Mobiess Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07017022 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2018

for

MOBIESS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mrs M Horner

Mr K Horner

Mr R Pooley

Ms N Hircock

Mr M Beliy

Registered office:

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Registered number:

07017022 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Tangible assets

4

6,991

4,247

Investments

5

-

-

6,991

4,247

Current assets

Debtors

6

48,759

33,384

Cash at bank

24,868

21,331

73,627

54,715

Creditors

Amounts falling due within one year

7

27,142

24,073

Net current assets

46,485

30,642

Total assets less current liabilities

53,476

34,889

Provisions for liabilities

8

1,328

838

Net assets

52,148

34,051

Capital and reserves

Called up share capital

9

100

100

Retained earnings

52,048

33,951

Shareholders' funds

52,148

34,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 16 June 2019 and were signed on its behalf by:

Mr K Horner - Director

1.	Statutory information

Mobiess Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires

management to make estimates and judgement that affect the reported amounts of assets and liabilities as well

as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of

revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out

by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as

possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out

by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as

possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is

carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are

as accurate as possible, there remains a risk that the provisions do not match the level of debts which

ultimately prove to be uncollectable.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Office equipment

-

33% on cost

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a

party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial

recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the

effective interest rate method. A provision is established when there is objective evidence that the company will

not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank

and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the

substance of the contractual arrangements entered into and the definitions of a financial liability and an equity

instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company

after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds

received, net of direct issue costs.

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 4 (2017 - 3 ) .

4.	Tangible fixed assets

Office

equipment

£

Cost

At 1 October 2017

15,655

Additions

5,061

At 30 September 2018

20,716

Depreciation

At 1 October 2017

11,408

Charge for year

2,317

At 30 September 2018

13,725

Net book value

At 30 September 2018

6,991

At 30 September 2017

4,247

5.	Fixed asset investments

Other

investments

£

Cost

At 1 October 2017

and 30 September 2018

4,000

Provisions

At 1 October 2017

and 30 September 2018

4,000

Net book value

At 30 September 2018

-

At 30 September 2017

-

6.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

47,454

28,122

Other debtors

1,305

5,262

48,759

33,384

7.

Creditors: amounts falling due within one year

2018

2017

£

£

Taxation and social security

1,038

2,203

Other creditors

26,104

21,870

27,142

24,073

8.	Provisions for liabilities

2018

2017

£

£

Deferred tax

1,328

838

Deferred tax

£

Balance at 1 October 2017

838

Provided during year

490

Balance at 30 September 2018

1,328

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 September 2018 and

30 September 2017:

2018

2017

£

£

Mrs M Horner

Balance outstanding at start of year

25

25

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25

25

Mr K Horner

Balance outstanding at start of year

25

25

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25

25

Mr R Pooley

Balance outstanding at start of year

25

25

Amounts advanced

9,500

-

Amounts repaid

(9,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

525

25

Ms N Hircock

Balance outstanding at start of year

25

25

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25

25

11.	Related party disclosures

During the year the company paid for goods and services worth £58,100 (2017 - £84,000) provided by Critical

Path Project Management Limited, a company in which Mr K Horner and Mrs M Horner have a material

interest.

During the year the company paid for goods and services worth £29,000 (2017 - £27,250) provided by Web

Methods Limited, a company in which Mr R Pooley and Ms N Hircock have a material interest.