Auto Vivendi Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07079963 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

AUTO VIVENDI LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R L Thomas

Mr P Gbedemah

Mr C A Williams

REGISTERED OFFICE:

39 Greville Road

London

NW6 5JJ

REGISTERED NUMBER:

07079963 (England and Wales)

ACCOUNTANTS:

Haines Watts

Advantage

87 Castle Street

Reading

Berkshire

RG1 7SN

FIXED ASSETS

Intangible assets

4

8,958

1,682

Tangible assets

5

2,452,344

2,101,420

Investments

6

544,697

544,697

3,005,999

2,647,799

CURRENT ASSETS

Debtors

7

1,893,217

814,875

Cash at bank

36,159

143,683

1,929,376

958,558

CREDITORS

Amounts falling due within one year

8

3,294,726

1,885,970

NET CURRENT LIABILITIES

(1,365,350

)

(927,412

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,640,649

1,720,387

CREDITORS

Amounts falling due after more than one year

9

1,205,750

1,389,559

NET ASSETS

434,899

330,828

CAPITAL AND RESERVES

Called up share capital

163

163

Capital redemption reserve

114

114

Retained earnings

434,622

330,551

SHAREHOLDERS' FUNDS

434,899

330,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2019 and were signed on its behalf by:

Mr R L Thomas - Director

1.	STATUTORY INFORMATION

Auto Vivendi 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.

The financial statements have been prepared on the going concern basis which assumes that the

company will continue in business for the foreseeable future,

The post year end performance of the company gives clear indication that the directors consider it

appropriate to prepare the financial statements on a going concern basis. The financial statements do

not contain any adjustment which would result if the going concern basis was not considered

appropriate.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose

related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied,

exclusive of Value Added Tax and trade discounts.

Turnover represents the proportionate value of the clients' membership fees in relation to the life of

the membership.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

straight line over the life of the lease

Plant and machinery etc

-

15% on reducing balance and at varying rates on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed

assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their

useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases

are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in creditors net of the finance charge allocated to

future periods. The finance element of the rental payment is charged to the Profit and Loss account

so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred income

Deferred income represents the proportionate value of the clients' membership fees in relation to the

life of the membership, net of value added tax.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

£

£

COST

At 1 January 2018

124,474

54,335

178,809

Additions

-

9,915

9,915

At 31 December 2018

124,474

64,250

188,724

AMORTISATION

At 1 January 2018

124,474

52,653

177,127

Amortisation for year

-

2,639

2,639

At 31 December 2018

124,474

55,292

179,766

NET BOOK VALUE

At 31 December 2018

-

8,958

8,958

At 31 December 2017

-

1,682

1,682

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2018

49,167

6,691

2,266,000

16,103

2,337,961

Additions

-

-

1,799,757

5,115

1,804,872

Disposals

-

-

(1,194,328

)

-

(1,194,328

)

At 31 December 2018

49,167

6,691

2,871,429

21,218

2,948,505

DEPRECIATION

At 1 January 2018

49,167

5,622

170,312

11,440

236,541

Charge for year

-

916

420,252

3,450

424,618

Eliminated on disposal

-

-

(164,998

)

-

(164,998

)

At 31 December 2018

49,167

6,538

425,566

14,890

496,161

NET BOOK VALUE

At 31 December 2018

-

153

2,445,863

6,328

2,452,344

At 31 December 2017

-

1,069

2,095,688

4,663

2,101,420

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2018

2,266,000

Additions

1,799,757

Disposals

(1,194,328

)

At 31 December 2018

2,871,429

DEPRECIATION

At 1 January 2018

170,312

Charge for year

420,252

Eliminated on disposal

(164,998

)

At 31 December 2018

425,566

NET BOOK VALUE

At 31 December 2018

2,445,863

At 31 December 2017

2,095,688

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2018

and 31 December 2018

544,697

NET BOOK VALUE

At 31 December 2018

544,697

At 31 December 2017

544,697

7.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

419,366

213,407

Amounts owed by group undertakings

38,151

84,387

Other debtors

1,024,545

160,000

VAT

16,655

-

Deferred tax asset

108,216

122,776

Prepayments and accrued income

225,863

199,181

Prepayments

52,088

26,791

1,884,884

806,542

Amounts falling due after more than one year:

Other debtors

8,333

8,333

Aggregate amounts

1,893,217

814,875

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other loans

754,545

-

Hire purchase contracts

1,613,178

732,874

Trade creditors

129,693

14,136

Credit card

53,738

34,323

Social security and other taxes

443

222

VAT

-

134,869

Other creditors

223

125,223

Directors' current accounts

5,853

160

Accruals and deferred income

737,053

844,163

3,294,726

1,885,970

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other loans - 2-5 years

250,000

-

Hire purchase contracts

955,750

1,389,559

1,205,750

1,389,559

10.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts

2,568,928

2,122,433

Other Loans

250,000

-

2,818,928

2,122,433

Hire purchase contracts are secured over the assets to which they relate.

11.	RELATED PARTY DISCLOSURES

An owner that holds a participating interest in the shares of the company (also a director) provided a

loan to the company of £4,177 during the year. No interest is payable and the loan is repayable on

demand.

A director provided a loan to the company of £828 during the year. No interest is payable and the

loan is repayable on demand.

An owner that holds a participating interest in the shares of the company (also a director) provided a

loan to the company of £848 during the year. No interest is payable and the loan is repayable on

demand.

An owner that holds a participating interest in the shares of the company provided a loan to the

company of £250,000 during the year. Interest of £20,833 was paid to the shareholder during the

year. The loan is repayable in April 2020.