CCF Mobility Ltd - Period Ending 2021-11-30
CCF Mobility Ltd - Period Ending 2021-11-30
Registration number:
CCF Mobility Ltd
for the Year Ended 30 November 2021
CCF Mobility Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
CCF Mobility Ltd
Company Information
Director |
M J Day |
Registered office |
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Accountants |
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CCF Mobility Ltd
(Registration number: 07069582)
Balance Sheet as at 30 November 2021
Note |
2021 |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
41,688 |
46,269 |
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Shareholders' funds |
41,788 |
46,369 |
CCF Mobility Ltd
(Registration number: 07069582)
Balance Sheet as at 30 November 2021 (continued)
For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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CCF Mobility Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling, which is the functional currency of the entity.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
CCF Mobility Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021 (continued)
2 |
Accounting policies (continued) |
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulaed depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost or valuation of an asset, less estimated residual value, over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Long leasehold property |
10% straight line basis |
Furniture, fittings and equipment |
25% reducing balance basis |
Motor vehicles |
25% reducing balance basis |
Goodwill
Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
20% straight line basis |
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
CCF Mobility Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021 (continued)
2 |
Accounting policies (continued) |
Stocks
Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 December 2020 |
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At 30 November 2021 |
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Amortisation |
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At 1 December 2020 |
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At 30 November 2021 |
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Carrying amount |
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At 30 November 2021 |
- |
- |
At 30 November 2020 |
- |
- |
CCF Mobility Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021 (continued)
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 December 2020 |
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Additions |
- |
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- |
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Disposals |
- |
- |
( |
( |
At 30 November 2021 |
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- |
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Depreciation |
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At 1 December 2020 |
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Charge for the year |
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- |
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Eliminated on disposal |
- |
- |
( |
( |
At 30 November 2021 |
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- |
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Carrying amount |
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At 30 November 2021 |
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- |
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At 30 November 2020 |
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Stocks |
2021 |
2020 |
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Other inventories |
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CCF Mobility Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021 (continued)
Debtors |
2021 |
2020 |
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Trade debtors |
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Prepayments |
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Other debtors |
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CCF Mobility Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021 (continued)
Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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- |
Other creditors |
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- |
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Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
On 7 June 2021 100% of the ordinary share capital of CCF Mobility Ltd was sold by S M Lara to Brand Ambition Ventures Ltd.
On 31 August 2021 Brand Ambition Ventures Ltd sold 50% of the ordinary share capital to Cleveland Consulting Ltd.
After the year end on 10 January 2022 Brand Ambition Ventures Ltd repurchased the 50% shareholding from Cleveland Consulting Ltd.
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
At 30 November 2021 the company had total commitments under non-cancellable operating leases over the remaining life of the leases of £
CCF Mobility Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021 (continued)
Parent and ultimate parent undertaking |
The company's immediate parent is