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REGISTERED NUMBER: 07058976 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Mobile Outboard Services Limited

Mobile Outboard Services Limited (Registered number: 07058976)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mobile Outboard Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J J Brader





REGISTERED OFFICE: 4 Sussex Row
Bristol Gardens
Brighton
England
BN2 5JY





REGISTERED NUMBER: 07058976 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Ltd
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Mobile Outboard Services Limited (Registered number: 07058976)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,286 2,171

CURRENT ASSETS
Stocks 5 28,013 21,900
Debtors 6 9,986 30,134
Cash at bank 44,018 34,506
82,017 86,540
CREDITORS
Amounts falling due within one year 7 (27,731 ) (51,106 )
NET CURRENT ASSETS 54,286 35,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,572

37,605

PROVISIONS FOR LIABILITIES 8 (434 ) (413 )
NET ASSETS 56,138 37,192

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 55,138 36,192
SHAREHOLDERS' FUNDS 56,138 37,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Outboard Services Limited (Registered number: 07058976)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 6 September 2024 and were signed by:





J J Brader - Director


Mobile Outboard Services Limited (Registered number: 07058976)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mobile Outboard Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Mobile Outboard Services Limited (Registered number: 07058976)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 5,182 497 20,661 2,417 28,757
Additions - - - 2,440 2,440
Disposals - - - (915 ) (915 )
At 31 March 2024 5,182 497 20,661 3,942 30,282
DEPRECIATION
At 1 April 2023 4,056 285 20,661 1,584 26,586
Charge for year 1,126 124 - 732 1,982
Eliminated on disposal - - - (572 ) (572 )
At 31 March 2024 5,182 409 20,661 1,744 27,996
NET BOOK VALUE
At 31 March 2024 - 88 - 2,198 2,286
At 31 March 2023 1,126 212 - 833 2,171

5. STOCKS
2024 2023
£    £   
Stocks 28,013 21,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,269 21,789
Rent deposit 1,717 902
Payee/NI - 2,192
VAT - 5,251
9,986 30,134

Mobile Outboard Services Limited (Registered number: 07058976)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,017 39,153
Corporation tax 5,243 2,720
VAT 816 -
Other creditors 147 6,319
Advance Payments - 417
Directors' current accounts 2,434 2,434
Accruals and deferred income 74 63
27,731 51,106

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 434 413

Deferred
tax
£   
Balance at 1 April 2023 413
Provided during year 21
Balance at 31 March 2024 434

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is J J Brader.