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REGISTERED NUMBER: 07191606 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Mobility Direct (North) Limited

Mobility Direct (North) Limited (Registered number: 07191606)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mobility Direct (North) Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: N Bowlt
Mrs G Bowlt





REGISTERED OFFICE: Unit 1c Metro Riverside
Delta Bank Road
Dunston
Gateshead
Tyne & Wear
NE11 9DJ





REGISTERED NUMBER: 07191606 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Mobility Direct (North) Limited (Registered number: 07191606)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 706
Tangible assets 5 121,278 92,909
121,278 93,615

CURRENT ASSETS
Stocks 156,561 145,184
Debtors 6 182,577 123,266
Cash at bank 199,587 94,246
538,725 362,696
CREDITORS
Amounts falling due within one year 7 281,154 171,165
NET CURRENT ASSETS 257,571 191,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,849

285,146

PROVISIONS FOR LIABILITIES 23,043 17,653
NET ASSETS 355,806 267,493

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 355,804 267,491
SHAREHOLDERS' FUNDS 355,806 267,493

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 Direct (North) Limited (Registered number: 07191606)

Statement of Financial Position - 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 11 October 2023 and were signed on its behalf by:




Mrs G Bowlt - Director



N Bowlt - Director


Mobility Direct (North) Limited (Registered number: 07191606)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Mobility Direct (North) 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 assume that the company will continue in operational existence for the foreseeable future, which the director considers appropriate.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, has now been fully amortised.

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.

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.
Improvements to property - Straight line over 5 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 statement of financial position date.


Mobility Direct (North) Limited (Registered number: 07191606)

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 statement of financial position 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.

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 13 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 28,300 4,010 32,310
AMORTISATION
At 1 April 2022 27,594 4,010 31,604
Amortisation for year 706 - 706
At 31 March 2023 28,300 4,010 32,310
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 706 - 706

Mobility Direct (North) Limited (Registered number: 07191606)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 145,372
Additions 52,873
At 31 March 2023 198,245
DEPRECIATION
At 1 April 2022 52,463
Charge for year 24,504
At 31 March 2023 76,967
NET BOOK VALUE
At 31 March 2023 121,278
At 31 March 2022 92,909

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

Plant and
machinery
etc
£   
COST
At 1 April 2022 24,550
Transfer to ownership (24,550 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 12,746
Transfer to ownership (12,746 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 11,804

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 117,871 72,403
Other debtors 64,706 50,863
182,577 123,266

Mobility Direct (North) Limited (Registered number: 07191606)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) - 9,432
Trade creditors 238,445 129,155
Taxation and social security 32,307 22,310
Other creditors 10,402 10,268
281,154 171,165

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 9,432

Non-cancellable operating leases
2023 2022
£    £   
Within one year - 74,447
Between one and five years - 188,750
- 263,197