Mobile Phone Recycling Organisation Limi - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06062391 (England and Wales)

Financial Statements

for the Year Ended 28 February 2017

for

MOBILE PHONE RECYCLING ORGANISATION

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Hayes

REGISTERED OFFICE:

Unit 17

Moderna Busines Park

Mytholmroyd

West Yorkshire

HX7 5QQ

REGISTERED NUMBER:

06062391 (England and Wales)

ACCOUNTANTS:

Rawse, Varley & Co

Chartered Accountants

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

FIXED ASSETS

Tangible assets

3

2,451

3,064

CURRENT ASSETS

Debtors

4

47,703

235,908

Cash at bank

43,251

33,315

90,954

269,223

CREDITORS

Amounts falling due within one year

5

45,737

64,546

NET CURRENT ASSETS

45,217

204,677

TOTAL ASSETS LESS CURRENT LIABILITIES

47,668

207,741

PROVISIONS FOR LIABILITIES

490

613

NET ASSETS

47,178

207,128

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

47,078

207,028

SHAREHOLDERS' FUNDS

47,178

207,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 by the director on 20 November 2017 and were signed by:

L Hayes - Director

1.	STATUTORY INFORMATION

Mobile Phone Recycling Organisation 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.

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.

This is the first year for which Schedule 1A of FRS 102 has been adopted in preparing the financial statements.

There are no adjustments on transition to FRS 102.

Turnover

Turnover represents the sales value of goods and services provided to customers, excluding value added tax.

Tangible fixed assets

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

life.

Plant and machinery - 20% on reducing balance

Computer equipment - 20% on reducing balance

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

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

and 28 February 2017

13,559

DEPRECIATION

At 1 March 2016

10,495

Charge for year

613

At 28 February 2017

11,108

NET BOOK VALUE

At 28 February 2017

2,451

At 29 February 2016

3,064

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

47,703

81,947

Amounts owed by group undertakings

-

138,761

Other debtors

-

15,200

47,703

235,908

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

39,048

Amounts owed to group undertakings

36,239

-

Taxation and social security

3,879

4,239

Other creditors

5,619

21,259

45,737

64,546

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

1

100

100

7.

RESERVES

Retained

earnings

£

At 1 March 2016

207,028

Profit for the year

15,050

Dividends

(175,000

)

At 28 February 2017

47,078

8.	ULTIMATE CONTROLLING PARTY.

The controlling party is Blah Blah Blah (UK) Limited.

The registered office of Blah Blah Blah (UK) Limited is Unit 17, Moderna Business Park. Mytholmroyd HX7

5QQ.