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REGISTERED NUMBER: 02905776 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Mobility World Limited

Mobility World Limited (Registered number: 02905776)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mobility World Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: P Shah





REGISTERED OFFICE: Birds Hill
Letchworth
Hertfordshire
SG6 1HX





REGISTERED NUMBER: 02905776 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

Mobility World Limited (Registered number: 02905776)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 19,154 24,385

CURRENT ASSETS
Stocks 26,730 28,230
Debtors 4 260,352 213,124
Investments 5 - 44,090
Cash at bank and in hand 237,141 403,961
524,223 689,405
CREDITORS
Amounts falling due within one year 6 246,151 376,776
NET CURRENT ASSETS 278,072 312,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,226

337,014

CREDITORS
Amounts falling due after more than one
year

7

20,000

50,000
NET ASSETS 277,226 287,014

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 276,926 286,714
SHAREHOLDERS' FUNDS 277,226 287,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 World Limited (Registered number: 02905776)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





P Shah - Director


Mobility World Limited (Registered number: 02905776)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. 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.

Significant judgements and estimates
Valuation of Investment Properties

The investment properties owned by the company have been restated to their fair value based on an assessment made by the director.

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 equipment 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 delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost
Plant and machinery - 5% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Mobility World Limited (Registered number: 02905776)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

1. ACCOUNTING POLICIES - continued
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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 126,546 221,845 348,391
DEPRECIATION
At 1 October 2023 126,546 197,460 324,006
Charge for year - 5,231 5,231
At 30 September 2024 126,546 202,691 329,237
NET BOOK VALUE
At 30 September 2024 - 19,154 19,154
At 30 September 2023 - 24,385 24,385

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,736 15,439
Other debtors 160,055 160,055
Sundry Debtors and Prepayments 2,988 6,847
Directors' current accounts 66,245 -
VAT 16,328 30,783
260,352 213,124

Mobility World Limited (Registered number: 02905776)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments - 44,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,305 30,068
Trade creditors 111,312 146,987
Tax 17,177 63,261
Sundry Creditors and Accruals 84,554 93,147
Taxation & Social Security 2,803 1,701
Directors' current accounts - 41,612
246,151 376,776

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 20,000 30,000
Bank loans - 2-5 years - 20,000
20,000 50,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 16,000 -
Between one and five years 64,000 -
80,000 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
P Shah
Balance outstanding at start of year - -
Amounts advanced 66,245 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,245 -