REGISTERED NUMBER: 13459194 (England and Wales)

SITTING PRETTY BY PRIDE MOBILITY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S Meuser

Mr T L Murphy

Mr S P Wright

REGISTERED OFFICE:

32 Wedgwood Road

Bicester

Oxfordshire

OX26 4UL

REGISTERED NUMBER:

13459194 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ashley Painter ACA FCCA MAAT

AUDITORS:

Blencowes

Chartered Accountants & Statutory Auditors

15 High Street

Brackley

Northamptonshire

NN13 7DH

FIXED ASSETS

Intangible assets

4

26,551

30,367

Tangible assets

5

259,492

401,974

286,043

432,341

CURRENT ASSETS

Stocks

6

1,905,179

1,871,500

Debtors

7

1,171,695

1,529,940

Cash at bank and in hand

196,624

264,134

3,273,498

3,665,574

CREDITORS

Amounts falling due within one year

8

1,862,513

2,482,973

NET CURRENT ASSETS

1,410,985

1,182,601

TOTAL ASSETS LESS CURRENT LIABILITIES

1,697,028

1,614,942

PROVISIONS FOR LIABILITIES

9

20,815

37,096

NET ASSETS

1,676,213

1,577,846

CAPITAL AND RESERVES

Called up share capital

10

1

1

Share premium

1,045,000

1,045,000

Retained earnings

631,212

532,845

SHAREHOLDERS' FUNDS

1,676,213

1,577,846

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 23 September 2025 and were signed on its behalf by:

Mr S Meuser - Director

1.	STATUTORY INFORMATION

Sitting Pretty By Pride 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.	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.

Preparation of consolidated financial statements

The company is a subsidiary and exempt from the requirement to prepare group financial statements by virtue of S401 of the Companies Act 2006. These financial statements, therefore, present information about the company as an individual undertaking and not about it's group.

The exemption applies as the company undertakings are included in the group consolidated financial statements of its ultimate parent, Pride Mobility Products Inc. These are available to view at 182 Susquehanna Avenue, Exeter, Pennsylvania 18643, USA.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Judgements and key sources of estimation uncertainty

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

The company depreciates tangible assets over their estimated useful lives. The estimation of the useful lives of assets is based on historic performance as well as expectations about the future use and therefore requires estimates and assumptions to be applied by directors and management. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance.

Judgment is applied by management when determining the residual values for plant, machinery and equipment. When determining the residual value, directors aim to assess the amount that the company would currently obtain for the disposal of the asset, if it were already in the condition expected at the end of its useful economic life. Where possible this is done with reference to external market prices.

Management undertake regular review of outstanding trade receivables and apply judgement in respect of trade receivables exceeding agreed payment terms to determine adjustment for bad debt provision.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duties. Revenue from the sale of goods and services is recognised when the significant risk and rewards of ownership of the goods and services have passed to the buyer, which is usually on dispatch of the goods and delivery of services.

When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

Intangible assets

Intangible assets are initially recognised at cost and represent intellectual property. After recognition under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provide on the following basis:

Intellectual property - 10 years straight line basis

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property and land

-

Straight line over 40 years

Improvement to leasehold prope ty

-

Straight line over 5 years

Plant and machinery

-

Straight line basis over 3 year period

Fixtures and fittings

-

Straight line basis over 3 year period

Motor vehicles

-

Straight line basis over 3 year period

Computer equipment

-

Straight line basis over 3 year period

Inventories

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 taxation

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

The financial statements have been prepared on the going concern basis. The Directors have reviewed the company's financial position, performance and future development and believe the company has adequate resources to continue in operational existence for the foreseeable future. Details of this review are set out in the Directors' report.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 92 (2023 - 102 ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

property

£

COST

At 1 January 2024

and 31 December 2024

39,750

AMORTISATION

At 1 January 2024

9,383

Amortisation for year

3,816

At 31 December 2024

13,199

NET BOOK VALUE

At 31 December 2024

26,551

At 31 December 2023

30,367

5.	TANGIBLE FIXED ASSETS

Improvement

Freehold

to

property

leasehold

Plant and

and land

prope ty

machinery

£

£

£

COST

At 1 January 2024

51,784

156,275

152,630

Additions

-

-

1,850

At 31 December 2024

51,784

156,275

154,480

DEPRECIATION

At 1 January 2024

1,327

-

89,457

Charge for year

1,295

31,255

40,437

At 31 December 2024

2,622

31,255

129,894

NET BOOK VALUE

At 31 December 2024

49,162

125,020

24,586

At 31 December 2023

50,457

156,275

63,173

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

140,749

143,285

4,859

649,582

Additions

2,524

2,500

689

7,563

At 31 December 2024

143,273

145,785

5,548

657,145

DEPRECIATION

At 1 January 2024

66,587

87,953

2,284

247,608

Charge for year

41,033

34,271

1,754

150,045

At 31 December 2024

107,620

122,224

4,038

397,653

NET BOOK VALUE

At 31 December 2024

35,653

23,561

1,510

259,492

At 31 December 2023

74,162

55,332

2,575

401,974

6.

STOCKS

2024

2023

£

£

Stocks

1,905,179

1,871,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

837,107

1,331,486

Amounts owed by group undertakings

62,529

3,587

Other debtors

1,148

108

Deferred tax asset

-

14,525

Prepayments and accrued income

270,911

180,234

1,171,695

1,529,940

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

253,517

838,106

Amounts owed to group undertakings

1,218,744

1,328,822

Tax

37,922

-

Social security and other taxes

52,870

54,301

VAT

118,186

123,464

Other creditors

49

9,155

Accrued expenses

181,225

129,125

1,862,513

2,482,973

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

20,815

37,096

Deferred

tax

£

Balance at 1 January 2024

37,096

Credit to Income Statement during year

(16,281

)

Balance at 31 December 2024

20,815

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary shares

£1

1

1

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashley Painter ACA FCCA MAAT (Senior Statutory Auditor)

for and on behalf of Blencowes

12.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary undertaking of a parent undertaking. Therefore, the company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with its parent undertaking or wholly owned subsidiaries within the group.

There are no other related party transactions that require disclosure.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Pride Mobility Products Limited.

The ultimate controlling party is Pride Mobility Products Inc(Incorporated in USA).

In the directors' opinion, the company's ultimate parent undertaking and controlling party is Pride Mobility Products Inc., a company incorporated in the United States of America. Copies of its group financial statements, which include the company, are available from: 182 Susquehanna Avenue, Exeter, Pennsylvania 18643, USA.