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

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

1-2-MOBILE LIMITED - Company Information

Print Friendly Version

2020-04-01 06858948 2021-03-31 06858948 2020-04-01 2021-03-31 06858948 2020-03-31 06858948 2019-04-01 2020-03-31 06858948 uk-core:WithinOneYear 2020-03-31 06858948 uk-core:WithinOneYear 2021-03-31 06858948 uk-core:ShareCapital 2021-03-31 06858948 uk-core:ShareCapital 2020-03-31 06858948 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 06858948 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 06858948 uk-bus:Director1 2020-04-01 2021-03-31 06858948 uk-core:ComputerEquipment 2020-04-01 2021-03-31 06858948 uk-core:CommercialMotorVehicles 2020-04-01 2021-03-31 06858948 uk-core:ComputerEquipment 2020-03-31 06858948 uk-core:CommercialMotorVehicles 2020-03-31 06858948 uk-core:CommercialMotorVehicles 2021-03-31 06858948 uk-core:ComputerEquipment 2021-03-31 iso4217:GBP xbrli:pure 06858948 uk-bus:AuditExemptWithAccountantsReport 2020-04-01 2021-03-31 06858948 uk-bus:FRS102 2020-04-01 2021-03-31 06858948 uk-bus:FullAccounts 2020-04-01 2021-03-31 06858948 uk-bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31
1-2-Mobile Ltd
Registered Number:06858948
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
2
Registered Number :
06858948
As at 31 March 2021
1-2-Mobile Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
12,329
16,538
2
12,329
16,538
Current assets
Trade and other receivables
5,622
2,412
3
8,672
Cash and cash equivalents
3,715
6,127
14,294
Trade and other payables: amounts falling due within one year
(30,201)
(19,422)
4
(15,907)
(13,295)
Net current liabilities
Total assets less current liabilities
(966)
631
(2,343)
(3,142)
Provisions for liabilities
(3,309)
Net liabilities
(2,511)
Capital and reserves
Called up share capital
103
103
Retained earnings
(3,412)
(2,614)
(3,309)
(2,511)
Shareholders' funds
For the year ended 31 March 2021 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 2021 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 2021 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.
1 of 4
3
Registered Number :
06858948
For the year ended 31 March 2021
1-2-Mobile Ltd
Statement of Financial Position Continued
Mr Alan Atkinson Director
These financial statements were approved and authorised for issue by the Board on 06 August 2021 and were signed by:
The notes form part of these financial statements
2 of 4
4
For the year ended 31 March 2021
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.
3 of 4
5
For the year ended 31 March 2021
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 2020
33,574
5,802
27,772
At 31 March 2021
27,772
5,802
33,574
Provision for depreciation and impairment
At 01 April 2020
17,036
4,886
12,150
Charge for year
4,209
303
3,906
At 31 March 2021
21,245
5,189
16,056
At 31 March 2021
Net book value
11,716
613
12,329
At 31 March 2020
15,622
916
16,538
3. Trade and other receivables
2020
2021
£
£
Trade debtors
2,412
5,622
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
162
593
Taxation and social security
4,338
7,773
Other creditors
14,922
21,835
19,422
30,201
5. Related party transactions
Included within other creditors is the balance £14,013 (2020 - £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 (2020 : 3)
4 of 4