Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282024-03-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10024489 2024-03-01 2025-02-28 10024489 2023-03-01 2024-02-29 10024489 2025-02-28 10024489 2024-02-29 10024489 c:Director2 2024-03-01 2025-02-28 10024489 d:MotorVehicles 2024-03-01 2025-02-28 10024489 d:MotorVehicles 2025-02-28 10024489 d:MotorVehicles 2024-02-29 10024489 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 10024489 d:OfficeEquipment 2024-03-01 2025-02-28 10024489 d:OfficeEquipment 2025-02-28 10024489 d:OfficeEquipment 2024-02-29 10024489 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 10024489 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 10024489 d:CurrentFinancialInstruments 2025-02-28 10024489 d:CurrentFinancialInstruments 2024-02-29 10024489 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 10024489 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10024489 d:ShareCapital 2025-02-28 10024489 d:ShareCapital 2024-02-29 10024489 d:RetainedEarningsAccumulatedLosses 2025-02-28 10024489 d:RetainedEarningsAccumulatedLosses 2024-02-29 10024489 c:FRS102 2024-03-01 2025-02-28 10024489 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10024489 c:FullAccounts 2024-03-01 2025-02-28 10024489 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10024489 2 2024-03-01 2025-02-28 10024489 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 10024489









MOBITEK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
MOBITEK LIMITED
REGISTERED NUMBER: 10024489

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,241
22,332

  
1,241
22,332

Current assets
  

Debtors: amounts falling due within one year
 5 
496,453
515,175

Cash at bank and in hand
 6 
5,304,943
4,732,548

  
5,801,396
5,247,723

Creditors: amounts falling due within one year
 7 
(263,843)
(400,901)

Net current assets
  
 
 
5,537,553
 
 
4,846,822

Total assets less current liabilities
  
5,538,794
4,869,154

  

Net assets
  
5,538,794
4,869,154


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
5,538,793
4,869,153

  
5,538,794
4,869,154


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 August 2025.


Page 1

 
MOBITEK LIMITED
REGISTERED NUMBER: 10024489
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025


Babak Rabet
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MOBITEK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Mobitek Limited (company number 10024489) is a private company limited by shares, registered in England and Wales.  Its registered office is at Bushbury House. 435 Wilmslow Road, Withington, Manchester, M20 4AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
MOBITEK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
MOBITEK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
33%
Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
MOBITEK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Employees
3
3


4.


Tangible fixed assets







Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2024
54,990
11,374
66,364


Additions
-
1,209
1,209



At 28 February 2025

54,990
12,583
67,573



Depreciation


At 1 March 2024
36,592
7,440
44,032


Charge for the year on owned assets
18,147
4,153
22,300



At 28 February 2025

54,739
11,593
66,332



Net book value



At 28 February 2025
251
990
1,241



At 29 February 2024
18,398
3,934
22,332


5.


Debtors

28 February
29 February
Page 6

 
MOBITEK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.Debtors (continued)

2025
2024
£
£


Trade debtors
115,285
157,982

Other debtors
381,168
357,193

496,453
515,175



6.


Cash and cash equivalents

28 February
29 February
2025
2024
£
£

Cash at bank and in hand
5,304,943
4,732,548

5,304,943
4,732,548



7.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Trade creditors
709
108

Corporation tax
260,044
375,537

Other taxation and social security
326
-

Other creditors
505
23,186

Accruals and deferred income
2,259
2,070

263,843
400,901



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £120,803 (2024 - £220,680) . Contributions totalling £0 (2024 - £0) were payable to the fund at the balance sheet date and are included in creditors.

Page 7

 
MOBITEK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

9.


Related party transactions

Included in other debtors is a loan of £347,208 to Blue Iris Realty Limited, a company registered in England of the the directors are 100% shareholders and directors of.

 
Page 8