Mobikats Limited - Filleted accounts

Mobikats Limited - Filleted accounts

MOBIKATS LTD - Company Information

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Registered number
06940565
Mobikats Limited
Filleted Accounts
30 June 2021
Mobikats Limited
Registered number: 06940565
Balance Sheet
as at 30 June 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 - -
Current assets
Debtors 4 60,085 33,577
Cash at bank and in hand 39,449 28,255
99,534 61,832
Creditors: amounts falling due within one year 5 (56,641) (36,832)
Net current assets 42,893 25,000
Net assets 42,893 25,000
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 41,893 24,000
Shareholder's funds 42,893 25,000
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Hunt
Director
Approved by the board on 5 August 2021
Mobikats Limited
Notes to the Accounts
for the year ended 30 June 2021
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 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2020 7,276
At 30 June 2021 7,276
Depreciation
At 1 July 2020 7,276
Charge for the year -
At 30 June 2021 7,276
Net book value
At 30 June 2021 -
At 30 June 2020 -
4 Debtors 2021 2020
£ £
Trade debtors 59,347 32,839
Other debtors 738 738
60,085 33,577
5 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 34,899 14,797
Corporation tax 15,589 11,493
Other taxes and social security costs 4,792 9,642
Other creditors 1,361 900
56,641 36,832
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
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