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 2021

FOR

AUTO VIVENDI LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R L Thomas

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

2,250

6,099

Tangible assets

5

3,204,149

5,276,385

Investments

6

563,515

563,515

3,769,914

5,845,999

CURRENT ASSETS

Debtors

7

999,124

803,022

Cash at bank

946,604

268,695

1,945,728

1,071,717

CREDITORS

Amounts falling due within one year

8

5,188,621

4,659,589

NET CURRENT LIABILITIES

(3,242,893

)

(3,587,872

)

TOTAL ASSETS LESS CURRENT LIABILITIES

527,021

2,258,127

CREDITORS

Amounts falling due after more than one year

9

384,419

2,143,388

NET ASSETS

142,602

114,739

CAPITAL AND RESERVES

Called up share capital

163

163

Capital redemption reserve

114

114

Retained earnings

142,325

114,462

SHAREHOLDERS' FUNDS

142,602

114,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 28 September 2022 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.

Deferred income also includes income for events taking place post balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

£

£

COST

At 1 January 2021

and 31 December 2021

124,474

68,750

193,224

AMORTISATION

At 1 January 2021

124,474

62,651

187,125

Amortisation for year

-

3,849

3,849

At 31 December 2021

124,474

66,500

190,974

NET BOOK VALUE

At 31 December 2021

-

2,250

2,250

At 31 December 2020

-

6,099

6,099

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2021

49,167

96,191

6,103,536

33,496

6,282,390

Additions

-

-

2,352,111

621

2,352,732

Disposals

-

-

(4,410,331

)

-

(4,410,331

)

At 31 December 2021

49,167

96,191

4,045,316

34,117

4,224,791

DEPRECIATION

At 1 January 2021

49,167

17,878

914,995

23,965

1,006,005

Charge for year

-

22,375

757,051

5,563

784,989

Eliminated on disposal

-

-

(770,352

)

-

(770,352

)

At 31 December 2021

49,167

40,253

901,694

29,528

1,020,642

NET BOOK VALUE

At 31 December 2021

-

55,938

3,143,622

4,589

3,204,149

At 31 December 2020

-

78,313

5,188,541

9,531

5,276,385

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

Motor

vehicles

£

COST

At 1 January 2021

4,453,989

Additions

2,352,111

Disposals

(2,760,784

)

At 31 December 2021

4,045,316

DEPRECIATION

At 1 January 2021

914,995

Charge for year

757,051

Eliminated on disposal

(770,352

)

At 31 December 2021

901,694

NET BOOK VALUE

At 31 December 2021

3,143,622

At 31 December 2020

3,538,994

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2021

and 31 December 2021

563,515

NET BOOK VALUE

At 31 December 2021

563,515

At 31 December 2020

563,515

7.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Trade debtors

322,015

299,336

Amounts owed by group undertakings

232,385

229,136

Other debtors

25,000

-

Directors' current accounts

64,800

-

Deferred tax asset

175,906

182,874

Prepayments and accrued income

116,590

62,340

Prepayments

54,095

21,003

990,791

794,689

Amounts falling due after more than one year:

Other debtors

8,333

8,333

Aggregate amounts

999,124

803,022

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

50,000

29,167

Other loans

49,663

1,747,903

Hire purchase contracts

3,017,677

1,817,547

Trade creditors

114,516

91,650

Credit card

36,326

43,730

Social security and other taxes

4,529

2,862

VAT

466,967

89,068

Other creditors

990

385

Directors' current accounts

848

1,676

Accruals and deferred income

1,447,105

835,601

5,188,621

4,659,589

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

50,000

50,000

Bank loans - 2-5 years

120,834

150,000

Bank loans more 5 yr by instal

-

20,833

Hire purchase contracts

213,585

1,922,555

384,419

2,143,388

2021

2020

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

20,833

10.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Hire purchase contracts

3,231,262

3,740,102

Other Loans

-

250,000

3,231,262

3,990,102

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

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021

2020

£

£

Mr R L Thomas

Balance outstanding at start of year

-

8,223

Amounts advanced

274,267

-

Amounts repaid

(209,467

)

(8,223

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

64,800

-