| Registered Number:08038181 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2024
Mobilesilver.co.uk Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Mobilesilver.co.uk Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
32,144
45,000
2
32,144
45,000
46,558
202,688
3
| Trade and other receivables |
396,363
1,206,446
4
2,634,904
| Cash and cash equivalents |
2,544,139
3,953,273
3,077,825
| Trade and other payables: amounts falling due within one |
| year |
(1,199,636)
(1,440,041)
5
1,878,189
2,513,232
Net current assets
| Total assets less current liabilities |
2,545,376
1,923,189
(7,998)
(11,204)
| Provisions for liabilities |
2,537,378
Net assets
1,911,985
111
101
2,537,267
1,911,884
2,537,378
1,911,985
Shareholders' funds
| For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
| each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
| 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
| statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mohsin Mustak Patel Director |
| These financial statements were approved and authorised for issue by the Board on 29 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 May 2024
Mobilesilver.co.uk Ltd
Notes to the Financial Statements
Statutory Information
| Mobilesilver.co.uk Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 08038181. |
Office 17 Egyptian Mill
Egyptian Street
Bolton
Lancashire
BL1 2HS
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 May 2024
Mobilesilver.co.uk Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
80,436
8,302
1,446
70,688
2,980
2,980
-
-
70,688
1,446
11,282
83,416
| Provision for depreciation and impairment |
35,436
6,583
579
28,274
Charge for year
15,836
1,409
289
14,138
51,272
7,992
868
42,412
28,276
578
3,290
32,144
42,414
867
1,719
45,000
2023
2024
202,688
46,558
| 4. Trade and other receivables |
2023
2024
220,046
147,955
986,400
248,408
396,363
1,206,446
| The debtors above include the following amounts falling due after more than one year: |
180,000
-
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For the year ended 31 May 2024
Mobilesilver.co.uk Ltd
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
87,393
117,403
611,212
448,649
| Taxation and social security |
340,995
343,621
400,441
289,963
1,440,041
1,199,636
| 6. Average number of persons employed |
During the year the average number of employees was 11 (2023 : 14)
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