/https://files-crowdcube-com.s3.amazonaws.com/opportunity_images/202109/d3b0a3a17469ce0876222a9bc225c194.png "Freedom One Life")
/https://files-crowdcube-com.s3.amazonaws.com/files/pitch_pics/original/202109/28f56312b0a44da561c6b0202711e2e1.png "Freedom One Life")
Freedom One Life drive innovation in what we believe is an outdated powered wheelchair market set to be worth over £9bn in 2027. 3 years of R&D, 20,000km of real-world testing and test drives that leave huge smiles on people’s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% |