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COMPANY REGISTRATION NUMBER: 03184589
Mobile Electronic and Security Federation
Company Limited by Guarantee
Filleted Unaudited Financial Statements
30 April 2024
Mobile Electronic and Security Federation
Company Limited by Guarantee
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
£
Current assets
Stocks
2,000
2,000
Debtors
7
713
691
Cash at bank and in hand
6,032
7,772
-------
--------
8,745
10,463
Creditors: amounts falling due within one year
8
1,000
1,595
-------
--------
Net current assets
7,745
8,868
-------
-------
Total assets less current liabilities
7,745
8,868
-------
-------
Net assets
7,745
8,868
-------
-------
Capital and reserves
Other reserves
12,928
12,928
Profit and loss account
( 5,183)
( 4,060)
--------
--------
Members funds
7,745
8,868
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Mobile Electronic and Security Federation
Company Limited by Guarantee
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 11 November 2024 , and are signed on behalf of the board by:
J Mann
J D Marshall
Director
Director
Company registration number: 03184589
Mobile Electronic and Security Federation
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30th April 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Company limited by guarantee
The Federation is a company limited by guarantee and does not have a share capital. In the event of the company being wound up, the liability of each member is limited to £1.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
6. Tangible assets
Equipment
Total
£
£
Cost
At 1st May 2023 and 30th April 2024
1,597
1,597
-------
-------
Depreciation
At 1st May 2023 and 30th April 2024
1,597
1,597
-------
-------
Carrying amount
At 30th April 2024
-------
-------
At 30th April 2023
-------
-------
7. Debtors
2024
2023
£
£
Trade debtors
680
680
Prepayments and accrued income
33
11
----
----
713
691
----
----
8. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,000
1,000
Social security and other taxes
595
-------
-------
1,000
1,595
-------
-------
9. Related party transactions
Purchases (Increase)/ decrease in loan Balance at year end Dr/(Cr)
£ £ £
Directors
30 April 2023 3,061
30 April 2024 2,757
10. Other reserves
There was no movement on the reserve during the year.
This reserve represents the transfer net assets of the Mobile Electronics and Security Federation, an unincorporated association, which the company replaced on the 1st July 1996.