| Mobikats Limited |
| Notes to the Accounts |
| for the year ended 30 June 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Plant and machinery |
over 3years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 July 2018 |
7,276 |
|
At 30 June 2019 |
7,276 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2018 |
5,279 |
|
Charge for the year |
1,461 |
|
At 30 June 2019 |
6,740 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2019 |
536 |
|
At 30 June 2018 |
1,997 |
|
|
| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
22,151 |
|
8,313 |
|
Other debtors |
738 |
|
738 |
|
|
|
|
|
|
22,889 |
|
9,051 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade creditors |
9,934 |
|
10,643 |
|
Corporation tax |
10,562 |
|
7,526 |
|
Other taxes and social security costs |
1,615 |
|
4,640 |
|
Other creditors |
900 |
|
2,619 |
|
|
|
|
|
|
23,011 |
|
25,428 |
|
|
|
|
|
|
|
|
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| 6 |
Other information |
|
|
Mobikats Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Cornmill Cottage |
|
Fir Toll Road |
|
Mayfield |
|
East Sussex |
|
TN20 6NB |
