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COMPANY REGISTRATION NUMBER: 06759375
MOBILE EDGE UK LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2023
MOBILE EDGE UK LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
MOBILE EDGE UK LIMITED
BALANCE SHEET
30 November 2023
2023
2022
Note
£
£
Current assets
Debtors
6
99
54,459
Cash at bank and in hand
10,925
11,650
------------
------------
11,024
66,109
Creditors: amounts falling due within one year
7
( 28,995)
( 43,034)
------------
------------
Net current (liabilities)/assets
( 17,971)
23,075
------------
------------
Total assets less current liabilities
( 17,971)
23,075
------------
------------
Net (liabilities)/assets
( 17,971)
23,075
------------
------------
Capital and reserves
Called up share capital
8
99
99
Profit and loss account
( 18,070)
22,976
------------
------------
Shareholders (deficit)/funds
( 17,971)
23,075
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 April 2024 , and are signed on behalf of the board by:
W V Holt
Director
Company registration number: 06759375
MOBILE EDGE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales, company number 06759375 . The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Turnover
The company has derived all of its turnover from within the United Kingdom.
5. Tangible assets
Computer equipment
Total
£
£
Cost
At 1 December 2022 and 30 November 2023
915
915
------------
------------
Depreciation
At 1 December 2022 and 30 November 2023
915
915
------------
------------
Carrying amount
At 30 November 2023
------------
------------
At 30 November 2022
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
54,360
Other debtors
99
99
------------
------------
99
54,459
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
5,300
Accruals and deferred income
750
500
Social security and other taxes
495
9,484
Loans
27,750
27,750
------------
------------
28,995
43,034
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
99
99
99
99
------------
------------
------------
------------
9. Going concern
The directors are providing ongoing working capital to enable the company to continue trading. Consequently, the accounts have been prepared on a going concern basis.
10. Related party transactions
The loans set out at creditors are owed to certain shareholders and are unsecured, repayable on demand and currently interest-free. There is no one controlling party of the company.