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REGISTERED NUMBER: 08898235 (England and Wales)















MOBILITY (GB) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023






MOBILITY (GB) LIMITED (REGISTERED NUMBER: 08898235)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOBILITY (GB) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: N D Cox
M J C Williams
P J Fisher





REGISTERED OFFICE: 9 Eccleston Street
St Helens
Merseyside
WA10 2PG





REGISTERED NUMBER: 08898235 (England and Wales)

MOBILITY (GB) LIMITED (REGISTERED NUMBER: 08898235)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 14,500 21,000
Tangible assets 5 150,483 180,987
164,983 201,987

CURRENT ASSETS
Stocks 735,152 764,148
Debtors 6 228,470 384,200
Cash at bank and in hand 348,112 287,510
1,311,734 1,435,858
CREDITORS
Amounts falling due within one year 7 (534,171 ) (546,818 )
NET CURRENT ASSETS 777,563 889,040
TOTAL ASSETS LESS CURRENT LIABILITIES 942,546 1,091,027

CREDITORS
Amounts falling due after more than one
year

8

-

(130,000

)

PROVISIONS FOR LIABILITIES (37,621 ) (34,388 )
NET ASSETS 904,925 926,639

CAPITAL AND RESERVES
Called up share capital 9 446,759 446,759
Retained earnings 458,166 479,880
SHAREHOLDERS' FUNDS 904,925 926,639

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 (GB) LIMITED (REGISTERED NUMBER: 08898235)

BALANCE SHEET - continued
31 AUGUST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





N D Cox - Director


MOBILITY (GB) LIMITED (REGISTERED NUMBER: 08898235)

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


1. STATUTORY INFORMATION

Mobility (GB) 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The company extended its year end to 31 August 2019. For this reason, the comparatives are not entirely comparable.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Sale of goods
Turnover from the sale of mobility aids and stairlifts is recognised when significant risks and rewards of
ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is
probable that the economic benefits associated with the transaction will flow to the company and the costs
incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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.

Franchise Fees are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line between 3 to 10 years
Motor vehicles - Straight line over 3 years

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.


MOBILITY (GB) LIMITED (REGISTERED NUMBER: 08898235)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 47 ) .

MOBILITY (GB) LIMITED (REGISTERED NUMBER: 08898235)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022
and 31 August 2023 105,000
AMORTISATION
At 1 September 2022 84,000
Charge for year 6,500
At 31 August 2023 90,500
NET BOOK VALUE
At 31 August 2023 14,500
At 31 August 2022 21,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 501,387
Additions 56,526
At 31 August 2023 557,913
DEPRECIATION
At 1 September 2022 320,400
Charge for year 87,030
At 31 August 2023 407,430
NET BOOK VALUE
At 31 August 2023 150,483
At 31 August 2022 180,987

MOBILITY (GB) LIMITED (REGISTERED NUMBER: 08898235)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,578 138,953
Other debtors 5,417 5,237
Unpaid share capital 42,760 42,760
VAT 65,456 125,844
Prepayments 62,259 71,406
228,470 384,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 40,000
Trade creditors 306,050 326,612
Tax 80,944 38,434
Social security and other taxes 17,497 25,440
Other creditors 59,883 73,835
Accrued expenses 69,797 42,497
534,171 546,818

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 40,000
Bank loans - 2-5 years - 90,000
- 130,000

9. CALLED UP SHARE CAPITAL

Allotted and issued

Number: Class: Nominal 31.8.23 31.8.22
Value £ £
134,000 Ordinary A Shares £1 134,000 134,000
149,000 Ordinary B Shares £1 149,000 149,000
147,760 Ordinary C Shares £1 147,760 147,760
15,999 Ordinary D Shares £1 15,999 15,999
446,759 446,759

All share capital is fully paid apart from £42,760 (2022 - £42,760) ordinary C shares (See note 7).

MOBILITY (GB) LIMITED (REGISTERED NUMBER: 08898235)

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


10. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £497,662 (2022 £661,541).