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REGISTERED NUMBER: 04599140 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Unique Mobility Ltd

Unique Mobility Ltd (Registered number: 04599140)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Unique Mobility Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: I G Bellamy
Mrs S E Bellamy





SECRETARY: Mrs S E Bellamy





REGISTERED OFFICE: Unit 2a Scarne Industrial Estate
Hurdon Road
Launceston
Cornwall
PL15 9HS





REGISTERED NUMBER: 04599140 (England and Wales)





ACCOUNTANTS: Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR

Unique Mobility Ltd (Registered number: 04599140)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 115,534 111,168
115,534 111,168

CURRENT ASSETS
Stocks 258,076 237,357
Debtors 7 198,920 113,650
Cash at bank and in hand 98,533 114,663
555,529 465,670
CREDITORS
Amounts falling due within one year 8 223,162 152,025
NET CURRENT ASSETS 332,367 313,645
TOTAL ASSETS LESS CURRENT LIABILITIES 447,901 424,813

CREDITORS
Amounts falling due after more than one
year

9

(29,862

)

(34,826

)

PROVISIONS FOR LIABILITIES (16,563 ) (16,697 )
NET ASSETS 401,476 373,290

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 401,376 373,190
SHAREHOLDERS' FUNDS 401,476 373,290

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

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

Unique Mobility Ltd (Registered number: 04599140)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





I G Bellamy - Director


Unique Mobility Ltd (Registered number: 04599140)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Unique Mobility 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 15% on cost
Plant and machinery etc - 25% 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 Income Statement, 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.

Unique Mobility Ltd (Registered number: 04599140)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 13 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 20,400
AMORTISATION
At 1 January 2023
and 31 December 2023 20,400
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Unique Mobility Ltd (Registered number: 04599140)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 6,741 276,303 283,044
Additions - 69,250 69,250
At 31 December 2023 6,741 345,553 352,294
DEPRECIATION
At 1 January 2023 6,741 165,135 171,876
Charge for year - 64,884 64,884
At 31 December 2023 6,741 230,019 236,760
NET BOOK VALUE
At 31 December 2023 - 115,534 115,534
At 31 December 2022 - 111,168 111,168

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

Plant and
machinery
etc
£   
COST
At 1 January 2023 87,765
Additions 26,995
At 31 December 2023 114,760
DEPRECIATION
At 1 January 2023 32,438
Charge for year 25,192
At 31 December 2023 57,630
NET BOOK VALUE
At 31 December 2023 57,130
At 31 December 2022 55,327

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 64,298 34,981
Other debtors 134,622 78,669
198,920 113,650

Unique Mobility Ltd (Registered number: 04599140)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 10) 20,807 12,701
Trade creditors 73,246 66,859
Taxation and social security 32,895 30,989
Other creditors 96,214 41,476
223,162 152,025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 10) 29,862 34,826

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 20,807 12,701
Between one and five years 29,862 34,826
50,669 47,527

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 75,350 60,350
Between one and five years 152,667 156,767
228,017 217,117

11. RELATED PARTY DISCLOSURES

As at 31 December 2023 the company owed Mr I Bellamy, a director and shareholder, an amount of £370 through his Director's Loan Account (2022 £1,031).

During the year the joint shareholders, Mr I Bellamy and Mrs S Bellamy, received dividends of £46,000.

12. ULTIMATE CONTROLLING PARTY

Mr I Bellamy by virtue of his shareholding and directorship has joint control of the company with Mrs S Bellamy by virtue of her shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Unique Mobility Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Unique Mobility Ltd for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Unique Mobility Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Unique Mobility Ltd and state those matters that we have agreed to state to the Board of Directors of Unique Mobility Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Unique Mobility Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Unique Mobility Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Unique Mobility Ltd. You consider that Unique Mobility Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Unique Mobility Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR


16 September 2024