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Mobilechief Limited
Registered Number:07433192
For the period ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 31 March 2023
Mobilechief Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07433192
As at 31 March 2023
Mobilechief Limited
Statement of Financial Position
£
£
2021
2023
Notes
Fixed assets
Property, plant and equipment
8,172
6,889
2
Financial assets
-
1,200
3
9,372
6,889
Current assets
Inventories
130,469
46,708
4
Trade and other receivables
80,469
414
5
3,780
Cash and cash equivalents
163,669
210,791
214,718
Trade and other payables: amounts falling due within one
year
(115,197)
(67,756)
6
99,521
143,035
Net current assets
Total assets less current liabilities
152,407
106,410
(1,459)
(1,195)
Provisions for liabilities
150,948
Net assets
105,215
Capital and reserves
Called up share capital
2
2
Retained earnings
150,946
105,213
150,948
105,215
Shareholders' funds
For the period ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Yahya Patel Director
These financial statements were approved and authorised for issue by the Board on 09 October 2023 and were signed by:
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4
Registered Number :
07433192
For the period ended 31 March 2023
Mobilechief Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the period ended 31 March 2023
Mobilechief Limited
Notes to the Financial Statements
Statutory Information
Mobilechief Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07433192.
Registered address:
179 St Helens Road
Bolton
Lancashire
BL3 3PS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Straight line
Computer equipment
20 Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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6
For the period ended 31 March 2023
Mobilechief Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 November 2021
19,806
8,093
11,713
4,682
4,682
-
Additions
At 31 March 2023
11,713
12,775
24,488
Provision for depreciation and impairment
At 01 November 2021
12,917
6,316
6,601
Charge for period
3,399
1,252
2,147
At 31 March 2023
16,316
7,568
8,748
At 31 March 2023
Net book value
2,965
5,207
8,172
At 31 October 2021
5,112
1,777
6,889
3. Investments held as fixed assets
Other investments
Total
Cost
£
£
1,200
1,200
Additions
At 31 March 2023
1,200
1,200
At 31 March 2023
Net book value
1,200
1,200
4. Inventories
2021
2023
£
£
Stocks
46,708
130,469
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7
For the period ended 31 March 2023
Mobilechief Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2021
2023
£
£
Trade debtors
(586)
43,090
Other debtors
1,000
37,379
80,469
414
6. Trade and other payables: amounts falling due within one year
2021
2023
£
£
Bank loans and overdraft
27,479
108,448
Trade creditors
3,416
(17,416)
Taxation and social security
8,171
-
Other creditors
28,690
24,165
67,756
115,197
7. Average number of persons employed
During the year the average number of employees was 5 (2021 : 6)
5 of 5