Company Registration No. 04153382 (England and Wales)
MOBILE ECOSYSTEM FORUM LTD
(A COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
MOBILE ECOSYSTEM FORUM LTD
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MOBILE ECOSYSTEM FORUM LTD
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
21,074
13,296
Investments
4
2
2
21,076
13,298
Current assets
Debtors
5
375,714
309,729
Cash at bank and in hand
1,752,767
1,183,107
2,128,481
1,492,836
Creditors: amounts falling due within one year
6
(1,629,479)
(1,159,739)
Net current assets
499,002
333,097
Net assets
520,078
346,395
Reserves
Income and expenditure account
520,078
346,395
Members' funds
520,078
346,395

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

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 19 September 2023 and are signed on its behalf by:
Mr A M G Bud
Mr D Betti
Director
Director
Company Registration No. 04153382
MOBILE ECOSYSTEM FORUM LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Mobile Ecosystem Forum Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Amelia House, Crescent Road, Worthing, West Sussex, BN11 1RL.

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 £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered the impact of the COVID-19 pandemic on the company and have concluded that it has no significant ongoing adverse impact on its operations or financial position. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Income and expenditure

Income is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT where applicable.

 

Event income is recognised at the point the event occurs. Income from members subscriptions and regional offices and messaging subscriptions are recognised on a time apportioned basis. Member deposits are recognised as income on the event that a client defaults on their contractual agreement.

1.4
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, fittings and equipment
Straight line over 3 years
Computer equipment
Straight line over 3 years
Website
Straight line over 3 years

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 surplus or deficit.

MOBILE ECOSYSTEM FORUM LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

1.6
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Basic financial assets

Basic financial assets, which include trade debtors, other debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons employed by the company during the year was 3 (2022 - 3).

MOBILE ECOSYSTEM FORUM LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
3
Tangible fixed assets
Fixtures, fittings and equipment
Computer equipment
Website
Total
£
£
£
£
Cost
At 1 July 2022
4,366
36,749
395
41,510
Additions
9,571
6,562
-
0
16,133
Disposals
-
0
(1,190)
-
0
(1,190)
At 30 June 2023
13,937
42,121
395
56,453
Depreciation and impairment
At 1 July 2022
4,366
23,453
395
28,214
Depreciation charged in the year
3,099
4,958
-
0
8,057
Eliminated in respect of disposals
-
0
(892)
-
0
(892)
At 30 June 2023
7,465
27,519
395
35,379
Carrying amount
At 30 June 2023
6,472
14,602
-
0
21,074
At 30 June 2022
-
0
13,296
-
0
13,296
4
Fixed asset investments
2023
2022
£
£
Investments
2
2

The company is the sole member of the following company:

 

MEF LatAm - incorporated in Brazil.

 

This company acts as a local representative for Mobile Ecosystem Forum, all of their transactions are undertaken on behalf of Mobile Ecosystem Forum and reported within these financial statements.

Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 July 2022 & 30 June 2023
2
Carrying amount
At 30 June 2023
2
At 30 June 2022
2
MOBILE ECOSYSTEM FORUM LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
261,451
229,761
Other debtors
114,263
79,968
375,714
309,729
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
142,148
129,376
Corporation tax
44,402
33,602
Other taxation and social security
76,352
29,980
Other creditors
1,366,577
966,781
1,629,479
1,159,739
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Robin Evans BA FCA CTA.
The auditor was Carpenter Box.
Carpenter Box is a trading name of Carpenter Box Limited
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
18,391
10,800
2023-06-302022-07-01false20 September 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityThis audit opinion is unqualifiedMr A M G BudMr R P GerstmannMr J M LunnMr R P De Lima SampaioMr W AdamMr D BettiE J O CarvalhoD GhalaienyMs V DebrisM Gonz LezMr N MillwardA AggarwalR G RoseM N CarobeneM GattaJ H JonesV MagoniT J WardMr A M G Bud041533822022-07-012023-06-30041533822023-06-30041533822022-06-3004153382core:FurnitureFittings2023-06-3004153382core:ComputerEquipment2023-06-3004153382core:MotorVehicles2023-06-3004153382core:FurnitureFittings2022-06-3004153382core:ComputerEquipment2022-06-3004153382core:MotorVehicles2022-06-3004153382core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3004153382core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3004153382core:CurrentFinancialInstruments2023-06-3004153382core:CurrentFinancialInstruments2022-06-3004153382core:RetainedEarningsAccumulatedLosses2023-06-3004153382core:RetainedEarningsAccumulatedLosses2022-06-3004153382bus:CompanySecretaryDirector12022-07-012023-06-3004153382bus:Director52022-07-012023-06-3004153382core:FurnitureFittings2022-07-012023-06-3004153382core:ComputerEquipment2022-07-012023-06-3004153382core:MotorVehicles2022-07-012023-06-30041533822021-07-012022-06-3004153382core:FurnitureFittings2022-06-3004153382core:ComputerEquipment2022-06-3004153382core:MotorVehicles2022-06-30041533822022-06-3004153382bus:CompanyLimitedByGuarantee2022-07-012023-06-3004153382bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3004153382bus:FRS1022022-07-012023-06-3004153382bus:Audited2022-07-012023-06-3004153382bus:Director12022-07-012023-06-3004153382bus:Director22022-07-012023-06-3004153382bus:Director32022-07-012023-06-3004153382bus:Director42022-07-012023-06-3004153382bus:Director62022-07-012023-06-3004153382bus:Director72022-07-012023-06-3004153382bus:Director82022-07-012023-06-3004153382bus:Director92022-07-012023-06-3004153382bus:Director102022-07-012023-06-3004153382bus:Director112022-07-012023-06-3004153382bus:Director122022-07-012023-06-3004153382bus:Director132022-07-012023-06-3004153382bus:Director142022-07-012023-06-3004153382bus:Director152022-07-012023-06-3004153382bus:Director162022-07-012023-06-3004153382bus:Director172022-07-012023-06-3004153382bus:Director182022-07-012023-06-3004153382bus:CompanySecretary12022-07-012023-06-3004153382bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP