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REGISTERED NUMBER: 04153382 (England and Wales)









AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MOBILE ECOSYSTEM FORUM LTD

MOBILE ECOSYSTEM FORUM LTD (REGISTERED NUMBER: 04153382)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOBILE ECOSYSTEM FORUM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A Waheed
A Aggarwal
A Akra
D Betti
R P Gerstmann
M Lafrentz
J M Lunn
V Magoni
R P D L Sampaio
R Singla
D G Wakankar
T J Ward





REGISTERED OFFICE: Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR





REGISTERED NUMBER: 04153382 (England and Wales)





AUDITORS: Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

MOBILE ECOSYSTEM FORUM LTD (REGISTERED NUMBER: 04153382)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 51,464 -
Tangible assets 6 16,371 21,074
Investments 7 - 2
67,835 21,076

CURRENT ASSETS
Debtors 8 415,628 375,714
Cash at bank 1,817,324 1,752,767
2,232,952 2,128,481
CREDITORS
Amounts falling due within one year 9 1,542,790 1,629,479
NET CURRENT ASSETS 690,162 499,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

757,997

520,078

PROVISIONS FOR LIABILITIES 10 12,866 -
NET ASSETS 745,131 520,078

RESERVES
Income and expenditure account 745,131 520,078
745,131 520,078

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 15 October 2024 and were signed on its behalf by:




D Betti - Director



T J Ward - Director


MOBILE ECOSYSTEM FORUM LTD (REGISTERED NUMBER: 04153382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Mobile Ecosystem Forum Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 £1.

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

(i) Event income is recognised at the point the event occurs.

(ii) Income from members subscriptions, regional offices and messaging subscriptions are recognised on a time apportioned basis.

(iii) Members deposits are recognised as income on the event that a client defaults on their contractual agreement.

Website development costs
Capitalised website development costs are recorded as intangible assets and amortised from the point at which the asset is ready for use.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Financial instruments
Cash in hand is measured at transaction price.

Debtors. Trade and other debtors are measured at transaction price. Trade debtors are amounts due from
customers for goods or services performed in the ordinary course of business less any impairment provision.
These are recognised as current assets as collection is due within one year or less.

Creditors: amounts falling due within one year are measured at transaction price. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business. These are classified as current liabilities as payment is due in one year or less.

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.


MOBILE ECOSYSTEM FORUM LTD (REGISTERED NUMBER: 04153382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. ACCOUNTING POLICIES - continued
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.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 51,464
At 30 June 2024 51,464
NET BOOK VALUE
At 30 June 2024 51,464

MOBILE ECOSYSTEM FORUM LTD (REGISTERED NUMBER: 04153382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 13,937 42,516 56,453
Additions 1,408 4,819 6,227
At 30 June 2024 15,345 47,335 62,680
DEPRECIATION
At 1 July 2023 7,465 27,914 35,379
Charge for year 3,424 7,506 10,930
At 30 June 2024 10,889 35,420 46,309
NET BOOK VALUE
At 30 June 2024 4,456 11,915 16,371
At 30 June 2023 6,472 14,602 21,074

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 2
Reclassification/transfer (2 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 2

The company does not have any subsidiaries.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 243,434 261,451
Other debtors 172,194 114,263
415,628 375,714

MOBILE ECOSYSTEM FORUM LTD (REGISTERED NUMBER: 04153382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 47,277 142,148
Tax 65,314 44,402
Social security and other taxes 20,132 37,937
VAT 50,241 38,415
Other creditors 500,423 504,244
Accruals and deferred income 859,403 862,333
1,542,790 1,629,479

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 12,866 -

Deferred
tax
£   
Provided during year 12,866
Balance at 30 June 2024 12,866

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew FCA (Senior Statutory Auditor)
for and on behalf of Hartley Fowler LLP

12. FINANCIAL COMMITMENTS

At the year end the company had a contractual commitment of £51,592 for website development costs.

13. LIMITED BY GUARANTEE

The company is limited by guarantee, not having share capital and consequently the liability of members is limited, subject to an an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.