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REGISTERED NUMBER: 07080624 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31st March 2024

for

The Hearing and Mobility Store Limited

The Hearing and Mobility Store Limited (Registered number: 07080624)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Hearing and Mobility Store Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: W B S McIvor
N L Jephson
T P Jephson





REGISTERED OFFICE: 6 Devizes Road
Wroughton
Swindon
Wiltshire
SN4 0RZ





REGISTERED NUMBER: 07080624 (England and Wales)





ACCOUNTANTS: Bew & Co Limited
Chartered Accountants
130 High Street
Marlborough
Wiltshire
SN8 1LZ

The Hearing and Mobility Store Limited (Registered number: 07080624)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,186 28,513
25,186 28,513

CURRENT ASSETS
Stocks 232,708 242,226
Debtors 6 62,084 68,231
Cash at bank and in hand 107,433 80,165
402,225 390,622
CREDITORS
Amounts falling due within one year 7 179,650 182,329
NET CURRENT ASSETS 222,575 208,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,761

236,806

CREDITORS
Amounts falling due after more than one year 8 (24,697 ) (55,152 )

PROVISIONS FOR LIABILITIES (6,297 ) (7,178 )
NET ASSETS 216,767 174,476

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 44,940 44,940
Retained earnings 171,627 129,336
SHAREHOLDERS' FUNDS 216,767 174,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 Hearing and Mobility Store Limited (Registered number: 07080624)

Balance Sheet - continued
31st March 2024


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 5th August 2024 and were signed on its behalf by:





W B S McIvor - Director


The Hearing and Mobility Store Limited (Registered number: 07080624)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

The Hearing and Mobility Store 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.

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 in 2015, is being amortised evenly over its estimated useful life of five 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

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.

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.

The Hearing and Mobility Store Limited (Registered number: 07080624)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

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 17 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 80,687
AMORTISATION
At 1st April 2023
and 31st March 2024 80,687
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 159,908
Additions 7,279
At 31st March 2024 167,187
DEPRECIATION
At 1st April 2023 131,395
Charge for year 10,606
At 31st March 2024 142,001
NET BOOK VALUE
At 31st March 2024 25,186
At 31st March 2023 28,513

The Hearing and Mobility Store Limited (Registered number: 07080624)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,867 9,657
Other debtors 60,217 58,574
62,084 68,231

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 25,455 25,455
Payments on account 1,154 2,165
Trade creditors 117,845 95,985
Taxation and social security 21,065 29,333
Other creditors 14,131 29,391
179,650 182,329

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 24,697 55,152

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 113,096 117,476
Between one and five years 382,240 373,620
In more than five years 156,666 210,666
652,002 701,762