Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3122022-04-01falseFinancial management2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09898935 2022-04-01 2023-03-31 09898935 2021-04-01 2022-03-31 09898935 2023-03-31 09898935 2022-03-31 09898935 c:Director1 2022-04-01 2023-03-31 09898935 c:Director2 2022-04-01 2023-03-31 09898935 c:RegisteredOffice 2022-04-01 2023-03-31 09898935 d:FurnitureFittings 2022-04-01 2023-03-31 09898935 d:FurnitureFittings 2023-03-31 09898935 d:FurnitureFittings 2022-03-31 09898935 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09898935 d:ComputerEquipment 2022-04-01 2023-03-31 09898935 d:ComputerEquipment 2023-03-31 09898935 d:ComputerEquipment 2022-03-31 09898935 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09898935 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09898935 d:CurrentFinancialInstruments 2023-03-31 09898935 d:CurrentFinancialInstruments 2022-03-31 09898935 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09898935 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09898935 d:ShareCapital 2023-03-31 09898935 d:ShareCapital 2022-03-31 09898935 d:RetainedEarningsAccumulatedLosses 2023-03-31 09898935 d:RetainedEarningsAccumulatedLosses 2022-03-31 09898935 c:FRS102 2022-04-01 2023-03-31 09898935 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09898935 c:FullAccounts 2022-04-01 2023-03-31 09898935 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09898935









DAVID MOBBS ADVISORY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
DAVID MOBBS ADVISORY LIMITED
 
 
COMPANY INFORMATION


Directors
D Mobbs 
C Harkink-Mobbs 




Registered number
09898935



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
DAVID MOBBS ADVISORY LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
DAVID MOBBS ADVISORY LIMITED
REGISTERED NUMBER: 09898935

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,490
4,487

  
2,490
4,487

Current assets
  

Debtors: amounts falling due within one year
 5 
4,390
3,705

Cash at bank and in hand
  
219,619
380,527

  
224,009
384,232

Creditors: amounts falling due within one year
 6 
(42,634)
(139,454)

Net current assets
  
 
 
181,375
 
 
244,778

Total assets less current liabilities
  
183,865
249,265

Provisions for liabilities
  

Deferred tax
  
(623)
(853)

  
 
 
(623)
 
 
(853)

Net assets
  
183,242
248,412


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
183,240
248,410

  
183,242
248,412


Page 1

 
DAVID MOBBS ADVISORY LIMITED
REGISTERED NUMBER: 09898935
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider 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 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 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 by: 




................................................
D Mobbs
Director

Date: 14 September 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DAVID MOBBS ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

David Mobbs Advisory Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
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 £.

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.

The following principal accounting policies have been applied:

 
2.2

Turnover

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

 
2.3

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 reporting 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 reporting 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 reporting date.

Page 3

 
DAVID MOBBS ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25.00%
on reducing balance
Computer equipment
-
33.00%
on cost

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.

 
2.5

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.

 
2.6

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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially
Page 4

 
DAVID MOBBS ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
1,021
8,283
9,304



At 31 March 2023

1,021
8,283
9,304



Depreciation


At 1 April 2022
815
4,002
4,817


Charge for the year on owned assets
51
1,946
1,997



At 31 March 2023

866
5,948
6,814



Net book value



At 31 March 2023
155
2,335
2,490



At 31 March 2022
206
4,281
4,487

Page 5

 
DAVID MOBBS ADVISORY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
4,002
2,001

Other debtors
388
1,704

4,390
3,705



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,078
57,687

Other taxation and social security
590
-

Other creditors
39,016
79,817

Accruals and deferred income
1,950
1,950

42,634
139,454



7.


Related party transactions

Included within other creditors are amounts totalling £39,016 (2021 - £79,817) owed to the directors.  These amounts are interest free and repayable on demand.

 
Page 6