Mobile Pie Limited - Filleted accounts

Mobile Pie Limited - Filleted accounts

MOBILE PIE LIMITED - Company Information

Print Friendly Version

Registered number
05557026
Mobile Pie Limited
Filleted Accounts
31 March 2017
Mobile Pie Limited
Registered number: 05557026
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 13,085 14,311
Current assets
Debtors 4 40,898 44,214
Cash at bank and in hand 70,012 63,038
110,910 107,252
Creditors: amounts falling due within one year 5 (42,045) (32,433)
Net current assets 68,865 74,819
Net assets 81,950 89,130
Capital and reserves
Called up share capital 100 100
Profit and loss account 81,850 89,030
Shareholders' funds 81,950 89,130
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Wilson
Director
Approved by the board on 22 December 2017
Mobile Pie Limited
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company 12 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2016 40,998
Additions 3,238
At 31 March 2017 44,236
Depreciation
At 1 April 2016 26,687
Charge for the year 4,464
At 31 March 2017 31,151
Net book value
At 31 March 2017 13,085
At 31 March 2016 14,311
4 Debtors 2017 2016
£ £
Trade debtors 31,585 36,619
Other debtors 9,313 7,595
40,898 44,214
5 Creditors: amounts falling due within one year 2017 2016
£ £
Directors loan account 7,973 7,882
Taxation and social security costs 28,649 19,188
Other creditors 5,423 5,363
42,045 32,433
6 Other information
Mobile Pie Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor Lewins House
Narrow Lewins Mead
Bristol
BS1 2NN
Mobile Pie Limited 05557026 false 2016-04-01 2017-03-31 2017-03-31 VT Final Accounts September 2017 R Wilson No description of principal activity 05557026 2015-04-01 2016-03-31 05557026 core:WithinOneYear 2016-03-31 05557026 core:ShareCapital 2016-03-31 05557026 core:RetainedEarningsAccumulatedLosses 2016-03-31 05557026 2016-04-01 2017-03-31 05557026 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 05557026 bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 05557026 bus:Director40 2016-04-01 2017-03-31 05557026 1 2016-04-01 2017-03-31 05557026 2 2016-04-01 2017-03-31 05557026 core:PlantMachinery 2016-04-01 2017-03-31 05557026 countries:England 2016-04-01 2017-03-31 05557026 bus:FRS102 2016-04-01 2017-03-31 05557026 bus:FullAccounts 2016-04-01 2017-03-31 05557026 2017-03-31 05557026 core:WithinOneYear 2017-03-31 05557026 core:ShareCapital 2017-03-31 05557026 core:RetainedEarningsAccumulatedLosses 2017-03-31 05557026 core:PlantMachinery 2017-03-31 05557026 2016-03-31 05557026 core:PlantMachinery 2016-03-31 iso4217:GBP xbrli:pure