MTC Mobile Ltd Company Accounts

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COMPANY REGISTRATION NUMBER: SC436940

MTC Mobile Ltd

Filleted Unaudited Financial Statements

31 March 2018

MTC Mobile Ltd

Financial Statements

Year ended 31 March 2018

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

MTC Mobile Ltd

Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Current assets

Debtors	4	3,200	2,450
Cash at bank and in hand		280	14,936
		-------	--------
		3,480	17,386

Creditors: amounts falling due within one year	5	14,826		10,242
		--------		--------
Net current (liabilities)/assets			( 11,346)	7,144
			--------	-------
Total assets less current liabilities			( 11,346)	7,144
			--------	-------
Net (liabilities)/assets			( 11,346)	7,144
			--------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 11,446)	7,044
	--------	-------
Shareholders (deficit)/funds	( 11,346)	7,144
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 13 November 2018 , and are signed on behalf of the board by:

Mr David Rankine

Director

Company registration number: SC436940

MTC Mobile Ltd

Notes to the Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Shed 26, Unit 35, Camperdown Street, City Quay, Dundee, DD1 3JA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Debtors

	2018	2017
	£	£
Trade debtors	839	563
Other debtors	2,361	1,887
	-------	-------
	3,200	2,450
	-------	-------

5. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	4,084	–
Other creditors	10,742	10,242
	--------	--------
	14,826	10,242
	--------	--------