Mobius At Work Limited - Accounts to registrar

REGISTERED NUMBER: 07785201 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Mobius At Work Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

12

DIRECTORS:

K E Lancaster

Mrs L M Lancaster

REGISTERED OFFICE:

Unit 6

Turners Barn

Redlake Lane

Wokingham

Berkshire

RG40 3BF

REGISTERED NUMBER:

07785201 (England and Wales)

ACCOUNTANTS:

PKB Accountants Limited

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

FIXED ASSETS

Tangible assets

4

12,338

6,056

CURRENT ASSETS

Stocks

2,958

-

Debtors

5

75,563

53,005

Cash at bank and in hand

180,145

139,217

258,666

192,222

CREDITORS

Amounts falling due within one year

6

119,277

61,043

NET CURRENT ASSETS

139,389

131,179

TOTAL ASSETS LESS CURRENT
LIABILITIES

151,727

137,235

PROVISIONS FOR LIABILITIES

7

2,468

1,211

NET ASSETS

149,259

136,024

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

149,257

136,022

SHAREHOLDERS' FUNDS

149,259

136,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on
28 September 2017 and were signed on its behalf by:

K E Lancaster - Director

1.	STATUTORY INFORMATION

Mobius At Work Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

These financial statements for the year ended 31st December 2016 are the first financial statements

of Mobius at Work Limited prepared in accordance with FRS 102, The Financial Reporting standard

applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1st January 2015.

The reported financial position and financial performance for the previous period are not affected by

the transition to FRS 102.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make

judgements, estimates and assumptions about the carrying values of assets and liabilities that are

not readily apparent from other sources. The estimates and underlying assumptions are based on

historical experience and other factors that are considered to be relevant. Actual results may differ

from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to

accounting estimates are recognised in the period in which the estimate is revised if the revision

affects only that period, or in the period of the revision and future periods if the revision affects both

current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Turnover represents the value of services provided under contracts to the extent that there is a right

to consideration and is recorded at the value of the consideration due. Where a contract has only

been partially completed at the balance sheet date turnover represents the value of the service

provided to date based on a proportion of the total expected consideration at completion. Where

payments are received from customers in advance of services provided, the amounts are recorded

as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance and 20% on cost

Computer equipment

-

33% on cost

Fixtures and Fittings and Computer Equipment are stated at cost less accumulated depreciation and

accumulated impairment losses.

At each balance sheet date, the Company reviews the carrying amounts of its Tangible Fixed Assets

to determine whether there is any indication that any items have suffered an impairment loss. If any

such indication exists, the recoverable amount of an asset is estimated in order to determine the

extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying

amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an

expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to

the revised estimate of its recoverable amount, to the extent that the increased carrying amount

does not exceed the carrying amount that would have been determined (net of depreciation) had no

impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is

recognised as income immediately.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as

reported in the statement of comprehensive income because of items of income or expense that are

taxable or deductible in other years and items that are never taxable or deductible. The Company's

liability for current tax is calculated using tax rates that have been enacted or substantively enacted

by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and

liabilities in the financial statements and the corresponding tax bases used in the computation of

taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.

Deferred tax assets are generally recognised for all deductible temporary differences to the extent

that it is probable that taxable profits will be available against which those deductible timing

differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each

reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits

will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the

period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that

have been enacted or substantively enacted by the end of the reporting period. The measurement

of deferred tax liabilities and assets reflects the tax consequences that would follow from the

manner in which the Company expects, to recover or settle the carrying amounts of its assets and

liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items

that are recognised in other comprehensive income or directly in equity, in which case, the current

and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Pension costs and other post-retirement benefits

The obligations for contributions to the defined contribution scheme are recognised as an expense

as incurred. The assets of the scheme are held separately from those of the Company in an

independently administered fund.

Related parties

For the purposes of these financial statements, a party is considered to be related to the Company if

any of the following are applicable:

(1) The party has the ability, directly or indirectly, through one or more intermediaries, to control

the Company or exercise significant influence over the company in making financial and operating

policy decisions, or has joint control over the Company.

(2) The Company and the party are subject to common control.

(3) The party is an associate of the Company.

(4) The party is a member of key management personnel of the Company or the Company's parent,

or a close family member of such an individual.

(5) The party is a post - employment benefit plan which is for the benefit of employees of the

Company or of any entity that is a related party of the Company.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and

Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the

company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements,

when there is a legally enforceable right to set off the recognised amounts and there is an intention

to settle on a net basis or to realise the asset and settle the liability simultaneously.

Non-derivative financial instruments

Non-derivative financial instruments comprise trade and other debtors, cash at bank and in hand,

and trade and other creditors.

Trade and other debtors

Trade and other debtors are recognised initially at fair value and thereafter stated at amortised cost

using the effective interest method, less impairment losses for bad and doubtful debts except where

the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less

impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are recognised initially at fair value and thereafter stated at amortised

cost using the effective interest method unless the effect of discounting would be immaterial, in

which case they are stated at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and

other short-term highly liquid investments with original maturities of three months or less and bank

overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or

current liabilities when applicable

Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each

reporting period for objective evidence of impairment. If objective evidence of impairment is found,

an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference

between an asset's carrying amount and the present value of estimated cash flows discounted at the

asset's original effective interest rate. If a financial asset has a variable interest rate, the discount

rate for measuring any impairment loss is the current effective rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the

difference between an asset's carrying amount and the best estimate, which is an approximation, of

the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial

position when there is an enforceable right to set off the recognised amounts and there is an

intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

At each reporting date non-financial assets not carried at face value are reviewed to determine

whether there is an indication that an asset may be impaired. If there is an indication of possible

impairment, the recoverable amount of any asset or group of related assets, which is the higher of

value in use and the fair value less cost to sell, is estimated and compared with its carrying amount.

If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable

amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date, the carrying amount of each

item of inventory, or group of similar items, is compared with its selling price less costs to complete

and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced

to selling price less costs to complete and sell, and an impairment loss is recognised immediately in

profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2016

13,088

21,092

34,180

Additions

10,110

2,316

12,426

Disposals

(8,781

)

(1,259

)

(10,040

)

At 31 December 2016

14,417

22,149

36,566

DEPRECIATION

At 1 January 2016

8,027

20,097

28,124

Charge for year

1,514

1,235

2,749

Eliminated on disposal

(5,386

)

(1,259

)

(6,645

)

At 31 December 2016

4,155

20,073

24,228

NET BOOK VALUE

At 31 December 2016

10,262

2,076

12,338

At 31 December 2015

5,061

995

6,056

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade debtors

68,553

45,469

Other debtors

7,010

7,536

75,563

53,005

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade creditors

87,450

26,792

Taxation and social security

30,206

31,914

Other creditors

1,621

2,337

119,277

61,043

7.	PROVISIONS FOR LIABILITIES

31.12.16

31.12.15

£

Deferred tax

2,468

1,211

Deferred

tax

£

Balance at 1 January 2016

1,211

Charge to Income Statement during year

1,257

Balance at 31 December 2016

2,468

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £46,500 (2015 - £46,500) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr K and Mrs L Lancaster, the company directors and shareholders.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the

company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and

certain other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Mobius At Work Limited for the year ended 31 December 2016 which

comprise the Income Statement, Balance Sheet, and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Mobius At Work Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mobius At Work Limited and state those matters that we have agreed to state to the Board of Directors of Mobius At Work Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mobius At Work Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mobius At Work Limited. You consider that Mobius At Work Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mobius At Work Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PKB Accountants Limited

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

28 September 2017

Mobius At Work Limited - Accounts to registrar - small 17.2

Mobius At Work Limited - Accounts to registrar - small 17.2