Company registration number 05108932 (England and Wales)
EDEN MOBILITY LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
EDEN MOBILITY LIMITED
COMPANY INFORMATION
Directors
William Bailey
(Appointed 11 March 2024)
Marek Laskowski
(Appointed 11 March 2024)
Andrew Torrance
(Appointed 11 March 2024)
Alvin Jagger
(Appointed 11 March 2024)
Julie Middleton
(Appointed 15 November 2024)
Company number
05108932
Registered office
16-20 High Street East
Scunthorpe
DN15 6UH
Auditor
Haigh Accountants Limited
Grange Cottage
Fulham Lane
Womersley
Doncaster
DN6 9BW
Bankers
Yorkshire Bank (part of Virgin Money)
8 Kirkgate
Leeds
LS1 6BZ
EDEN MOBILITY LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Notes to the financial statements
11 - 22
EDEN MOBILITY LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -

The directors present the strategic report for the year ended 31 January 2025.

Review of the business

Turnover for the year increased by 15.38% compared to the previous year. The results for the year and the financial position at the yearend were considered acceptable by the directors who expect the company to grow in the foreseeable future.

The directors believe that the need for age care products remains buoyant and still have further expansion planned.

Principal risks and uncertainties

In order to manage the company successfully, the strategic and management risks facing the company are regularly reviewed and updated. The directors are of the opinion that the main risk that could affect the company within the short to medium term is the current cost of living crisis, which is reducing the disposable income of a significant proportion of the population.

Risk Management:

Price Risk

The company constantly reviews both its own, its competitors and supplier cost prices together with national minimum wage requirements. The company maintains its own human resources department and uses a range of suppliers for each area of provision to ensure that market prices for purchases are achieved.

Credit Risk

The company mainly trades with consumers. The nature of the sale means that the majority of debt is settled on delivery, which assists management in mitigating its credit risk in addition to the normal credit management processes.

Liquidity risk

The company finances its operations through retained earnings from previous years. Cash assets are invested safely to ensure the funding to meet expenditure commitments is available. Management control and monitor the company's cash flow on a regular basis.

Currency Risk

The company does not actively manage currency risk.

Development and performance

The directors are focussed on delivering needs-based products that assist a growing aging and vulnerable population, aimed at helping people live independently, in comfort and with confidence. To be a national retailer of choice continues to be the driver for growth, underpinned by a strategy to obtain new outlets in excellent locations throughout the UK. This financial year saw the opening of three new stores, a roll out that is set to continue as the business looks forward.

Key performance indicators

The directors consider the key performance indicators for the company are turnover, gross profit percentage and profit before taxation. The results for the company this year show turnover of £18.8m (2024: £16.3m, gross profit of 49.67% (2024: 50.38%), and net profit before taxation £1.487m (2024: £2.469m).

Other performance indicators

The company has taken advantage of the exemption available to medium sized companies concerning non-financial key performance indicators.

EDEN MOBILITY LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
Future Developments

The company has solid growth expectations for the next financial year, one that, strategically, will be transformational in its trading history. This is driven and supported by the change in ownership of the company. Success will be dependent on product range and pricing; development of sales channels; and in strong leadership. The existing estate of 35 retail stores is set to grow as more stores are targeted to be added to the portfolio. The directors are focussed on delivering needs-based products that assist a growing aging and vulnerable population, aimed at helping people live independently, in comfort and with confidence. To be a national retailer of choice continues to be the driver for growth, underpinned by a strategy to obtain new outlets in excellent locations throughout the UK.

On behalf of the board

Julie Middleton
Director
27 October 2025
EDEN MOBILITY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 January 2025.

Principal activities

The principal activity of the company continued to be that of the sale and service of mobility products.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £2,200,000. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr D O Hughes
(Resigned 13 March 2025)
Mr K A Howe
(Resigned 13 March 2025)
William Bailey
(Appointed 11 March 2024)
Marek Laskowski
(Appointed 11 March 2024)
Andrew Torrance
(Appointed 11 March 2024)
Alvin Jagger
(Appointed 11 March 2024)
Julie Middleton
(Appointed 15 November 2024)
Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

Auditor

The auditor, Haigh Accountants Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

EDEN MOBILITY LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
Julie Middleton
Director
27 October 2025
EDEN MOBILITY LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EDEN MOBILITY LIMITED
- 5 -
Opinion

We have audited the financial statements of Eden Mobility Limited (the 'company') for the year ended 31 January 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

EDEN MOBILITY LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EDEN MOBILITY LIMITED (CONTINUED)
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations or through collusion.

By focusing on material amounts and disclosures and using a risk based approach, we have a reasonable chance of detecting material misstatements due to irregularities including fraud. However, due to the sampling method of testing, as allowed by auditing standards, we cannot guarantee that, if such irregularities, including fraud are present within the company’s financial systems, our audit will detect all of them.

Robust internal controls operated by the company can increase the detection of such irregularities, but this is not always present in small to medium sized companies that are often owner-managed.

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are those that relate to the reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations in the UK. We communicated the identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

EDEN MOBILITY LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EDEN MOBILITY LIMITED (CONTINUED)
- 7 -

Audit procedures performed by the engagement team to detect irregularities, including fraud from instances of non-compliance with laws and regulations included:

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations. As the majority of executive directors are involved in day-to-day running of the business they are in a position to exert close oversite of the management team and finance department.

- Challenging assumptions and judgements made by management in it’s significant accounting estimates that involved making assumptions.

- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or those posted by unexpected users.

- Testing transactions entered into that are outside of the normal course of Company’s business.

- Reviewing recent correspondence with the company’s legal advisors to ensure that it aligned to any conclusions drawn in respect to any outstanding or uncertain legal matters.

- Reading key correspondence from regulatory bodies.

However, the primary responsibility for the prevention and detection of fraud still rests with both those charged with governance of the entity and management.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mrs W M Haigh (Senior Statutory Auditor)
For and on behalf of Haigh Accountants Limited, Statutory Auditor
Chartered Certified Accountants
Grange Cottage
Fulham Lane
Womersley
Doncaster
DN6 9BW
28 October 2025
EDEN MOBILITY LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
18,821,842
16,313,446
Cost of sales
(9,472,223)
(8,095,436)
Gross profit
9,349,619
8,218,010
Administrative expenses
(7,905,113)
(5,785,031)
Other operating income
5,387
10,537
Operating profit
4
1,449,893
2,443,516
Interest receivable and similar income
7
40,343
26,474
Interest payable and similar expenses
8
(3,130)
-
0
Profit before taxation
1,487,106
2,469,990
Tax on profit
9
(153,279)
(634,552)
Profit for the financial year
1,333,827
1,835,438

The profit and loss account has been prepared on the basis that all operations are continuing operations.

EDEN MOBILITY LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
439,873
172,869
Current assets
Stocks
12
2,782,942
1,864,222
Debtors
13
1,818,059
2,105,982
Cash at bank and in hand
1,114,367
1,454,574
5,715,368
5,424,778
Creditors: amounts falling due within one year
15
(2,520,111)
(1,300,924)
Net current assets
3,195,257
4,123,854
Total assets less current liabilities
3,635,130
4,296,723
Provisions for liabilities
Provisions
16
121,695
118,568
Deferred tax liability
17
54,312
33,687
(176,007)
(152,255)
Net assets
3,459,123
4,144,468
Capital and reserves
Called up share capital
19
1,000
1,000
Profit and loss reserves
20
3,458,123
4,143,468
Total equity
3,459,123
4,144,468

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 27 October 2025 and are signed on its behalf by:
Julie Middleton
Director
Company registration number 05108932 (England and Wales)
EDEN MOBILITY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
- 10 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 February 2023
1,000
2,308,030
2,309,030
Year ended 31 January 2024:
Profit and total comprehensive income
-
1,835,438
1,835,438
Balance at 31 January 2024
1,000
4,143,468
4,144,468
Year ended 31 January 2025:
Profit and total comprehensive income
-
1,333,827
1,333,827
Dividends
10
-
(2,200,000)
(2,200,000)
Capital Contribution from Parent
-
180,828
180,828
Balance at 31 January 2025
1,000
3,458,123
3,459,123
EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 11 -
1
Accounting policies
Company information

Eden Mobility Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16-20 High Street East, Scunthorpe, DN15 6UH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Ensco 1521Limited. These consolidated financial statements are available from its registered office, 16 - 20 High Street East, Scunthorpe, North Lincolnshire, DN15 6UH.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 12 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% reducing balance or over the lifetime of the lease
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
4 years straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Items under £500 in value are to be expensed, unless they are part of a larger, related expenditure of over £500 which will last more than one year. If the item replaces an existing asset that is not separately identifiable on the fixed asset register then unless a significant improvement on the item that it has replaced, the cost is expensed.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 13 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 14 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 15 -
1.11
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.14
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 16 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Leases

Management exercises judgement in determining the classification of leases as finance leases or operating leases at inception of the lease. Where the lease term constitutes substantially all of the economic life of the asset, or where the present value of the minimum lease payments amounts to substantially all of the fair value of the asset, the lease is classified as a finance lease. All other leases are classified as operating leases.

Materiality

The requirements for the selection, application and disclosure of accounting policies in FRS 102 applies to items which are material, to the overall true and fair view given by the financial statements. Consequently, management must judge what is material or not. Omissions or misstatements of items are material if they could, individually or collectively, influence the economic decisions of users, taken on the basis of the financial statements. Materiality depends on the size and nature of the omission or misstatement judged in the surrounding circumstances. The size or nature of the item, or a combination of both, could be the determining factor.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Stock provisioning

The company buys and sells mobility products, some of which are subject to technological advancements. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. When calculating the stock provision, management considers the condition of the stocks, as well as applying assumptions around the demand for it's products.

3
Turnover and other revenue

An analysis of the company's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Mobility products
18,821,842
16,313,446
EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
3
Turnover and other revenue
(Continued)
- 17 -
2025
2024
£
£
Other revenue
Interest income
40,343
26,474
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
13,000
12,000
Depreciation of owned tangible fixed assets
57,084
143,675
Profit on disposal of tangible fixed assets
-
(2,503)
Operating lease charges
793,848
941,793
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Sales & distribution
82
72
Administration
41
38
Management
5
2
Total
128
112

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
4,433,863
2,786,191
Social security costs
455,913
251,495
Pension costs
77,163
49,120
4,966,939
3,086,806
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
888,050
25,491
EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
6
Directors' remuneration
(Continued)
- 18 -

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 4 (2024 - 0).

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
263,557
-
Company pension contributions to defined contribution schemes
1,211
-
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Other interest income
40,343
26,474
8
Interest payable and similar expenses
2025
2024
£
£
Other interest on financial liabilities
3
-
0
Other interest
3,127
-
0
3,130
-
0
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
132,654
650,419
Deferred tax
Origination and reversal of timing differences
20,625
(15,867)
Total tax charge
153,279
634,552
EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
9
Taxation
(Continued)
- 19 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,487,106
2,469,990
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 24.03%)
371,777
593,541
Tax effect of expenses that are not deductible in determining taxable profit
29,019
17,824
Effect of change in corporation tax rate
-
0
(616)
Group relief
(251,107)
-
0
Depreciation on assets not qualifying for tax allowances
3,590
23,656
Other permanent differences
-
0
147
Taxation charge for the year
153,279
634,552
10
Dividends
2025
2024
£
£
Interim paid
2,200,000
-
0
11
Tangible fixed assets
Leasehold improvements
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 February 2024
217,242
108,031
-
0
458,611
783,884
Additions
187,752
7,050
29,448
99,839
324,089
At 31 January 2025
404,994
115,081
29,448
558,450
1,107,973
Depreciation and impairment
At 1 February 2024
154,939
103,318
-
0
352,759
611,016
Depreciation charged in the year
17,701
2,188
3,617
33,578
57,084
At 31 January 2025
172,640
105,506
3,617
386,337
668,100
Carrying amount
At 31 January 2025
232,354
9,575
25,831
172,113
439,873
At 31 January 2024
62,303
4,714
-
0
105,852
172,869
EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
11
Tangible fixed assets
(Continued)
- 20 -
12
Stocks
2025
2024
£
£
Finished goods and goods for resale
2,782,942
1,864,222
13
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
386,732
332,497
Corporation tax recoverable
245,120
-
0
Amounts owed by group undertakings
647,504
1,600,000
Other debtors
196,485
37,149
Prepayments and accrued income
342,218
136,336
1,818,059
2,105,982

14
Security

On the 11th March 2024 a legal mortgage charge was placed over all of the company's freehold and lease hold properties.

On the same dates two separate fixed and floating charges were placed over the property and undertaking of the company with a negative pledge.

15
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,610,659
947,693
Corporation tax
-
0
104,803
Other taxation and social security
100,026
52,821
Other creditors
54,815
38,096
Accruals and deferred income
754,611
157,511
2,520,111
1,300,924
EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 21 -
16
Provisions for liabilities
2025
2024
£
£
Dilapidations
121,695
118,568
Movements on provisions:
Dilapidations
£
At 1 February 2024
118,568
Additional provisions in the year
3,127
At 31 January 2025
121,695
17
Deferred taxation
Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
60,415
34,665
Retirement benefit obligations
(6,103)
(978)
54,312
33,687
2025
Movements in the year:
£
Liability at 1 February 2024
33,687
Charge to profit or loss
20,625
Liability at 31 January 2025
54,312
18
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
77,163
49,120

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

EDEN MOBILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 22 -
19
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000
1,000
1,000

The company has one class of ordinary shares which carry no right to fixed income.

20
Profit and loss reserves

A capital contribution of £180,828 was received from the ultimate parent company Ensco 1521 Limited to fund bonus payments to employees of Eden Mobility Ltd. These bonuses formed part of the consideration paid by Ensco 1521 Ltd in connection with its acquisition of the entire share capital of Eden Healthwise Ltd, the immediate parent of Eden Mobility Ltd.

21
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within 1 year
771,028
728,548
Years 2-5
2,386,378
2,286,984
After 5 years
1,719,611
1,965,214
4,877,017
4,980,746
22
Events after the reporting date

After the yearend a dividend of £NIL (2024: £2.2 million) was declared.

A further nine stores were opened by the signing date.

23
Directors' transactions

At the end of the year £NIL (2024: £2,138) was owed to a company director. Also at the end of the year a director owed the company £NIL (2024: £7,601)

24
Ultimate controlling party

The ultimate controlling party at the balance sheet date is Ensco 1521 Limited which is owned by funds managed by the Foresight Group.

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