The Mobile Phone House Limited 05783164 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is other retail sale in non-specialised stores. Digita Accounts Production Advanced 6.30.9574.0 true 05783164 2023-04-01 2024-03-31 05783164 2024-03-31 05783164 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05783164 core:FurnitureFittings 2024-03-31 05783164 core:PlantMachinery 2024-03-31 05783164 bus:SmallEntities 2023-04-01 2024-03-31 05783164 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05783164 bus:FilletedAccounts 2023-04-01 2024-03-31 05783164 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05783164 bus:RegisteredOffice 2023-04-01 2024-03-31 05783164 bus:CompanySecretary1 2023-04-01 2024-03-31 05783164 bus:Director2 2023-04-01 2024-03-31 05783164 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05783164 core:FurnitureFittings 2023-04-01 2024-03-31 05783164 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 05783164 core:PlantMachinery 2023-04-01 2024-03-31 05783164 countries:AllCountries 2023-04-01 2024-03-31 05783164 2023-03-31 05783164 core:FurnitureFittings 2023-03-31 05783164 core:PlantMachinery 2023-03-31 05783164 2022-04-01 2023-03-31 05783164 2023-03-31 05783164 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05783164 core:FurnitureFittings 2023-03-31 05783164 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 05783164

The Mobile Phone House Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

The Mobile Phone House Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

The Mobile Phone House Limited

Company Information

Director:

Mr K Malik

Company secretary:

Mrs A Malik

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

05783164

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

The Mobile Phone House Limited

(Registration number: 05783164)
Balance Sheet as at 31 March 2024

Note

31.03.24

31.03.23

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

1,398

 

2,163

CURRENT ASSETS

   

 

Stocks

5

950

 

1,400

 

Debtors

6

5,250

 

1,750

 

Cash at bank and in hand

 

6,930

 

10,190

 

 

13,130

 

13,340

 

CREDITORS

   

 

Creditors within 1yr

7

12,566

 

14,000

 

Net current assets/(liabilities)

   

564

 

(660)

Net assets

   

1,962

 

1,503

CAPITAL AND RESERVES

   

 

Called up share capital

 

1

 

1

Profit and loss account

 

1,961

 

1,502

Shareholders' funds

   

1,962

 

1,503

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 October 2024

.........................................
Mr K Malik
Director

 

The Mobile Phone House Limited

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

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 16 October 2024.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Tax

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.

 

The Mobile Phone House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line basis

Fixtures and fittings

25% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

 

The Mobile Phone House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4.

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

4,499

7,477

11,976

At 31 March 2024

4,499

7,477

11,976

Depreciation

At 1 April 2023

4,499

5,314

9,813

Charge for the year

-

765

765

At 31 March 2024

4,499

6,079

10,578

Carrying amount

At 31 March 2024

-

1,398

1,398

At 31 March 2023

-

2,163

2,163

5.

Stocks

31.03.24
£

31.03.23
£

Stocks

950

1,400

6.

Debtors

Current

31.03.24
£

31.03.23
£

Trade debtors

3,500

-

Other debtors

1,750

1,750

 

5,250

1,750

 

The Mobile Phone House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7.

Creditors

Creditors: amounts falling due within one year

31.03.24
£

31.03.23
£

Due within one year

Trade creditors

-

1,000

Accruals and deferred income

2,007

1,634

Other creditors

10,559

11,366

12,566

14,000

Included in other creditors is amount of £8,024 owed to the director on which no interest or repayment terms have been set.