1-2-Mobile Ltd,Ltd - AccountsLtd - Accounts

1-2-Mobile Ltd,Ltd - AccountsLtd - Accounts


2019-04-01 06858948 2020-03-31 06858948 2019-04-01 2020-03-31 06858948 2019-03-31 06858948 2018-04-01 2019-03-31 06858948 uk-core:WithinOneYear 2019-03-31 06858948 uk-core:WithinOneYear 2020-03-31 06858948 uk-core:ShareCapital 2020-03-31 06858948 uk-core:ShareCapital 2019-03-31 06858948 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 06858948 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 06858948 uk-bus:Director1 2019-04-01 2020-03-31 06858948 uk-core:ComputerEquipment 2019-04-01 2020-03-31 06858948 uk-core:CommercialMotorVehicles 2019-04-01 2020-03-31 06858948 uk-core:ComputerEquipment 2019-03-31 06858948 uk-core:CommercialMotorVehicles 2019-03-31 06858948 uk-core:CommercialMotorVehicles 2020-03-31 06858948 uk-core:ComputerEquipment 2020-03-31 iso4217:GBP xbrli:pure 06858948 uk-bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 06858948 uk-bus:FRS102 2019-04-01 2020-03-31 06858948 uk-bus:FullAccounts 2019-04-01 2020-03-31 06858948 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
1-2-Mobile Ltd
Registered Number:06858948
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
2
As at 31 March 2020
1-2-Mobile Ltd
Statement of Financial Position
Registered Number :
06858948
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
16,538
22,197
2
16,538
22,197
Current assets
Trade and other receivables
5,250
5,622
3
2,351
Cash and cash equivalents
8,672
14,294
7,601
Trade and other payables: amounts falling due within one year
(28,599)
(30,201)
4
(20,998)
(15,907)
Net current liabilities
Total assets less current liabilities
631
1,199
(3,142)
(4,217)
Provisions for liabilities
(2,511)
Net liabilities
(3,018)
Capital and reserves
Called up share capital
103
103
Retained earnings
(2,614)
(3,121)
(2,511)
(3,018)
Shareholders' funds
For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
All the members have consented to the preparation of an Abridged Income Statement for the year ended 31 March 2020 in
accordance with Section 444 (2A) of the Companies Act 2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Alan Atkinson Director
These financial statements were approved and authorised for issue by the Board on 15 June 2020 and were signed by:
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For the year ended 31 March 2020
1-2-Mobile Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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4
For the year ended 31 March 2020
1-2-Mobile Ltd
Notes to the Financial Statements
Statutory Information
1-2-Mobile Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 06858948.
Registered address:
Suite 1, Old Stables Court
6a Queen Street
Newcastle under Lyme
Staffordshire
ST5 1ED
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial
statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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For the year ended 31 March 2020
1-2-Mobile Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
£
£
£
Cost or valuation
At 01 April 2019
33,574
5,802
27,772
At 31 March 2020
27,772
5,802
33,574
Provision for depreciation and impairment
At 01 April 2019
11,377
4,434
6,943
Charge for year
5,659
452
5,207
At 31 March 2020
17,036
4,886
12,150
At 31 March 2020
Net book value
15,622
916
16,538
At 31 March 2019
20,829
1,368
22,197
3. Trade and other receivables
2019
2020
£
£
Trade debtors
5,622
5,250
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
593
89
Taxation and social security
7,773
5,814
Other creditors
21,835
22,696
30,201
28,599
5. Related party transactions
Included within other creditors is the balance £21,835 (2019 - £21,835) in regards to the directors loan account of Mr A
Atkinson, this loan is interest free and has no fixed date of repayment
6. Average number of persons employed
During the year the average number of employees was 3 (2019 : 3)
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