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REGISTERED NUMBER: 07316399 (England and Wales)






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: Volker Gerhard Harms
David Peter Shelstad
Stuart Ian Sargeant





Registered office: 6 Spring Hill Road
Park Springs
Barnsley
South Yorkshire
S72 7PD





Registered number: 07316399 (England and Wales)





Auditors: Just Audit Limited
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
87,805 Tangible assets 4 87,022

CURRENT ASSETS
409,982 Stocks 354,819
319,857 Debtors 5 288,225
259,382 Cash at bank and in hand 198,446
989,221 841,490
CREDITORS
1,114,884 Amounts falling due within one year 6 1,534,635
(125,663 ) NET CURRENT LIABILITIES (693,145 )
(37,858 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(606,123

)

CREDITORS
58,664 Amounts falling due after more than one year 7 37,195
(96,522 ) NET LIABILITIES (643,318 )

CAPITAL AND RESERVES
1,007,000 Called up share capital 9 1,007,000
872,601 Other reserves 10 872,601
(1,976,123 ) Retained earnings 10 (2,522,919 )
(96,522 ) SHAREHOLDERS' FUNDS (643,318 )

MOBA MOBILE AUTOMATION LTD (REGISTERED NUMBER: 07316399)

Balance Sheet - continued
26 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Stuart Ian Sargeant - Director


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
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.

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 9 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Improvements and
to Plant and computer Motor
Totals property machinery equipment vehicles
£    £    £    £    £   
Cost
At 28 December 2022 378,320 34,027 107,398 40,681 196,214
Additions 5,450 - - 4,700 750
At 26 December 2023 383,770 34,027 107,398 45,381 196,964
Depreciation
At 28 December 2022 290,515 34,027 94,585 36,277 125,626
Charge for period 6,233 - 3,427 2,806 -
At 26 December 2023 296,748 34,027 98,012 39,083 125,626
Net book value
At 26 December 2023 87,022 - 9,386 6,298 71,338
At 27 December 2022 87,805 - 12,813 4,404 70,588

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 144,051
Transfer to ownership (58,480 )
At 26 December 2023 85,571
Depreciation
At 28 December 2022 73,870
Charge for period 1
Transfer to ownership (45,802 )
At 26 December 2023 28,069
Net book value
At 26 December 2023 57,502
At 27 December 2022 70,181

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 206,710 285,223
Other debtors 81,515 34,634
288,225 319,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 11,875 22,445
Trade creditors 31,693 40,957
Amounts owed to group undertakings 1,376,940 946,713
Taxation and social security 30,433 39,680
Other creditors 73,694 55,089
1,534,635 1,114,884

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,167 24,167
Hire purchase contracts (see note 8) 23,028 34,497
37,195 58,664

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 11,875 22,445
Between one and five years 23,028 34,497
34,903 56,942

Non-cancellable operating leases
2023 2022
£    £   
Within one year 40,000 40,000
Between one and five years 3,333 43,333
43,333 83,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,007,000 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.

David Fletcher BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Just Audit Limited

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.