REGISTERED NUMBER: 13293263 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ADAPTIV MOBILITY LTD

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

803

904

Tangible assets

5

52,791

16,448

53,594

17,352

Current assets

Stocks

13,894

13,944

Debtors

6

201,434

144,505

Cash at bank

77,995

39,912

293,323

198,361

Creditors

Amounts falling due within one year

7

118,302

115,830

Net current assets

175,021

82,531

Total assets less current liabilities

228,615

99,883

Provisions for liabilities

9

13,198

3,644

Net assets

215,417

96,239

Capital and reserves

Called up share capital

10

100

100

Retained earnings

215,317

96,139

Shareholders' funds

215,417

96,239

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 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.

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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 December 2025 and were signed by:

Mr J E Sims - Director

1.	Statutory information

Adaptiv Mobility Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13293263. The registered office is Faulkner House, 31 West Street, Wimborne, Dorset, BH21 1JS and business address is 24 Coombe Road, Shillingstone, Dorset, DT11 0TB.

The company name was changed at Companies House from Adaptiv Sports Ltd to Adaptiv Mobility Ltd on 7 November 2025.

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.

Turnover

Turnover represents the sale of disability adapted bikes and components of bikes, net of VAT.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued using the 'percentage of completion' method in line with FRS102 requirements.

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.

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 5 (2024 - 3 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 April 2024

and 31 March 2025

1,004

Amortisation

At 1 April 2024

100

Charge for year

101

At 31 March 2025

201

Net book value

At 31 March 2025

803

At 31 March 2024

904

5.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

24,849

703

3,766

29,318

Additions

52,206

1,335

725

54,266

Disposals

-

-

(436

)

(436

)

At 31 March 2025

77,055

2,038

4,055

83,148

Depreciation

At 1 April 2024

10,911

230

1,729

12,870

Charge for year

16,536

452

608

17,596

Eliminated on disposal

-

-

(109

)

(109

)

At 31 March 2025

27,447

682

2,228

30,357

Net book value

At 31 March 2025

49,608

1,356

1,827

52,791

At 31 March 2024

13,938

473

2,037

16,448

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

110,020

110,378

Amounts owed by group undertakings

3,773

-

Other debtors

72,492

25,641

VAT

10,936

5,430

Prepayments

4,213

3,056

201,434

144,505

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

-

3,800

Trade creditors

678

16,783

Tax

30,940

14,068

Social security and other taxes

226

1,603

Other creditors

57,997

66,086

Directors' current accounts

25,965

11,496

Accruals and deferred income

2,496

1,994

118,302

115,830

8.	Secured debts

All monies due to or to become due to Barclays Security Trustee Ltd are secured by way of a fixed and floating charge over all the assets of the company, dated 21 March 2025.

9.	Provisions for liabilities

2025

2024

£

£

Deferred tax

13,198

3,644

Deferred

tax

£

Balance at 1 April 2024

3,644

Provided during year

9,554

Balance at 31 March 2025

13,198

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	Ultimate controlling party

The Company is under the control of the Director, by virtue of their 100% holding of the issued voting share capital of the Company.