REGISTERED NUMBER: |
Financial Statements |
for the Period 28 December 2022 to 26 December 2023 |
for |
MOBA MOBILE AUTOMATION LTD |
REGISTERED NUMBER: |
Financial Statements |
for the Period 28 December 2022 to 26 December 2023 |
for |
MOBA MOBILE AUTOMATION LTD |
MOBA MOBILE AUTOMATION LTD (REGISTERED NUMBER: 07316399) |
Contents of the Financial Statements |
for the Period 28 December 2022 to 26 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MOBA MOBILE AUTOMATION LTD |
Company Information |
for the Period 28 December 2022 to 26 December 2023 |
Directors: |
Registered office: |
Registered number: |
Auditors: |
Chartered Accountants & |
Statutory Auditors |
Strelley Hall, Main Street, Strelley |
Nottingham |
NG8 6PE |
MOBA MOBILE AUTOMATION LTD (REGISTERED NUMBER: 07316399) |
Balance Sheet |
26 December 2023 |
2022 | 2023 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
( |
) | NET CURRENT LIABILITIES | ( |
) |
( |
) | TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year | 7 |
( |
) | NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Other reserves | 10 |
( |
) | Retained earnings | 10 | ( |
) |
( |
) | SHAREHOLDERS' FUNDS | ( |
) |
MOBA MOBILE AUTOMATION LTD (REGISTERED NUMBER: 07316399) |
Balance Sheet - continued |
26 December 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
MOBA MOBILE AUTOMATION LTD (REGISTERED NUMBER: 07316399) |
Notes to the Financial Statements |
for the Period 28 December 2022 to 26 December 2023 |
1. | STATUTORY INFORMATION |
MOBA Mobile Automation Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07316399 and its registered office address is 6 Spring Hill Road, Park Springs, Barnsley, South Yorkshire S72 7PD. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the fact that the company has the continued support of the group, which the directors have been given assurance will continue for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
The presentation currency is Pound Sterling. |
Turnover |
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of value added tax and trade discounts. Turnover is recognised on installation of the goods. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the lease term, which ever is the shorter. |
Improvements to property - Straight line over 6 years |
Plant and Machinery - Straight line over 3 years |
Fixtures, fittings and computer equipment - Straight line over 13 years and 3 years respectively |
Motor Vehicles - Straight line over 6 years |
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of accumulated depreciation and any accumulated impairment losses. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
MOBA MOBILE AUTOMATION LTD (REGISTERED NUMBER: 07316399) |
Notes to the Financial Statements - continued |
for the Period 28 December 2022 to 26 December 2023 |
2. | ACCOUNTING POLICIES - continued |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings |
Improvements | and |
to | Plant and | computer | Motor |
Totals | property | machinery | equipment | vehicles |
£ | £ | £ | £ | £ |
Cost |
At 28 December 2022 |
Additions |
At 26 December 2023 |
Depreciation |
At 28 December 2022 |
Charge for period |
At 26 December 2023 |
Net book value |
At 26 December 2023 |
At 27 December 2022 |
MOBA MOBILE AUTOMATION LTD (REGISTERED NUMBER: 07316399) |
Notes to the Financial Statements - continued |
for the Period 28 December 2022 to 26 December 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
Cost |
At 28 December 2022 |
Transfer to ownership | (58,480 | ) |
At 26 December 2023 |
Depreciation |
At 28 December 2022 |
Charge for period |
Transfer to ownership | (45,802 | ) |
At 26 December 2023 |
Net book value |
At 26 December 2023 |
At 27 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 8) |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Hire purchase contracts (see note 8) |
MOBA MOBILE AUTOMATION LTD (REGISTERED NUMBER: 07316399) |
Notes to the Financial Statements - continued |
for the Period 28 December 2022 to 26 December 2023 |
8. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
2023 | 2022 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable operating | leases |
2023 | 2022 |
£ | £ |
Within one year |
Between one and five years |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | 1 | 1,007,000 | 1,007,000 |
10. | RESERVES |
The other reserves relate to the waiver of the trade creditor balance due to the parent company. |
MOBA MOBILE AUTOMATION LTD (REGISTERED NUMBER: 07316399) |
Notes to the Financial Statements - continued |
for the Period 28 December 2022 to 26 December 2023 |
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was qualified on the following basis: |
Basis for qualified opinion |
With respect to stock having a carrying amount of £577,325 at 27 December 2021 the audit evidence available to us was limited because those figures were unaudited and we were unable to obtain sufficient appropriate audit evidence regarding the stock quantity and valuation at that date using other audit procedures. Additionally, with respect to stock quantities with a carrying amount of £409,982 as at 27 December 2022 and £354,819 as at 26 December 2023, the audit evidence available to us was limited because the retained stocktake analysis was not sufficiently detailed. Owing to the nature of the company's stock records, we were unable to obtain sufficient appropriate audit evidence regarding the stock quantities using other audit procedures. Consequently, we were unable to determine whether any adjustment to this amount at 26 December 2023 or at 27 December 2022 was necessary or whether there was any consequential effect on the cost of sales for the year ended 26 December 2023 or on the corresponding figures. |
We were unable to obtain sufficient appropriate audit evidence in respect of the net realisable value of the stock as at 27 December 2022 and 27 December 2021 which was included in the balance sheet at £409,982 (27 December 2021 - £577,325). Consequently, we were unable to obtain sufficient appropriate audit evidence regarding the valuation of this stock at either balance sheet date using other audit procedures to confirm whether or not any adjustment to the stock values was necessary, or whether there was any consequential effect on cost of sales in respect of any stock provision for the year ended 26 December 2023 or on the corresponding figures. |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law Our responsible | under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our | report.We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial | statements in the UK,including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with | these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified | opinion. |
Matters required to report by exception |
Except for the matters described in the Basis for qualified opinion section of our report, in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors. |
Acting solely from the limitation on the scope of our work relating to stock referred to above:- |
- we were unable to determine whether adequate accounting records have been kept; and |
- we have not received all of the information and explanations that we considered necessary for the purpose of |
our audit. |
for and on behalf of |
MOBA MOBILE AUTOMATION LTD (REGISTERED NUMBER: 07316399) |
Notes to the Financial Statements - continued |
for the Period 28 December 2022 to 26 December 2023 |
12. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
During the year ended 27 December 2022, a company in which MOBA Mobile Automation Limited's parent company owns a 49% stake, waived a loan totalling £641,388 owed by MOBA Mobile Automation Limited. The balance due to the related party as at 26th December 2023 was £nil (2022 : £nil). |
During the year ended 27 December 2022, MOBA Mobile Automation Limited's parent company waived a loan totalling £872,601 owed by MOBA Mobile Automation Limited. The balances outstanding |
are shown as amounts owed to group undertakings within Creditors: Amounts falling due within one year. |
The loan waived during the year ended 27 December 2022 is shown as a credit in other reserves. |
13. | CONTROLLING PARTY |
The parent company of the smallest group that draws up consolidated financial statements which include the results for MOBA Mobile Automation Limited is MOBA Mobile Automation AG and copies of these financial statements are available from its registered office, which is Kapellenstrasse 15, 65555 Limburg, Germany. |