Mobliciti Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06454812 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

MOBLICITI LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S B Taylor

S J Rogan

I G Evans

A L Brown

SECRETARY:

I G Evans

REGISTERED OFFICE:

Hersham Place Technology Park

Molesey Road

Hersham

Walton-on-Thames

KT12 4RZ

REGISTERED NUMBER:

06454812 (England and Wales)

ACCOUNTANTS:

RJP LLP

2 AC Court

High Street

Thames Ditton

Surrey

KT7 0SR

FIXED ASSETS

Intangible assets

4

4,556

7,166

Tangible assets

5

107,155

123,797

111,711

130,963

CURRENT ASSETS

Stocks

-

9,436

Debtors

6

2,483,659

2,376,256

Cash at bank and in hand

540,440

254,630

3,024,099

2,640,322

CREDITORS

Amounts falling due within one year

7

2,661,604

2,258,187

NET CURRENT ASSETS

362,495

382,135

TOTAL ASSETS LESS CURRENT LIABILITIES

474,206

513,098

PROVISIONS FOR LIABILITIES

9

12,083

13,557

NET ASSETS

462,123

499,541

CAPITAL AND RESERVES

Called up share capital

10

220,000

220,000

Capital redemption reserve

11

16,225

16,225

Retained earnings

11

225,898

263,316

SHAREHOLDERS' FUNDS

462,123

499,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 3 October 2018 and were signed on its behalf by:

I G Evans - Director

S B Taylor - Director

1.	STATUTORY INFORMATION

Mobliciti Ltd 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 represents net invoiced sales of goods and services, excluding value added tax.

Turnover relating to goods, and service contracts invoiced in full, are recognised in the period the sale was made.

Turnover relating to service contracts over one year, invoiced annually, is deferred and subsequently recognised

in the period the service is provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stock comprises goods held for resale, which are valued at the lower of cost and net realisable value.

Cost is based on the purchase price.

Net realisable value is based on estimated selling prices.

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 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.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2017 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2017

and 31 March 2018

10,440

AMORTISATION

At 1 April 2017

3,274

Amortisation for year

2,610

At 31 March 2018

5,884

NET BOOK VALUE

At 31 March 2018

4,556

At 31 March 2017

7,166

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2017

62,250

62,234

57,611

182,095

Additions

-

8,166

7,970

16,136

At 31 March 2018

62,250

70,400

65,581

198,231

DEPRECIATION

At 1 April 2017

6,208

9,342

42,748

58,298

Charge for year

12,450

13,237

7,091

32,778

At 31 March 2018

18,658

22,579

49,839

91,076

NET BOOK VALUE

At 31 March 2018

43,592

47,821

15,742

107,155

At 31 March 2017

56,042

52,892

14,863

123,797

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

as restated

£

£

Trade debtors

1,254,030

1,177,515

Other debtors

1,229,629

1,198,741

2,483,659

2,376,256

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

as restated

£

£

Trade creditors

655,327

750,788

Taxation and social security

274,358

165,783

Other creditors

1,731,919

1,341,616

2,661,604

2,258,187

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.18

31.3.17

as restated

£

£

Within one year

89,210

89,210

Between one and five years

29,738

118,948

118,948

208,158

9.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

as restated

£

£

Deferred tax

12,083

13,557

Deferred

tax

£

Balance at 1 April 2017

13,557

Provided during year

(1,474

)

Balance at 31 March 2018

12,083

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

as restated

£

£

225,000

Ordinary A

£0.10

22,500

22,500

225,000

Ordinary B

£0.10

22,500

22,500

175,000

Preference

£1.00

175,000

175,000

220,000

220,000

Ordinary A and Ordinary B shares have full voting rights. The preference shares have no voting rights.

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2017

39,044

16,225

55,269

Prior year adjustment

224,272

224,272

263,316

279,541

Profit for the year

112,582

112,582

Dividends

(150,000

)

(150,000

)

At 31 March 2018

225,898

16,225

242,123

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and 31 March

2017:

31.3.18

31.3.17

as restated

£

£

Director

Balance outstanding at start of year

30,020

125,020

Amounts advanced

-

120,000

Amounts repaid

(30,020

)

(215,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

30,020

Director

Balance outstanding at start of year

(34

)

124,966

Amounts advanced

34

-

Amounts repaid

-

(125,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(34

)

The loans are interest free.

13.	RELATED PARTY DISCLOSURES

Aggregate dividends paid to shareholders with a participating interest, who are not directors, amounted to

£150,000 (2017 - £340,000).

14.	ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is Mobliciti Holdings Limited, a company registered in England and

Wales.

These accounts present information about the company as an individual undertaking. Group accounts are not

prepared because the group qualifies as a small group.