Mobile Health Systems (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03520161 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

MOBILE HEALTH SYSTEMS (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A H B Dalby TD, FCA

SECRETARY:

A H B Dalby TD, FCA

REGISTERED OFFICE:

Suite B

King Business Centre

Reeds Lane

Sayers Common

West Sussex

BN6 9LS

REGISTERED NUMBER:

03520161 (England and Wales)

ACCOUNTANTS:

Sykes Dalby & Truelove Limited

Chartered Accountants

Suite B

King Business Centre

Reeds Lane

Sayers Common

West Sussex

BN6 9LS

FIXED ASSETS

Tangible assets

4

103,832

161,187

CURRENT ASSETS

Stocks

10,000

23,880

Debtors

5

334,100

573,172

Cash at bank

73,989

9,503

418,089

606,555

CREDITORS

Amounts falling due within one year

6

191,840

224,920

NET CURRENT ASSETS

226,249

381,635

TOTAL ASSETS LESS CURRENT LIABILITIES

330,081

542,822

CREDITORS

Amounts falling due after more than one year

7

(60,830

)

(97,027

)

PROVISIONS FOR LIABILITIES

(7,450

)

(16,242

)

NET ASSETS

261,801

429,553

CAPITAL AND RESERVES

Called up share capital

8

3,000

3,000

Capital redemption reserve

9

7,000

7,000

Retained earnings

9

251,801

419,553

SHAREHOLDERS' FUNDS

261,801

429,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 23 December 2019 and were signed by:

A H B Dalby TD, FCA - Director

1.	STATUTORY INFORMATION

Mobile Health Systems (UK) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks 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 Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Where the company enters into a lease which entails taking substantially all the risks and rewards of

ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a

tangible fixed asset and is depreciated in accordance with the above depreciation policies. Future instalments

under such leases, net of finance charges, are included with creditors. Rentals payable are apportioned between

the finance element, which is charged to the profit and loss account on a straight line basis, and the capital

element which reduces the outstanding obligation for future instalments.

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 9 (2018 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2018

1,089,233

21,498

218,932

21,988

1,351,651

Disposals

-

-

(23,318

)

-

(23,318

)

At 31 March 2019

1,089,233

21,498

195,614

21,988

1,328,333

DEPRECIATION

At 1 April 2018

958,924

19,027

192,333

20,180

1,190,464

Charge for year

35,004

618

20,722

1,011

57,355

Eliminated on disposal

-

-

(23,318

)

-

(23,318

)

At 31 March 2019

993,928

19,645

189,737

21,191

1,224,501

NET BOOK VALUE

At 31 March 2019

95,305

1,853

5,877

797

103,832

At 31 March 2018

130,309

2,471

26,599

1,808

161,187

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

110,000

23,510

133,510

DEPRECIATION

At 1 April 2018

14,647

11,755

26,402

Charge for year

22,000

5,878

27,878

At 31 March 2019

36,647

17,633

54,280

NET BOOK VALUE

At 31 March 2019

73,353

5,877

79,230

At 31 March 2018

95,353

11,755

107,108

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

235,825

293,960

Amounts owed by associates

-

152,000

Other debtors

98,275

127,212

334,100

573,172

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

37,338

57,045

Trade creditors

34,526

61,638

Amounts owed to associates

6,970

21,380

Taxation and social security

76,987

53,155

Other creditors

36,019

31,702

191,840

224,920

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

60,830

97,027

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

3,000

Ordinary

£1

3,000

3,000

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2018

419,553

7,000

426,553

Deficit for the year

(137,752

)

(137,752

)

Dividends

(30,000

)

(30,000

)

At 31 March 2019

251,801

7,000

258,801

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

31.3.19

31.3.18

£

£

P D Miller

Balance outstanding at start of year

-

-

Amounts advanced

61,124

-

Amounts repaid

(30,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,124

-

The loan to BBD Developments amounting to £152,000 was valued independently during the year and due to

losses was deemed to have no value. It was taken over by PD Miller, a director of both companies, for a

nominal sum.

During the year a dividend of £30,000 was paid to PD Miller in his capacity as sole shareholder.(2018 :

£30,000)

11.	RELATED PARTY DISCLOSURES

The controlling party is P D Miller.