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Company Registration No. 13453427 (England and Wales)
Mobitech Mobiles Ltd Unaudited accounts for the year ended 30 June 2024
Mobitech Mobiles Ltd Unaudited accounts Contents
Page
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Mobitech Mobiles Ltd Company Information for the year ended 30 June 2024
Director
Ibrar Ahmad
Company Number
13453427 (England and Wales)
Registered Office
87a Newport Road Barnstaple EX32 9BE
Accountants
Eureka Accountants Limited 63 Lancing Road Newbury Park London IG2 7DQ
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Mobitech Mobiles Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
2,500 
2,500 
Cash at bank and in hand
1,260 
255 
3,760 
2,755 
Creditors: amounts falling due within one year
(1,068)
(1,363)
Net current assets
2,692 
1,392 
Net assets
2,692 
1,392 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,691 
1,391 
Shareholders' funds
2,692 
1,392 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 December 2024 and were signed on its behalf by
Ibrar Ahmad Director Company Registration No. 13453427
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Mobitech Mobiles Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Mobitech Mobiles Ltd is a private company, limited by shares, registered in England and Wales, registration number 13453427. The registered office is 87a Newport Road, Barnstaple, EX32 9BE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Presentation currency
The accounts are presented in £ sterling.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
891 
549 
Loans from directors
177 
814 
1,068 
1,363 
5
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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