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Company Registration No. 12453991 (England and Wales)
Mobile Commercial Services Ltd Unaudited accounts for the year ended 28 February 2023
Mobile Commercial Services Ltd Unaudited accounts Contents
Page
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Mobile Commercial Services Ltd Company Information for the year ended 28 February 2023
Director
Mr Benjamin Kennedy
Company Number
12453991 (England and Wales)
Registered Office
Beacon Farm Moor Road St Neots PE19 5BW
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Mobile Commercial Services Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,242 
21,886 
Current assets
Debtors
38,942 
6,707 
Cash at bank and in hand
26,947 
21,952 
65,889 
28,659 
Creditors: amounts falling due within one year
(35,552)
(10,095)
Net current assets
30,337 
18,564 
Net assets
52,579 
40,450 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
52,578 
40,449 
Shareholders' funds
52,579 
40,450 
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2023 and were signed on its behalf by
Mr Benjamin Kennedy Director Company Registration No. 12453991
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Mobile Commercial Services Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Mobile Commercial Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12453991. The registered office is Beacon Farm, Moor Road, St Neots, PE19 5BW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Mobile Commercial Services Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
21,655 
12,000 
33,655 
Additions
5,917 
- 
5,917 
At 28 February 2023
27,572 
12,000 
39,572 
Depreciation
At 1 March 2022
7,449 
4,320 
11,769 
Charge for the year
4,025 
1,536 
5,561 
At 28 February 2023
11,474 
5,856 
17,330 
Net book value
At 28 February 2023
16,098 
6,144 
22,242 
At 28 February 2022
14,206 
7,680 
21,886 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
35,802 
2,779 
Accrued income and prepayments
3,140 
3,928 
38,942 
6,707 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,602 
52 
Trade creditors
2 
500 
Taxes and social security
11,468 
7,690 
Loans from directors
18,480 
803 
Accruals
1,000 
1,050 
35,552 
10,095 
7
Transactions with related parties
During the year the director had a loan to the company. As at 28 February 2023 the balance owed to the director was £18,480 (2022: £803).
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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