Freedom One Life drive innovation in what we believe is an outdated powered wheelchair market set to be worth over £9bn in 2027. 3 years of R&D, 20,000km of real-world testing and test drives that leave huge smiles on people’s faces means that the industry-leading Series 5 powerchair is ready for commercial launch.

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Financial data drawn from last filed accounts don't necessarily reflect current trading activity. Financials provided by Company Check.

Accounts

2014 2015 2016 2017 2018 2019 2020
Turnover - - - - - - -
Cash £3.79k £48.38k £34.6k £18.77k £119.37k £10.36k £39.29k
Increase in Cash - - - - - - -

Profit & Loss

2014 2015 2016 2017 2018 2019 2020
Audit Fees £0 £0 £0 £0 £0 £0 £0
Cost of Sales - - - - - - -
Depreciation £90 £89 £294 £582 £777 £11.05k £435
Directors Emoluments - - - - - - -
Dividends - - - - - - -
Export - - - - - - -
Gross Profit - - - - - - -
Interest Payments - - - - - - -
Operating Profit - - - - - - -
Pretax Profit - - - - - - -
Profit after Tax - - - - - - -
Retained Profit - - - - - - -
Taxation - - - - - - -
Turnover - - - - - - -
Wages & Salaries - - - - - - -

Balance Sheet

2014 2015 2016 2017 2018 2019 2020
Intangible Assets £8.62k £28.18k £103.33k £115.07k £127.48k £183.04k £151.13k
Bank Loans & Overdrafts £0 £0 £0 £0 £0 £0 £0
Cash £3.79k £48.38k £34.6k £18.77k £119.37k £10.36k £39.29k
Miscellaneous Current Assets £0 £0 £0 £719 £1.41k £0 £0
Miscellaneous Current Liabilities £0 £0 £6.96k £8.93k £7.9k £17.84k £9.2k
Other Debtors £0 £0 £1.79k £710 £3.64k £0 £0
Other Long Term Finance £0 £0 £48.85k £36.85k £29.03k £22.97k £47.53k
Other Short Term Finance £0 £0 £13.7k £44.98k £40.34k £16k £1.2k
Stock £0 £0 £0 £0 £0 £0 £0
Tangible Accounts £180 £91 £850 £5.46k £10.2k £30.6k £22.54k
Total Current Assets £5.03k £48.38k £50.36k £20.2k £124.41k £24.86k £40.57k
Total Current Liabilities £12.58k £31.82k £20.65k £53.9k £48.24k £61.21k £10.4k
Total Fixed Assets £8.8k £28.27k £104.18k £120.52k £137.68k £213.64k £173.67k
Total Long Term Finance £0 £35.29k £48.87k £37.04k £29.18k £23.12k £51.81k
Trade Creditors £12.58k £31.82k £0 £0 £0 £27.37k £0
Trade Debtors £1.24k £0 £13.97k £0 £3 £0 £38

Capital & Reserves

2014 2015 2016 2017 2018 2019 2020
Profit & Loss Account Reserve £1.24k £9.54k £45.01k £19.78k £-117.32k £-358.28k £-435.41k
Called up share capital £1 £10 £10 £10 £14 £15 £15
Revaluation Reserve £0 £0 £0 £0 £0 £0 £0
Shareholder Funds £1.24k £9.55k £85.02k £49.79k £184.67k £154.17k £152.04k
Sundry Reserves £0 £0 £40k £30k £301.98k £10k £0

Cash

2014 2015 2016 2017 2018 2019 2020
Increase in Cash - - - - - - -
Net Cash Flow Before Financing £0 £0 £0 £0 £0 £0 £0
Net Cash Flow From Financing - - - - - - -
Net Cash Flow From Operations - - - - - - -

Other Financials

2014 2015 2016 2017 2018 2019 2020
Net Assets £1.24k £9.55k £85.02k £49.79k £184.67k £154.17k £152.04k
Net Worth £-7.37k £-18.63k £-18.31k £-65.28k £57.19k £-28.87k £906
Total Assets £13.83k £76.65k £154.54k £140.73k £262.09k £238.49k £214.25k
Total Liabilities £12.58k £67.1k £69.52k £90.94k £77.42k £84.32k £62.21k
Working Capital £-7.55k £16.56k £29.71k £-33.7k £76.17k £-36.35k £30.18k

Ratios

2014 2015 2016 2017 2018 2019 2020
Creditor Days 0% 0% 0% 0% 0% 0% 0%
Current Debt Ratio 10.13% 3.33% 0.24% 1.08% 0.26% 0.39% 0.06%
Current Ratio 0.4% 1.52% 2.44% 0.37% 2.58% 0.41% 3.9%
Debtor Days 0% 0% 0% 0% 0% 0% 0%
Equity In Percentage 23.8% 19.7% 166% 194% 137.2% 278% 240.9%
Gearing 0% 369.4% 57.5% 74.4% 15.8% 15% 34.1%
Liquidity Ratio Or Acid Test 0.39% 1.52% 2.43% 0.37% 2.57% 0.4% 3.9%
Pre Tax Profit Margin 0% 0% 0% 0% 0% 0% 0%
Return On Capital Employed 0% 0% 0% 0% 0% 0% 0%
Return On Net Assets Employed 0% 0% 0% 0% 0% 0% 0%
Return On Total Assets Employed 0% 0% 0% 0% 0% 0% 0%
Sales Or Net Working Capital 0% 0% 0% 0% 0% 0% 0%
Stock Turnover Ratio 0% 0% 0% 0% 0% 0% 0%
Total Debt Ratio 10.13% 7.02% 0.81% 1.82% 0.41% 0.54% 0.4%