REGISTERED NUMBER: 07167572 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

WHEELCHAIR CARS LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

Mr P Mundy

Ms J Quinn

SECRETARY:

Ms J Quinn

REGISTERED OFFICE:

Britannic House

657 Liverpool Road

Irlam

Manchester

M44 5XD

BUSINESS ADDRESS:

Jack Lemmon Garden Sheds

Richmond Works

Legh Street

Eccles

Greater Manchester

M30 0UT

REGISTERED NUMBER:

07167572 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of sale and lease of disability adapted vehicles.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 April 2025 to the date of this report.

The directors shown below were in office at 31 March 2026 but did not hold any interest in the Ordinary shares of £1.00 each at 1 April 2025 or 31 March 2026.

Mr P Mundy

Ms J Quinn

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:

Mr P Mundy - Director

24 September 2026

FIXED ASSETS

Intangible assets

4

207,641

252,095

Property, plant and equipment

5

82,470

117,897

290,111

369,992

CURRENT ASSETS

Inventories

532,308

703,952

Debtors

6

268,687

47,535

Cash at bank and in hand

240,646

139,744

1,041,641

891,231

CREDITORS

Amounts falling due within one year

7

(394,931

)

(306,384

)

NET CURRENT ASSETS

646,710

584,847

TOTAL ASSETS LESS CURRENT LIABILITIES

936,821

954,839

PROVISIONS FOR LIABILITIES

(28,514

)

(46,640

)

NET ASSETS

908,307

908,199

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

9

34,752

68,092

Retained earnings

873,553

840,105

SHAREHOLDERS' FUNDS

908,307

908,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2026 and were signed on its behalf by:

Mr P Mundy - Director

Ms J Quinn - Director

1.	STATUTORY INFORMATION

Wheelchair Cars Limited 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.

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 as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Included in intangible assets is a cryptocurrency holding. The currency has an active market and is recorded at the market value at the end of the financial period.

Tangible fixed assets

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

Short leasehold

-

25% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

Taxation

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

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 year was 3 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Intangible

asset

£

COST OR VALUATION

At 1 April 2025

252,095

Revaluations

(44,454

)

At 31 March 2026

207,641

NET BOOK VALUE

At 31 March 2026

207,641

At 31 March 2025

252,095

Cost or valuation at 31 March 2026 is represented by:

Intangible

asset

£

Valuation in 2023

14,446

Valuation in 2024

201,911

Valuation in 2025

(125,568

)

Valuation in 2026

(44,454

)

Cost

161,306

207,641

5.	PROPERTY, PLANT AND EQUIPMENT

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

108,840

1,218

78,793

1,114

189,965

Additions

-

-

-

794

794

At 31 March 2026

108,840

1,218

78,793

1,908

190,759

DEPRECIATION

At 1 April 2025

36,546

304

34,472

746

72,068

Charge for year

24,435

229

11,080

477

36,221

At 31 March 2026

60,981

533

45,552

1,223

108,289

NET BOOK VALUE

At 31 March 2026

47,859

685

33,241

685

82,470

At 31 March 2025

72,294

914

44,321

368

117,897

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

268,687

47,535

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

2,791

711

Amounts owed to group undertakings

306,100

242,500

Taxation and social security

68,556

55,614

Other creditors

17,484

7,559

394,931

306,384

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

26,000

26,000

9.

RESERVES

Fair

value

reserve

£

At 1 April 2025

68,092

Unlisted asset revaluation

(33,340

)

At 31 March 2026

34,752

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Mr P Mundy

Balance outstanding at start of year

9,823

9,952

Amounts advanced

121,421

-

Amounts repaid

-

(129

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

131,244

9,823

Ms J Quinn

Balance outstanding at start of year

9,823

9,952

Amounts advanced

121,421

-

Amounts repaid

-

(129

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

131,244

9,823

The loans to directors were repaid in full within 9 months of the year end.

11.	ULTIMATE CONTROLLING PARTY

The company was under the control of PM and JQ Holdings Ltd