Mobile Tracking Systems Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04092975 (England and Wales)

MOBILE TRACKING SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I H Roberts

B M Roberts

REGISTERED OFFICE:

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

REGISTERED NUMBER:

04092975 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

686

807

CURRENT ASSETS

Stocks

500

Debtors

5

(2,977

)

1,491

Cash at bank

12,119

17,174

9,642

19,165

CREDITORS

Amounts falling due within one year

6

1,093,958

1,110,844

NET CURRENT LIABILITIES

(1,084,316

)

(1,091,679

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,083,630

)

(1,090,872

)

PROVISIONS FOR LIABILITIES

130

161

NET LIABILITIES

(1,083,760

)

(1,091,033

)

CAPITAL AND RESERVES

Called up share capital

7

3

Retained earnings

(1,083,763

)

(1,091,036

)

SHAREHOLDERS' FUNDS

(1,083,760

)

(1,091,033

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2017 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 6th April 2018 and were signed on its
behalf by:

B M Roberts - Director

1.	STATUTORY INFORMATION

Mobile Tracking Systems 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.

Turnover

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

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

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

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES

The average number of employees during the year was 1 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1st January 2017

and 31st December 2017

19,249

14,955

34,204

DEPRECIATION

At 1st January 2017

18,442

14,955

33,397

Charge for year

121

-

121

At 31st December 2017

18,563

14,955

33,518

NET BOOK VALUE

At 31st December 2017

686

-

686

At 31st December 2016

807

-

807

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

(6,186

)

(2,082

)

Prepayments and accrued income

3,209

3,573

(2,977

)

1,491

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

(1,270

)

1,247

Amounts owed to group undertakings

1,081,497

1,082,583

Social security and other taxes

1,153

1,163

Pension fund

114

VAT

8,952

22,225

Accruals and deferred income

3,512

1,093,958

1,110,844

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

3

Ordinary

£1

3

8.	RELATED PARTY DISCLOSURES

Included within creditors are the following balances due to other group companies; H R Project

Management Limited £251,866 (2016: £225,866), Reggin (Computers) Limited £454,460 (2016:

£454,460), Stafford Computer Technology Limited £69,744 (2016: £94,250), Motor Trade

Technologies Limited £305,427 (2016: £308,007).

Mobile Tracking Systems Limited - Accounts to registrar (filleted) - small 18.1

Mobile Tracking Systems Limited - Accounts to registrar (filleted) - small 18.1