Company registration number 09898935 (England and Wales)
DAVID MOBBS ADVISORY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
DAVID MOBBS ADVISORY LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
DAVID MOBBS ADVISORY LIMITED
COMPANY INFORMATION
Directors
D Mobbs
C Harkink-Mobbs
Company number
09898935
Registered office
5 Technology Park
Colindeep Lane
Colindale
London
United Kingdom
EC4N 6EU
Accountants
Grunberg & Co Limited
5 Technology Park
Colindeep Lane
Colindale
London
United Kingdom
NW9 6BX
DAVID MOBBS ADVISORY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,487
2,522
Current assets
Debtors
4
3,705
10,400
Cash at bank and in hand
380,527
169,058
384,232
179,458
Creditors: amounts falling due within one year
Taxation and social security
57,687
9,646
Other creditors
81,767
88,200
139,454
97,846
Net current assets
244,778
81,612
Total assets less current liabilities
249,265
84,134
Provisions for liabilities
(853)
(479)
Net assets
248,412
83,655
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
248,410
83,653
Total equity
248,412
83,655
DAVID MOBBS ADVISORY LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2022
31 March 2022
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 August 2022 and are signed on its behalf by:
D Mobbs
Director
Company Registration No. 09898935
DAVID MOBBS ADVISORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
1
Accounting policies
Company information

David Mobbs Advisory Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Technology Park, Colindeep Lane, Colindale, London, United Kingdom, EC4N 6EU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents invoiced sales of services, excluding value added tax. Turnover is recognised at the point of supply of services to clients.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computer equipment
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at transaction price.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

DAVID MOBBS ADVISORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
2
2
DAVID MOBBS ADVISORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 5 -
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 April 2021
1,021
5,235
6,256
Additions
-
0
3,048
3,048
At 31 March 2022
1,021
8,283
9,304
Depreciation and impairment
At 1 April 2021
747
2,987
3,734
Depreciation charged in the year
68
1,015
1,083
At 31 March 2022
815
4,002
4,817
Carrying amount
At 31 March 2022
206
4,281
4,487
At 31 March 2021
274
2,248
2,522
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
1,999
10,400
Other debtors
1,706
-
0
3,705
10,400
5
Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
57,687
4,451
Other taxation and social security
-
0
5,195
Other creditors
79,817
85,920
Accruals and deferred income
1,950
2,280
139,454
97,846
6
Related party transactions

Amounts owed to the directors are interest free and repayable on demand.

2022-03-312021-04-01false23 August 2022CCH SoftwareCCH Accounts Production 2022.200No description of principal activityD MobbsC Harkink-Mobbs098989352021-04-012022-03-3109898935bus:Director12021-04-012022-03-3109898935bus:Director22021-04-012022-03-3109898935bus:RegisteredOffice2021-04-012022-03-31098989352022-03-31098989352021-03-3109898935core:FurnitureFittings2022-03-3109898935core:ComputerEquipment2022-03-3109898935core:FurnitureFittings2021-03-3109898935core:ComputerEquipment2021-03-3109898935core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3109898935core:CurrentFinancialInstrumentscore:WithinOneYear2021-03-3109898935core:CurrentFinancialInstruments2022-03-3109898935core:CurrentFinancialInstruments2021-03-3109898935core:ShareCapital2022-03-3109898935core:ShareCapital2021-03-3109898935core:RetainedEarningsAccumulatedLosses2022-03-3109898935core:RetainedEarningsAccumulatedLosses2021-03-3109898935core:FurnitureFittings2021-04-012022-03-3109898935core:ComputerEquipment2021-04-012022-03-31098989352020-04-012021-03-3109898935core:FurnitureFittings2021-03-3109898935core:ComputerEquipment2021-03-31098989352021-03-3109898935bus:PrivateLimitedCompanyLtd2021-04-012022-03-3109898935bus:SmallCompaniesRegimeForAccounts2021-04-012022-03-3109898935bus:FRS1022021-04-012022-03-3109898935bus:AuditExempt-NoAccountantsReport2021-04-012022-03-3109898935bus:FullAccounts2021-04-012022-03-31xbrli:purexbrli:sharesiso4217:GBP