Caseware UK (AP4) 2021.0.152 2021.0.152 2023-03-312023-03-3192022-04-01falseNo description of principal activity10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06072719 2022-04-01 2023-03-31 06072719 2021-04-01 2022-03-31 06072719 2023-03-31 06072719 2022-03-31 06072719 c:Director1 2022-04-01 2023-03-31 06072719 c:RegisteredOffice 2022-04-01 2023-03-31 06072719 d:PlantMachinery 2022-04-01 2023-03-31 06072719 d:MotorVehicles 2022-04-01 2023-03-31 06072719 d:MotorVehicles 2023-03-31 06072719 d:MotorVehicles 2022-03-31 06072719 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06072719 d:FurnitureFittings 2022-04-01 2023-03-31 06072719 d:FurnitureFittings 2023-03-31 06072719 d:FurnitureFittings 2022-03-31 06072719 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06072719 d:OfficeEquipment 2022-04-01 2023-03-31 06072719 d:OfficeEquipment 2023-03-31 06072719 d:OfficeEquipment 2022-03-31 06072719 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06072719 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06072719 d:CurrentFinancialInstruments 2023-03-31 06072719 d:CurrentFinancialInstruments 2022-03-31 06072719 d:Non-currentFinancialInstruments 2023-03-31 06072719 d:Non-currentFinancialInstruments 2022-03-31 06072719 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06072719 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06072719 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06072719 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 06072719 d:ShareCapital 2023-03-31 06072719 d:ShareCapital 2022-03-31 06072719 d:RetainedEarningsAccumulatedLosses 2023-03-31 06072719 d:RetainedEarningsAccumulatedLosses 2022-03-31 06072719 c:OrdinaryShareClass1 2022-04-01 2023-03-31 06072719 c:OrdinaryShareClass1 2023-03-31 06072719 c:OrdinaryShareClass1 2022-03-31 06072719 c:FRS102 2022-04-01 2023-03-31 06072719 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06072719 c:FullAccounts 2022-04-01 2023-03-31 06072719 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06072719












MOBILE BUSINESS SOLUTIONS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED
 31 MARCH 2023


























 


img4639.png
01483 755 399
hamlyns.com

 
MOBILE BUSINESS SOLUTIONS LTD
 

COMPANY INFORMATION


Director
Daniel Ratcliff 




Registered number
06072719



Registered office
Unit 2
Kings Court

Burrows Lane

Gomshall

Surrey

GU5 9QE




Accountants
Hamlyns Limited
Chartered Accountants

Sundial House

High Street

Horsell

Woking

GU21 4SU






 
MOBILE BUSINESS SOLUTIONS LTD
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 10


 
MOBILE BUSINESS SOLUTIONS LTD
REGISTERED NUMBER: 06072719

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,680
26,183

  
1,680
26,183

Current assets
  

Stocks
 5 
28,621
24,172

Debtors: amounts falling due after more than one year
 6 
278,861
286,728

Debtors: amounts falling due within one year
 6 
735,077
816,502

Bank and cash balances
  
225,448
161,498

  
1,268,007
1,288,900

Creditors: amounts falling due within one year
 7 
(422,157)
(519,718)

Net current assets
  
 
 
845,850
 
 
769,182

Total assets less current liabilities
  
847,530
795,365

Creditors: amounts falling due after more than one year
 8 
(29,924)
(39,726)

Provisions for liabilities
  

Deferred tax
  
(318)
(4,974)

  
 
 
(318)
 
 
(4,974)

Net assets
  
817,288
750,665


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
817,188
750,565

  
817,288
750,665


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 October 2023.
Page 1

 
MOBILE BUSINESS SOLUTIONS LTD
REGISTERED NUMBER: 06072719

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023





Daniel Ratcliff
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MOBILE BUSINESS SOLUTIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Mobile Business Solutions Ltd is a private limited company, limited by shares, incorporated in England and Wales. The company's registered number and registered office are below:
Registered number: 06072719
Registered address: Unit 2 Kings Court Burrows Lane, Gomshall, Guildford, England, GU5 9QE

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

These amounts are presented in sterling and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MOBILE BUSINESS SOLUTIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
MOBILE BUSINESS SOLUTIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Motor vehicles
-
25%
Fixtures and fittings
-
33%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
MOBILE BUSINESS SOLUTIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 10).

Page 6

 
MOBILE BUSINESS SOLUTIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
80,700
1,983
10,514
93,197


Additions
-
-
2,216
2,216


Disposals
(80,700)
-
-
(80,700)



At 31 March 2023

-
1,983
12,730
14,713



Depreciation


At 1 April 2022
55,166
1,923
9,925
67,014


Charge for the year on owned assets
-
20
1,165
1,185


Disposals
(55,166)
-
-
(55,166)



At 31 March 2023

-
1,943
11,090
13,033



Net book value



At 31 March 2023
-
40
1,640
1,680



At 31 March 2022
25,534
60
589
26,183


5.


Stocks

2023
2022
£
£

Finished goods
28,621
24,172

28,621
24,172


Page 7

 
MOBILE BUSINESS SOLUTIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
278,861
286,728

278,861
286,728


2023
2022
£
£

Due within one year

Trade debtors
207,697
363,748

Other debtors
466,132
325,853

Prepayments and accrued income
61,248
126,901

735,077
816,502



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,768
9,491

Trade creditors
96,132
314,825

Corporation tax
44,508
55,841

Other taxation and social security
29,977
32,332

Other creditors
234,333
99,840

Accruals and deferred income
7,439
7,389

422,157
519,718


Obligations under finance leases and hire purchase contracts are secured on the asset to which they relate.

Page 8

 
MOBILE BUSINESS SOLUTIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
29,924
39,726

29,924
39,726


Obligations under finance leases and hire purchase contracts are secured on the asset to which they relate.

Page 9

 
MOBILE BUSINESS SOLUTIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


Pension commitments

Total amounts of pension commitments at the year end were £1,067 (2022 - £1,359).


11.


Related party transactions

At the year end, Mr D Ratcliff, a director, owed the company £NIL (2022 - £205). This amount is interest free and repayable on demand. The balance is included in other debtors.
At the year end, SCT Mobile Ltd, a company under common control, owed the company £278,861 (2022 - £286,728). This amount is interest free and repayable on demand, and included in other debtors greater than 1 year.
At the year end, CG Utilities Limited, a company under common control, was owed £21,419 (2022 - £NIL) by the entity. 


12.


Controlling party

The company is controlled by its director, by way of 100% ownership of the issued share capital.


Page 10