Company No: 04212160 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Craig Jeffs (Appointed 25 March 2025)
	Miles Pierce (Appointed 25 March 2025)
	Philip Anthony Purdie

REGISTERED OFFICE	Eagle House
	28 Billing Road
	Northampton
	NN1 5AJ
	United Kingdom

COMPANY NUMBER

04212160 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Eagle House
	28 Billing Road
	Northampton
	NN1 5AJ

BANKERS	National Westminster Bank Plc
	41 The Drapery
	Northampton
	NN1 2EY

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	45,203		36,757
		45,203		36,757
Current assets
Stocks	5	90,500		79,400
Debtors	6	87,008		56,623
Cash at bank and in hand		225,037		241,833
		402,545		377,856
Creditors: amounts falling due within one year	7	( 249,367)		( 279,335)
Net current assets		153,178		98,521
Total assets less current liabilities		198,381		135,278
Creditors: amounts falling due after more than one year	8	0		( 10,809)
Provision for liabilities		( 10,725)		( 8,600)
Net assets		187,656		115,869
Capital and reserves
Called-up share capital	9	2		2
Capital redemption reserve		1		1
Profit and loss account		187,653		115,866
Total shareholders' funds		187,656		115,869

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Shire Mobility Limited (registered number: 04212160) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

Philip Anthony Purdie Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Shire Mobility Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Eagle House, 28 Billing Road, Northampton, NN1 5AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

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 statement of comprehensive income under administrative expenses.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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 Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

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 the profit and loss in the period to which they relate.

Employee Ownership Trust

The company established the Shire Mobility EOT Trustees Ltd with the objective of ensuring that the shares are held by the Trustees for the benefit of the company's employees and for those employees to have an interest in the company's business, a voice in its operations and a share in its profits.

The distributions made by the company to the Trust enable the Trust to meet its obligations and are treated as payments directly through the Statement of Changes in Equity.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	13		19

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 June 2024	1,460		108,434		6,861		5,715		122,470
Additions	0		20,790		0		1,324		22,114
At 31 May 2025	1,460		129,224		6,861		7,039		144,584
Accumulated depreciation
At 01 June 2024	984		76,643		3,971		4,115		85,713
Charge for the financial year	119		12,279		722		548		13,668
At 31 May 2025	1,103		88,922		4,693		4,663		99,381
Net book value
At 31 May 2025	357		40,302		2,168		2,376		45,203
At 31 May 2024	476		31,791		2,890		1,600		36,757

5. Stocks

	2025		2024
	£		£
Stocks	90,500		79,400

6. Debtors

	2025		2024
	£		£
Trade debtors	16,235		19,245
Prepayments	19,688		12,675
VAT recoverable	41,085		14,703
Other debtors	10,000		10,000
	87,008		56,623

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	11,288		10,648
Trade creditors	124,489		144,200
Amounts owed to directors	6,204		21,421
Accruals	24,370		21,753
Corporation tax	54,359		43,142
Other taxation and social security	4,862		4,659
Other creditors	23,795		33,512
	249,367		279,335

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		10,809

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	40,000		40,000
between one and five years	160,000		120,000
after five years	0		33,333
Total future minimum lease payments under non-cancellable operating leases	200,000		193,333

11. Related party transactions

Distributions totalling £100,000 (2024:£335,500) were paid in the year to the company's controlling party, Shire Mobility EOT Trustees Ltd.