MTC Mobile Ltd - Period Ending 2020-03-31
MTC Mobile Ltd - Period Ending 2020-03-31
Registration number:
MTC Mobile Ltd
for the Year Ended 31 March 2020
MTC Mobile Ltd
(Registration number: SC436940)
Statement of Financial Position as at 31 March 2020
Note |
2020 |
2019 |
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Current assets |
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Debtors |
|
|
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Cash at bank and in hand |
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|
|
|
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
|
Capital and reserves |
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Called up share capital |
100 |
100 |
|
Profit and loss account |
(59,148) |
(41,725) |
|
Shareholders' deficit |
(59,048) |
(41,625) |
For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.
Approved and authorised by the
.........................................
Director
MTC Mobile Ltd
Notes to the Financial Statements for the Year Ended 31 March 2020
General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Financial instruments
Classification
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
MTC Mobile Ltd
Notes to the Financial Statements for the Year Ended 31 March 2020
Debtors |
2020 |
2019 |
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Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2020 |
2019 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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Other creditors |
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