Company Registration No. 09003938 (England and Wales)
Cleethorpes Mobility Centre Limited
Unaudited accounts
for the year ended 31 August 2024
Cleethorpes Mobility Centre Limited
Unaudited accounts
Contents
Cleethorpes Mobility Centre Limited
Company Information
for the year ended 31 August 2024
Directors
Nailesh Ganatra
Sophie Christodoulou
Company Number
09003938 (England and Wales)
Registered Office
Cleethorpes Mobilty Centre Ltd
271-275 Grimsby Road
Cleethorpes
N E Lincs
DN35 7HE
England
Accountants
LRCA Limited
McCue House
70 Wilton Road
Grimsby
N E Lincs
DN36 4AW
Cleethorpes Mobility Centre Limited
Statement of financial position
as at 31 August 2024
Tangible assets
44,739
55,665
Inventories
109,330
103,672
Cash at bank and in hand
85,601
85,070
Creditors: amounts falling due within one year
(108,931)
(104,929)
Net current assets
138,741
143,084
Total assets less current liabilities
183,480
198,749
Creditors: amounts falling due after more than one year
(18,326)
(26,632)
Provisions for liabilities
Deferred tax
(7,856)
(10,217)
Net assets
157,298
161,900
Called up share capital
100
100
Profit and loss account
157,198
161,800
Shareholders' funds
157,298
161,900
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by
Nailesh Ganatra
Director
Company Registration No. 09003938
Cleethorpes Mobility Centre Limited
Notes to the Accounts
for the year ended 31 August 2024
Cleethorpes Mobility Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 09003938. The registered office is Cleethorpes Mobilty Centre Ltd, 271-275 Grimsby Road, Cleethorpes, N E Lincs, DN35 7HE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
11 below.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Reducing Balance
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
33% Reducing Balance
Computer equipment
33% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cleethorpes Mobility Centre Limited
Notes to the Accounts
for the year ended 31 August 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 September 2023
18,308
12,254
29,890
23,256
-
83,708
Additions
-
1,200
-
-
424
1,624
At 31 August 2024
18,308
13,454
29,890
23,256
424
85,332
At 1 September 2023
3,512
4,898
6,457
13,176
-
28,043
Charge for the year
1,480
1,711
5,858
3,360
141
12,550
At 31 August 2024
4,992
6,609
12,315
16,536
141
40,593
At 31 August 2024
13,316
6,845
17,575
6,720
283
44,739
At 31 August 2023
14,796
7,356
23,433
10,080
-
55,665
Amounts falling due within one year
Trade debtors
17,643
8,769
Accrued income and prepayments
3,000
3,000
Cleethorpes Mobility Centre Limited
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,364
3,095
Obligations under finance leases and hire purchase contracts
4,678
4,678
Trade creditors
78,103
72,551
Taxes and social security
20,959
12,852
Loans from directors
502
-
Hire purchase agreements are secured against the assets to which they relate.
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
10,525
15,203
Hire purchase agreements are secured against the assets to which they relate.
8
Deferred taxation
2024
2023
Accelerated capital allowances
7,856
10,217
Provision at start of year
10,217
5,472
(Credited)/charged to the profit and loss account
(2,361)
4,745
Provision at end of year
7,856
10,217
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free and repayable on demand
24,100
64,850
89,452
(502)
24,100
64,850
89,452
(502)
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).
Cleethorpes Mobility Centre Limited
Notes to the Accounts
for the year ended 31 August 2024
11
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 September 2022
31 August 2023
Capital and reserves (as previously stated)
195,145
166,645
Deferred Tax
(5,472)
(4,745)
Capital and reserves (as restated)
189,673
161,900
Reconciliation of profit or loss for the year
31 August 2023
Profit for the year (as previously stated)
61,972
Profit for the year (as restated)
57,227