REGISTERED NUMBER: 07289763 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Period 1 October 2023 to 31 March 2025

for

Specialist Mobility Limited

Page

Report of the Directors

1

Balance Sheet

2

Notes to the Financial Statements

4

The directors present their report with the financial statements of the company for the period 1 October 2023 to 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of online retailing of mobility products.

REVIEW OF BUSINESS

The company is a subsidiary within the Phipps and Attwell Ltd group.

Due to a restructure following the cessation of trade of another subsidiary, Easier To Ltd, Specialist Mobility Ltd has reported negative reserves for the current year.

The group as a whole still present substantial reserves whilst Specialist Mobility Ltd itself continues to trade profitably and will return to a positive balance sheet position in the 2026 financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Mrs J Phipps

Mr A F Attwell

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs J Phipps - Director

10 December 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

104,991

101,475

104,991

101,475

CURRENT ASSETS

Stocks

141,500

380,000

Debtors

6

52,617

643

Cash at bank

53,483

103,101

247,600

483,744

CREDITORS

Amounts falling due within one year

7

(81,367

)

(399,827

)

NET CURRENT ASSETS

166,233

83,917

TOTAL ASSETS LESS CURRENT LIABILITIES

271,224

185,392

CREDITORS

Amounts falling due after more than one year

8

(430,804

)

(17,340

)

PROVISIONS FOR LIABILITIES

(13,688

)

(17,850

)

NET (LIABILITIES)/ASSETS

(173,268

)

150,202

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(173,270

)

150,200

SHAREHOLDERS' FUNDS

(173,268

)

150,202

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Mrs J Phipps - Director

1.	STATUTORY INFORMATION

Specialist Mobility Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07289763

Registered office:

The Mill

Gertrude Street

Off Hacking Street

Nelson

Lancashire

BB9 8RS

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.

Despite the negative reserves in the subsidiary, the company is supported by the Phipps and Attwell Ltd group, which continues to show a positive reserves position overall. The accounts have therefore been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

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.

Website are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

10% on cost

Office equipment

-

25% on cost

Stocks

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

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 period was 7 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1 October 2023

and 31 March 2025

39,804

AMORTISATION

At 1 October 2023

and 31 March 2025

39,804

NET BOOK VALUE

At 31 March 2025

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2023

31,154

115,990

24,061

171,205

Additions

-

23,250

-

23,250

At 31 March 2025

31,154

139,240

24,061

194,455

DEPRECIATION

At 1 October 2023

29,866

18,573

21,291

69,730

Charge for period

1,288

16,836

1,610

19,734

At 31 March 2025

31,154

35,409

22,901

89,464

NET BOOK VALUE

At 31 March 2025

-

103,831

1,160

104,991

At 30 September 2023

1,288

97,417

2,770

101,475

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.9.23

£

£

Trade debtors

32,812

282

Amounts owed by group undertakings

-

2

Other debtors

19,805

359

52,617

643

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.9.23

£

£

Bank loans and overdrafts

10,468

10,085

Trade creditors

38,268

188,180

Amounts owed to group undertakings

28,185

95,458

Taxation and social security

131

81,364

Other creditors

4,315

24,740

81,367

399,827

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

30.9.23

£

£

Bank loans

1,744

17,340

Amounts owed to group undertakings

429,060

-

430,804

17,340

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

30.9.23

£

£

Bank loans

12,212

27,425

Bank loans and overdrafts are secured by way of a debenture in favour of the National Westminster Bank Plc over all the assets of the company.