Registration number:
Mobile Systems International Limited
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Brebners
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Mobile Systems International Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Mobile Systems International Limited
Company Information
Director |
F Al Faisal |
Registered office |
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Auditor |
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Mobile Systems International Limited
Statement of Financial Position as at 31 March 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
1,000 |
1,000 |
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Retained earnings |
(155,356) |
(151,028) |
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Shareholders' deficit |
(154,356) |
(150,028) |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.
Approved and authorised by the
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F Al Faisal
Director
Company registration number: 06058011
Mobile Systems International Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of consultancy services in respect of research and development of information technology.
Audit Report |
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
At 31 March 2023 the company had net liabilities amounting to £154,356, which includes an amount of £150,576 due to the parent undertaking. This company has indicated that it will continue to support the company and to not call for repayment until such time as the company has sufficient working capital and to provide further working capital in the forthcoming year if required.
Based on the above, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis has been adopted in preparing the financial statements.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.
The company recognises turnover from services provided evenly over the period in which they are provided.
Mobile Systems International Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company during the year, was
Auditor's remuneration |
2023 |
2022 |
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Audit of the financial statements |
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Debtors |
2023 |
2022 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
In accordance with FRS102 paragraph 1AC.35, exemption is taken not to disclose transactions in the year or amounts falling due between companies wholly owed within the group