,187
717,475
Called up share capital
100
100
Profit and loss account
719,087
717,375
Shareholders' funds
719,187
717,475
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 November 2025 and were signed on its behalf by
Richard Blakeney
Director
Company Registration No. 05301680
Adaptive Vehicle Solutions Limited
Notes to the Accounts
for the year ended 28 February 2025
Adaptive Vehicle Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 05301680. The registered office is 27-28 Gelliwastad Road, Pontypridd, CF37 2BW, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Adaptive Vehicle Solutions Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2024
26,213
85,751
111,964
At 28 February 2025
26,213
85,751
111,964
At 1 March 2024
24,709
75,779
100,488
Charge for the year
376
1,994
2,370
At 28 February 2025
25,085
77,773
102,858
At 28 February 2025
1,128
7,978
9,106
At 29 February 2024
1,504
9,972
11,476
5
Investments
Other investments
Valuation at 1 March 2024
33,050
Valuation at 28 February 2025
33,050
Amounts falling due within one year
Trade debtors
234,020
351,941
Accrued income and prepayments
6,552
5,860
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
14,434
345
Taxes and social security
22,531
13,419
Other creditors
5,273
3,427
Loans from directors
14,357
33,174
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).