Mobliciti Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06454812 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

MOBLICITI LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S B Taylor

S J Rogan

I G Evans

A L Brown

SECRETARY:

I G Evans

REGISTERED OFFICE:

Hersham Place Technology Park

Molesey Road

Hersham

Walton-on-Thames

KT12 4RZ

REGISTERED NUMBER:

06454812 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Intangible assets

4

18,380

29,086

Tangible assets

5

48,984

74,738

67,364

103,824

CURRENT ASSETS

Stocks

6,426

-

Debtors

6

2,013,479

2,435,606

Cash at bank

1,085,960

1,014,632

3,105,865

3,450,238

CREDITORS

Amounts falling due within one year

7

2,578,427

3,011,217

NET CURRENT ASSETS

527,438

439,021

TOTAL ASSETS LESS CURRENT LIABILITIES

594,802

542,845

PROVISIONS FOR LIABILITIES

9

7,933

10,510

NET ASSETS

586,869

532,335

CAPITAL AND RESERVES

Called up share capital

10

220,000

220,000

Capital redemption reserve

16,225

16,225

Retained earnings

350,644

296,110

SHAREHOLDERS' FUNDS

586,869

532,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 October 2021 and were signed on its behalf by:

I G Evans - Director

S B Taylor - Director

1.	STATUTORY INFORMATION

Mobliciti Ltd 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 represents net invoiced sales of goods and services, excluding value added tax.

Turnover relating to goods, and service contracts invoiced in full, are recognised in the period the sale was made. Turnover relating to service contracts over one year, invoiced annually, is deferred and subsequently recognised in the period the service is provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stock comprises goods held for resale, which are valued at the lower of cost and net realisable value.

Cost is based on the purchase price.

Net realisable value is based on estimated selling prices.

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 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.

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.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 29 ).

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2020

56,449

Additions

969

At 31 March 2021

57,418

AMORTISATION

At 1 April 2020

27,363

Amortisation for year

11,675

At 31 March 2021

39,038

NET BOOK VALUE

At 31 March 2021

18,380

At 31 March 2020

29,086

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2020

63,685

78,430

94,978

237,093

Additions

-

666

16,052

16,718

Disposals

-

(195

)

(528

)

(723

)

At 31 March 2021

63,685

78,901

110,502

253,088

DEPRECIATION

At 1 April 2020

42,828

51,620

67,907

162,355

Charge for year

12,737

15,656

13,356

41,749

At 31 March 2021

55,565

67,276

81,263

204,104

NET BOOK VALUE

At 31 March 2021

8,120

11,625

29,239

48,984

At 31 March 2020

20,857

26,810

27,071

74,738

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

984,516

1,134,257

Other debtors

1,028,963

1,301,349

2,013,479

2,435,606

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

675,127

1,093,713

Taxation and social security

172,492

326,386

Other creditors

1,730,808

1,591,118

2,578,427

3,011,217

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.21

31.3.20

£

£

Within one year

106,826

109,307

Between one and five years

34,745

37,337

141,571

146,644

9.	PROVISIONS FOR LIABILITIES

31.3.21

31.3.20

£

£

Deferred tax

7,933

10,510

Deferred

tax

£

Balance at 1 April 2020

10,510

Provided during year

(2,577

)

Balance at 31 March 2021

7,933

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

225,000

Ordinary A

£0.10

22,500

22,500

225,000

Ordinary B

£0.10

22,500

22,500

175,000

Preference

£1.00

175,000

175,000

220,000

220,000

Ordinary A and Ordinary B shares have full voting rights. The preference shares have no voting rights.

11.	ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is Mobliciti Holdings Limited, a company registered in England and Wales.

These accounts present information about the company as an individual undertaking. Group accounts are not prepared because the group qualifies as a small group.