Company Registration No. 08416221 (England and Wales)
G Mobley Electrics Ltd
Unaudited accounts
for the year ended 29 February 2024
G Mobley Electrics Ltd
Unaudited accounts
Contents
G Mobley Electrics Ltd
Company Information
for the year ended 29 February 2024
Directors
Glyn Mobley
Carol Mobley
Company Number
08416221 (England and Wales)
Registered Office
4 Grange Road
Llanrhos
Llandudno
Gwynedd
LL30 1SN
Wales
Accountants
Bisby Accountancy Ltd
The Cottage
23 Llandudno Road
Penrhyn Bay
Llandudno
Conwy
LL30 3EP
G Mobley Electrics Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
93,711
79,017
Cash at bank and in hand
59,589
104,207
Creditors: amounts falling due within one year
(99,568)
(119,363)
Net current liabilities
(21,016)
(15,156)
Called up share capital
100
100
Profit and loss account
72,595
63,761
Shareholders' funds
72,695
63,861
For the year ending 29 February 2024 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 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 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 of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by
Glyn Mobley
Director
Company Registration No. 08416221
G Mobley Electrics Ltd
Notes to the Accounts
for the year ended 29 February 2024
G Mobley Electrics Ltd is a private company, limited by shares, registered in England and Wales, registration number 08416221. The registered office is 4 Grange Road, Llanrhos, Llandudno, Gwynedd, LL30 1SN, Wales.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% Reducing balance
Motor vehicles
25% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
78,416
500
7,500
86,416
Additions
-
-
19,792
19,792
At 29 February 2024
78,416
500
27,292
106,208
At 1 March 2023
-
463
6,936
7,399
Charge for the year
-
9
5,089
5,098
At 29 February 2024
-
472
12,025
12,497
At 29 February 2024
78,416
28
15,267
93,711
At 28 February 2023
78,416
37
564
79,017
G Mobley Electrics Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
181
6,221
Loans from directors
98,937
110,355
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).