MOBILE TESTING SOLUTIONS LTD Accounts






	MOBILE TESTING SOLUTIONS LTD
	Company No. 08706098
	Information for Filing with The Registrar
	31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities

The principal activity of the company during the year under review was Examination Services.
MOBILE TESTING SOLUTIONS LTD Director's Report Introduction: This report provides a brief overview of the operations, strategic developments, and financial performance of MTS, a leading global exam services provider. Business overview: Mobile Testing Solutions Ltd (“MTS”) is an established and successful player in the exam services sector. Our continued focus on delivering high-quality exam services to a growing portfolio of exam board partners in a growing number of exam delivery sites has led to notable success for the company in 2024. Performance and growth: 2024 has been a notably successful year for MTS, a year in which the company enjoyed its 10th anniversary of active trading with a special external event to thank and celebrate all of our colleagues, partners and friends. MTS achieved growth in turnover in 2024 of 18% over 2023, and posted a profit for the year. Utilisation of MTS’s fully-controlled exam delivery sites in 2024 also showed double-digit growth compared the previous year, driven by more new business-to-business contracts and growing volumes within existing contracts. Branding and marketing: In 2024, MTS continued to market itself externally with the strapline “Exams With Integrity” – a statement which aligns well with our strategy, mission, values and behaviours. MTS was also awarded Silver Winner in the London Chamber of Commerce’s SME Awards 2024 for ‘Employer of the Year’, in recognition of the investment in and care of our people, a key factor in our ongoing success. Future outlook: Looking ahead to 2025-2027, we remain committed to our international expansion. In 2024, we reinforced this trajectory by signing new deals and establishing associated companies in key territories, especially and most notably in Brazil, where demand for English language and professional testing offers present major growth potential. 2024 was also characterised by leveraging powerful new technologies such as Artificial Intelligence and other digital innovations, and in October 2024 we launched a new AI-driven product that has important global reach opportunities that align with our more traditional products and services. Conclusion: In conclusion, 2024 has been another year of strong achievement for MTS. The progress made underscores our dedication to excellence in exam services and our determination in overcoming challenges. We are committed to continue this trajectory of growth and to deliver even greater success in the future. Acknowledgments: We send our thanks to our dedicated team of office-based and exam-day staff, loyal customers, valued suppliers, and other stakeholders for their ongoing support and contribution to the success of MTS. Signed: Michael Tunney Michal Mazanek Directors

Directors

The Directors who served at any time during the year were as follows:

M.Tunney
M.Mazanek




The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

M.Mazanek
Director
31 December 2024

at	31 December 2024
Company No.		08706098	Notes	2024	2023
				£	£
Fixed assets
	Intangible assets		4	183,728	133,564
	Tangible assets		5	18,700	22,601
	Investments		6	166,684	-
				369,112	156,165
Current assets
	Debtors		7	1,894,227	1,515,285
	Cash at bank and in hand			1,038	162,071
				1,895,265	1,677,356
Creditors: Amount falling due within one year			8	(945,664)	(1,205,590)
Net current assets				949,601	471,766
Total assets less current liabilities				1,318,713	627,931
Net assets				1,318,713	627,931

Capital and reserves
	Called up share capital			932,046	387,693
	Profit and loss account		9	386,667	240,238

Total equity				1,318,713	627,931


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.


As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 December 2024 and signed on its behalf by:
M.Mazanek
Director
31 December 2024

for the year ended 31 December 2024

1

General information

MOBILE TESTING SOLUTIONS LTD is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 08706098

Its registered office is:

Unit 7

The Foundry Business Centre

Marcus Street

Birkenhead

CH41 1EU

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

20% Reducing Balance

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

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 payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Defined benefit pensions

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
		2024	2023
		Number	Number
	The average monthly number of employees (including directors) during the year was:	415	253

4	Intangible fixed assets
			Goodwill	Patents and trade-marks	Development costs	Other	Total
			£	£	£	£	£
		Cost
		At 1 January 2024	-	-	181,268	-	181,268
		Additions	-	-	70,611	-	70,611
		At 31 December 2024	-	-	251,879	-	251,879
		Amortisation and impairment
		At 1 January 2024	-	-	47,704	-	47,704
		Charge for the year	-	-	20,447	-	20,447
		At 31 December 2024	-	-	68,151	-	68,151
		Net book values
		At 31 December 2024	-	-	183,728	-	183,728
		At 31 December 2023	-	-	133,564	-	133,564

5	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 January 2024	-	42,395	-	14,475	56,870
		Additions	-	773	-	-	773
		At 31 December 2024	-	43,168	-	14,475	57,643
		Depreciation
		At 1 January 2024	-	30,650	-	3,619	34,269
		Charge for the year	-	2,503	-	2,171	4,674
		At 31 December 2024	-	33,153	-	5,790	38,943
		Net book values
		At 31 December 2024	-	10,015	-	8,685	18,700
		At 31 December 2023	-	11,745	-	10,856	22,601

6	Investments
			Investment in Subsidiaries	Other investments	Total
			£	£	£
		Cost or valuation
		Additions	-	166,684	166,684
		At 31 December 2024	-	166,684	166,684
		Provisions/Impairment
		Net book values
		At 31 December 2024	-	166,684	166,684

7	Debtors
			2024	2023
			£	£
		Trade debtors	78,075	823,146
		Amounts owed by group undertakings	1,790,452	603,318
		Other debtors	-	55,371
		Prepayments and accrued income	25,700	33,450
			1,894,227	1,515,285

8	Creditors:
		amounts falling due within one year
			2024	2023
			£	£
		Bank loans and overdrafts	35,116	115,425
		Other loans	20,000	-
		Trade creditors	408,300	455,281
		Taxes and social security	467,392	459,120
		Accruals and deferred income	14,856	175,764
			945,664	1,205,590

9

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.