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REGISTERED NUMBER: 07858579 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MOBILE GIS SERVICES LIMITED

MOBILE GIS SERVICES LIMITED (REGISTERED NUMBER: 07858579)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


MOBILE GIS SERVICES LIMITED (REGISTERED NUMBER: 07858579)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 656,627 537,452
Tangible assets 5 2,951 2,539
659,578 539,991

CURRENT ASSETS
Stocks 43,668 57,243
Debtors 6 275,052 232,261
Cash at bank 65,060 88,505
383,780 378,009
CREDITORS
Amounts falling due within one year 7 571,181 503,890
NET CURRENT LIABILITIES (187,401 ) (125,881 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

472,177

414,110

CREDITORS
Amounts falling due after more than one year 8 (190,753 ) (38,905 )

PROVISIONS FOR LIABILITIES (62,738 ) (44,984 )
NET ASSETS 218,686 330,221

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 218,586 330,121
SHAREHOLDERS' FUNDS 218,686 330,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MOBILE GIS SERVICES LIMITED (REGISTERED NUMBER: 07858579)

BALANCE SHEET - continued
31 OCTOBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





M A Darracott - Director


MOBILE GIS SERVICES LIMITED (REGISTERED NUMBER: 07858579)

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


1. STATUTORY INFORMATION

Mobile Gis Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07858579

Registered office: 122 Century Building
Tower Street
Brunswick Business Park
Liverpool
L3 4BJ

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue represents sales of software and hardware, consultancy income and support and maintenance income.

Software and hardware sales income is recognised in full on the delivery of the product. Support and maintenance income is deferred at the date of invoicing and released to the profit and loss account over the duration of the contract. The balance of maintenance income not released to the profit and loss account is carried in the balance sheet within deferred income. Consultancy income is recognised in the month the services are performed.

Intangible assets - development costs
Research costs are expensed as incurred. Development expenditures on an individual project are recognised as an intangible asset when the company can demonstrate:

* The technical feasibility of completing the intangible asset so that the asset will be available for use or sale

* The intention to complete and its ability to use or sell the asset

* How the asset will generate future economic benefits

* The availability of resources to complete the asset

* The ability to measure reliably the expenditure during development

* The ability to use the intangible asset generated

Where the directors are satisfied as to the technical, commercial and financial viability of the project, the identifiable expenditure is deferred and amortised over the period during which the company is expected to benefit which is five years.

MOBILE GIS SERVICES LIMITED (REGISTERED NUMBER: 07858579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on cost
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

MOBILE GIS SERVICES LIMITED (REGISTERED NUMBER: 07858579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022 669,610
Additions 249,975
At 31 October 2023 919,585
AMORTISATION
At 1 November 2022 132,158
Charge for year 130,800
At 31 October 2023 262,958
NET BOOK VALUE
At 31 October 2023 656,627
At 31 October 2022 537,452

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 November 2022 3,293 7,589 10,882
Additions 859 2,062 2,921
At 31 October 2023 4,152 9,651 13,803
DEPRECIATION
At 1 November 2022 3,116 5,227 8,343
Charge for year 304 2,205 2,509
At 31 October 2023 3,420 7,432 10,852
NET BOOK VALUE
At 31 October 2023 732 2,219 2,951
At 31 October 2022 177 2,362 2,539

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 161,193 105,189
Other debtors 113,859 127,072
275,052 232,261

MOBILE GIS SERVICES LIMITED (REGISTERED NUMBER: 07858579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,010 5,159
Trade creditors 115,817 149,344
Amounts owed to group undertakings 77,831 95,331
Taxation and social security 75,785 18,814
Other creditors 270,738 235,242
571,181 503,890

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 190,753 38,905

9. OTHER FINANCIAL COMMITMENTS

The company has operating lease commitments at the year end as follows:



2023
£
Due within 1 year11,625
Due within 2-5 years30,225
41,850

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £2,062 (2022: £1,146) were due to the fund. They are included in other creditors.

11. PARENT COMPANY

The immediate and ultimate parent undertaking and controlling party is Purple River (Services) Limited. The registered office of Purple River (Services) Limited is 46a Jamaica Street, Liverpool, L1 0AF. Copies of the accounts of Purple River (Services) Limited can be obtained from Companies House.