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Registered number: 14085750
Southampton Mobility Ltd
Financial Statements
For The Year Ended 31 August 2024
Deans
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 14085750
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,044 3,518
Tangible Assets 5 109,617 103,780
120,661 107,298
CURRENT ASSETS
Stocks 311,098 274,127
Debtors 6 44,682 88,062
Cash at bank and in hand 34,652 8,413
390,432 370,602
Creditors: Amounts Falling Due Within One Year 7 (425,246 ) (437,250 )
NET CURRENT ASSETS (LIABILITIES) (34,814 ) (66,648 )
TOTAL ASSETS LESS CURRENT LIABILITIES 85,847 40,650
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,404 ) -
NET ASSETS 58,443 40,650
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 58,243 40,450
SHAREHOLDERS' FUNDS 58,443 40,650
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr. N D Cox
Director
14 May 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Southampton Mobility Ltd is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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 are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Sale of goods
Turnover from the sale of mobility aids 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years. 
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
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. 
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 20% on cost
Motor Vehicles Straight line over 10 years
Fixtures & Fittings Straight line over 5 years
Computer Equipment 20% on cost
2.6. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. 
2.7. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
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2.8. 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.
2.9. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. 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. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 12)
15 12
4. Intangible Assets
Goodwill Software Total
£ £ £
Cost
As at 1 September 2023 7,334 - 7,334
Additions - 8,993 8,993
As at 31 August 2024 7,334 8,993 16,327
Amortisation
As at 1 September 2023 3,816 - 3,816
Provided during the period 1,467 - 1,467
As at 31 August 2024 5,283 - 5,283
Net Book Value
As at 31 August 2024 2,051 8,993 11,044
As at 1 September 2023 3,518 - 3,518
Page 3
Page 4
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 642 71,471 41,916 7,067 121,096
Additions - 12,990 - 16,166 29,156
As at 31 August 2024 642 84,461 41,916 23,233 150,252
Depreciation
As at 1 September 2023 386 10,476 2,668 3,786 17,316
Provided during the period 256 11,196 8,383 3,484 23,319
As at 31 August 2024 642 21,672 11,051 7,270 40,635
Net Book Value
As at 31 August 2024 - 62,789 30,865 15,963 109,617
As at 1 September 2023 256 60,995 39,248 3,281 103,780
6. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Trade debtors 195 -
Prepayments and accrued income 6,096 6,110
Other debtors 9,524 13,275
VAT 28,867 68,677
44,682 88,062
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors 237,148 171,225
Corporation tax 35,648 38,403
Other taxes and social security 8,812 8,509
Other creditors 32,062 46,643
Pension liability 1,764 1,747
Accruals and deferred income 15,653 11,603
Amounts owed to group undertakings 94,159 159,120
425,246 437,250
Loans from group undertakings are interest free and are repayable on demand. 
8. Share Capital
31 August 2024 31 August 2023
Allotted, called up and fully paid £ £
200 Ordinary Shares of £ 1.00 each 200 200
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Page 5
9. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £631,500 (2023: £704,500).
10. Parent company
The parent company with a controlling interest is Ableworld (UK) Limited. Registered office address and principle place of business, Ableworld Alpha Buildings, Stapeley Technology Park, London Road, Nantwich, Cheshire, CW5 7JW.
11. Audit Information
The auditor's report on the accounts of Southampton Mobility Ltd for the year ended 31 August 2024 was unqualified.
The auditor's report was signed by Richard Stonier (Senior Statutory Auditor) for and on behalf of Deans , Statutory Auditor.
Deans
Gibson House
Hurricane Court, Hurricane Close
Stafford
ST16 1GZ
Page 5