HOTSPOT MOBILES LTD

Company Registration Number:
11534362 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

HOTSPOT MOBILES LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

HOTSPOT MOBILES LTD

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal activities of the company

The director presents his report and the financial statements for the year ended 31 August 2023. Statement of Director's Responsibilities The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to: select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Directors The directors who held office during the year were as follows: Mr Mohsin Nawaz Cheema Small Company Rules This report has 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.



Directors

The director shown below has held office during the whole of the period from
1 September 2022 to 31 August 2023

Mohsin Nawaz Cheema


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 August 2024

And signed on behalf of the board by:
Name: Mohsin Nawaz Cheema
Status: Director

HOTSPOT MOBILES LTD

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 45,701 45,161
Cost of sales: ( 43,370 ) ( 43,468 )
Gross profit(or loss): 2,331 1,693
Distribution costs: 0 ( 174 )
Administrative expenses: ( 3,743 ) ( 3,253 )
Operating profit(or loss): (1,412) (1,734)
Profit(or loss) before tax: (1,412) (1,734)
Profit(or loss) for the financial year: (1,412) (1,734)

HOTSPOT MOBILES LTD

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Called up share capital not paid: 100 100
Creditors: amounts falling due within one year: 3 ( 3,231 ) ( 5,088 )
Net current assets (liabilities): (3,231) (5,088)
Total assets less current liabilities: (3,131) ( 4,988)
Total net assets (liabilities): (3,131) (4,988)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (3,231 ) (5,088 )
Total Shareholders' funds: ( 3,131 ) (4,988)

The notes form part of these financial statements

HOTSPOT MOBILES LTD

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Mohsin Nawaz Cheema
Status: Director

The notes form part of these financial statements

HOTSPOT MOBILES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Other accounting policies

    Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

HOTSPOT MOBILES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

    Average number of employees, including directors, during the year was as follows: (2022: Nil)

HOTSPOT MOBILES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 3,231 5,088
Total 3,231 5,088