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1-2-MOBILE LIMITED - Company Information

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1-2-Mobile Ltd

Registered Number:06858948

For the year ended 31 March 2017

England and Wales

Unaudited Financial Statements

As at 31 March 2017

1-2-Mobile Ltd

Statement of Financial Position

Registered Number :

06858948

2016

2017

Notes

Fixed assets

Property, plant and equipment

17,882

3,794

17,882

3,794

Current assets

Trade and other receivables

8,882

2,116

2,287

Cash and cash equivalents

3,812

5,928

11,169

Trade and other payables: amounts falling due within one year

(13,913)

(19,340)

(2,744)

(13,412)

Net current liabilities

Total assets less current liabilities

4,470

1,050

(2,751)

Provisions for liabilities

1,719

Net assets

1,050

Capital and reserves

Called up share capital

103

Retained earnings

1,616

947

1,719

1,050

Shareholders' funds

For the year ended 31 March 2017 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 2017 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 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

Mr Alan Atkinson Director

These financial statements were approved and authorised for issue by the Board on 03 July 2017 and were signed by:

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For the year ended 31 March 2017

1-2-Mobile Ltd

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 31 March 2017

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 represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Property, plant and equipment

Tangible fixed assets, 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

2. Property, plant and equipment

Total

Computer

equipment

Motor vehicles

Cost or valuation

At 01 April 2016

5,355

20,467

217

20,250

Additions

At 31 March 2017

20,250

5,572

25,822

Provision for depreciation and impairment

At 01 April 2016

1,561

Charge for year

6,379

1,316

5,063

At 31 March 2017

7,940

2,877

5,063

At 31 March 2017

Net book value

15,187

2,695

17,882

At 31 March 2016

3,794

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For the year ended 31 March 2017

1-2-Mobile Ltd

Notes to the Financial Statements Continued

3. Trade and other receivables

2016

2017

Trade debtors

2,116

Other debtors

8,882

2,116

4. Trade and other payables: amounts falling due within one year

2016

2017

Trade creditors

Taxation and social security

7,210

13,913

Other creditors

12,056

19,340

13,913

5. Related party transactions

Inlcuded within other creditors is the balance £11,614 (2016 overdrawn £8,882) in regards to the directors loan account of Mr A

Atkinson, this loan is interest free and has no fied date of repayment.

6. Average number of persons employed

During the year the average number of employees was 3 (2016 : 3)

7. Transition to FRS 102

The company has adopted FRS 102 S1A for the first time in the year ended 31st March 2017.

Consideration to the consequential changes in accounting policies resulting from the adoption of FRS 102 S1A has been made

and concluded that no transitional adjustments are required. Therefore no restatement of the previous years' figures has been

made.

The date of transition to FRS 102 S1A is the 1st April 2015.

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