Company registration number 05035376 (England and Wales)
Mowbray Communications Limited
Unaudited
financial statements
for the year ended 28 February 2024
PAGES FOR FILING WITH REGISTRAR
Mowbray Communications Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Mowbray Communications Limited
Statement of Financial Position
as at 28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
277,146
133,759
Current assets
Debtors
127,734
104,430
Cash at bank and in hand
104,713
130,581
232,447
235,011
Creditors: amounts falling due within one year
(150,806)
(125,764)
Net current assets
81,641
109,247
Total assets less current liabilities
358,787
243,006
Provisions for liabilities
(39,554)
(2,817)
Net assets
319,233
240,189
Capital and reserves
Called up share capital
100
100
Revaluation reserve
98,300
-
0
Profit and loss reserves
220,833
240,089
Total equity
319,233
240,189
Mowbray Communications Limited
Statement of Financial Position (continued)
as at 28 February 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 4 October 2024 and are signed on its behalf by:
C E Mowbray
Director
Company Registration No. 05035376
Mowbray Communications Limited
Notes to the financial statements
for the year ended 28 February 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised on date of invoice.

Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings freehold
nil
Equipment
25% straight line
Website
25% reducing balance
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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 represent accumulated differences between the company’s taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Mowbray Communications Limited
Notes to the financial statements (continued)
for the year ended 28 February 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
10
3
Tangible fixed assets
Land and buildings freehold
Equipment
Website
Total
£
£
£
£
Cost
At 1 March 2023
118,933
77,866
53,368
250,167
Additions
-
0
1,356
17,280
18,636
Revaluation
131,067
-
0
-
0
131,067
At 28 February 2024
250,000
79,222
70,648
399,870
Depreciation and impairment
At 1 March 2023
-
0
69,827
46,581
116,408
Depreciation charged in the year
-
0
4,619
1,697
6,316
At 28 February 2024
-
0
74,446
48,278
122,724
Carrying amount
At 28 February 2024
250,000
4,776
22,370
277,146
At 28 February 2023
118,933
8,039
6,787
133,759
The property was revalued on 13 December 2022 at market value. The historic cost of the property at 28 February 2024 was £118,933.
4
Company information

Mowbray Communications Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mcl Global, Hallcroft House, Castleford Road, Normanton, West Yorkshire, WF6 2DW.

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