REGISTERED NUMBER: 07191606 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Mobility Direct (North) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N Bowlt

G Bowlt

REGISTERED OFFICE:

Unit 1c Metro Riverside

Delta Bank Road

Dunston

Gateshead

Tyne & Wear

NE11 9DJ

REGISTERED NUMBER:

07191606 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Intangible assets

4

2,745

5,490

Tangible assets

5

80,337

90,355

83,082

95,845

CURRENT ASSETS

Stocks

240,384

173,572

Debtors

6

146,659

163,721

Cash at bank

124,249

116,116

511,292

453,409

CREDITORS

Amounts falling due within one year

7

208,174

228,665

NET CURRENT ASSETS

303,118

224,744

TOTAL ASSETS LESS CURRENT LIABILITIES

386,200

320,589

PROVISIONS FOR LIABILITIES

20,084

22,589

NET ASSETS

366,116

298,000

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

366,114

297,998

SHAREHOLDERS' FUNDS

366,116

298,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 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 28 July 2025 and were signed on its behalf by:

G Bowlt - Director

N Bowlt - Director

1.	STATUTORY INFORMATION

Mobility Direct (North) 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.

The financial statements have been prepared on the going concern basis, which assume that the company will continue in operational existence for the foreseeable future, which the director considers appropriate.

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, has now been fully amortised.

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.

Improvements to property

-

25% straight line and Straight line over 5 years

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 19 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

28,300

9,500

37,800

AMORTISATION

At 1 April 2024

28,300

4,010

32,310

Amortisation for year

-

2,745

2,745

At 31 March 2025

28,300

6,755

35,055

NET BOOK VALUE

At 31 March 2025

-

2,745

2,745

At 31 March 2024

-

5,490

5,490

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

48,565

9,946

26,550

94,777

179,838

Additions

-

-

2,750

16,770

19,520

At 31 March 2025

48,565

9,946

29,300

111,547

199,358

DEPRECIATION

At 1 April 2024

21,324

5,860

15,145

47,154

89,483

Charge for year

9,713

1,089

2,638

16,098

29,538

At 31 March 2025

31,037

6,949

17,783

63,252

119,021

NET BOOK VALUE

At 31 March 2025

17,528

2,997

11,517

48,295

80,337

At 31 March 2024

27,241

4,086

11,405

47,623

90,355

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

81,440

100,405

Other debtors

65,219

63,316

146,659

163,721

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

128,949

167,865

Taxation and social security

62,025

43,815

Other creditors

17,200

16,985

208,174

228,665

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

N Bowlt

Balance outstanding at start of year

8,759

(251

)

Amounts advanced

53,054

59,010

Amounts repaid

(62,000

)

(50,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(187

)

8,759