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REGISTERED NUMBER: 07638783 (England and Wales)












MOBILITY CONNECT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






MOBILITY CONNECT LTD (REGISTERED NUMBER: 07638783)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOBILITY CONNECT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







Directors: Mr D J Clisham
Ms L P Livesey
Mr N S Morgan





Registered office: 10 Woodgate Park
White Lund Industrial Estate
MORECAMBE
LA3 3PS





Registered number: 07638783 (England and Wales)





Accountants: Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

MOBILITY CONNECT LTD (REGISTERED NUMBER: 07638783)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 4,064 4,576
4,064 4,576

Current assets
Stocks 81,950 92,890
Debtors 6 248,714 214,569
Cash at bank and in hand 81,191 86,643
411,855 394,102
Creditors
Amounts falling due within one year 7 285,550 289,236
Net current assets 126,305 104,866
Total assets less current liabilities 130,369 109,442

Creditors
Amounts falling due after more than one
year

8

(86,591

)

(128,864

)

Provisions for liabilities (541 ) (555 )
Net assets/(liabilities) 43,237 (19,977 )

Capital and reserves
Called up share capital 11 6 6
Retained earnings 43,231 (19,983 )
Shareholders' funds 43,237 (19,977 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

MOBILITY CONNECT LTD (REGISTERED NUMBER: 07638783)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:




Mr N S Morgan - Director Mr D J Clisham - Director




Ms L P Livesey - Director


MOBILITY CONNECT LTD (REGISTERED NUMBER: 07638783)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

Mobility Connect Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Mailing list are being amortised evenly over their estimated useful life of four years.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants improvements - 20% on cost
Plant and machinery etc - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MOBILITY CONNECT LTD (REGISTERED NUMBER: 07638783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. Accounting policies - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. Employees and directors

The average number of employees during the year was 10 (2022 - 11 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 April 2022
and 31 March 2023 23,418
Amortisation
At 1 April 2022
and 31 March 2023 23,418
Net book value
At 31 March 2023 -
At 31 March 2022 -

MOBILITY CONNECT LTD (REGISTERED NUMBER: 07638783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. Tangible fixed assets
Plant and
Tenants machinery
improvements etc Totals
£    £    £   
Cost
At 1 April 2022 14,634 47,999 62,633
Additions - 4,089 4,089
At 31 March 2023 14,634 52,088 66,722
Depreciation
At 1 April 2022 11,564 46,493 58,057
Charge for year 2,414 2,187 4,601
At 31 March 2023 13,978 48,680 62,658
Net book value
At 31 March 2023 656 3,408 4,064
At 31 March 2022 3,070 1,506 4,576

6. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 150,014 92,154
Other debtors 86,436 110,151
236,450 202,305

Amounts falling due after more than one year:
Other debtors 12,264 12,264

Aggregate amounts 248,714 214,569

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 42,273 42,273
Trade creditors 202,183 229,731
Taxation and social security 36,994 14,190
Other creditors 4,100 3,042
285,550 289,236

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 86,591 128,864

MOBILITY CONNECT LTD (REGISTERED NUMBER: 07638783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 41,693 18,600
Between one and five years 66,878 24,800
108,571 43,400

10. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 128,864 171,137

The bank loan is secured by a fixed and floating charge over the company's assets.

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6 Ordinary £1 6 6

12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr D J Clisham
Balance outstanding at start of year 22,612 22,772
Amounts advanced 13,255 15,840
Amounts repaid (20,104 ) (16,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,763 22,612

Ms L P Livesey
Balance outstanding at start of year 22,629 22,859
Amounts advanced 13,231 15,770
Amounts repaid (20,104 ) (16,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,756 22,629

MOBILITY CONNECT LTD (REGISTERED NUMBER: 07638783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


12. Directors' advances, credits and guarantees - continued

Mr N S Morgan
Balance outstanding at start of year 22,493 22,706
Amounts advanced 13,213 15,787
Amounts repaid (20,104 ) (16,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,602 22,493

The above advance was charged interest at the official rate of interest, had no fixed repayment date and was unsecured.