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Registration number: 07406079

MOBILE SYSTEMS INTERNATIONAL SOLUTIONS LTD
Annual Report and Financial Statements
for the Year Ended 31 March 2025

Brebners Chartered Accountants & Statutory Auditor 130 Shaftesbury Avenue London W1D 5AR

Mobile Systems International Solutions Ltd

Contents

Company Information | 1
Statement of Financial Position | 2
Notes to the Financial Statements | 3 to 7

Mobile Systems International Solutions Ltd

Company Information

Director | F Al Faisal

Registered office | 1 Kensington Church Street London W8 4LB

Auditor | Brebners Chartered Accountants & Statutory Auditor 130 Shaftesbury Avenue London W1D 5AR

Mobile Systems International Solutions Ltd

Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 498,728 | 520,057
Tangible assets | 6 | 8,835 | 6,882
|  | 507,563 | 526,939
Current assets |  |  |
Debtors | 7 | 24,437 | 22,657
Cash at bank and in hand |  | 19,223 | 26,013
|  | 43,660 | 48,670
Creditors: Amounts falling due within one year | 8 | (711,247) | (425,533)
Net current liabilities |  | (667,587) | (376,863)
Net (liabilities)/assets |  | (160,024) | 150,076
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (160,025) | 150,075
Shareholders' (deficit)/funds |  | (160,024) | 150,076

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Mobile Systems International Solutions Ltd has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 9 February 2026

.........................................

F Al Faisal

Director

Company registration number: 07406079

Mobile Systems International Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Kensington Church Street
London
W8 4LB

The principal activity of the company is that of software development.

2 | Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 9 February 2026 was Martin Widdowson, who signed for and on behalf of Brebners.

3 | Accounting policies

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 31 March 2025 and had net liabilities of £160,024 at that date.
The company has generated sales after the year end date and continues to make an important contribution within the projects in Saudi Arabia, continuing the software research and development and helping the team to explore new projects and deliver the existing projects efficiently.
The director has considered the impact of the current conflicts in the Middle East, which has directly impacted business in Lebanon. Since 2019, the Lebanon branch has been working as normal and operations have been adjusted, in order to mitigate risks at a country level. The team is working normally and has made a big contribution to the company's deliverables and the project completion. With the current situation and with the team working remotely, management is assessing the situation to ensure that appropriate decisions are made for employees safety and the business continuity.
Based on the above, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis has been adopted in preparing the financial statements.

Mobile Systems International Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for thee provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue based upon the contracted stage of completion once the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 25-30% straight line

Mobile Systems International Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Intangible assets

Software development costs that relate to capitalised salary costs are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
In particular salary costs are capitalised as an intangible asset only when all of the following criteria are met:
• It is technically feasible to complete the intangible asset so that it will be available for use or sale;
• There is the intention to complete the intangible asset and use or sell it;
• There is the ability to use or sell the intangible asset;
• The use or sale of the intangible asset will generate probable future economic benefits;
• There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and
• The expenditure attributable to the intangible asset during its development can be measured reliably.
Expenditure that does not meet the above criteria is expensed as incurred.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life, as follows. Amortisation is provided from the point at which the intangible assets are brought into useful economic life and start to generate revenue.

Asset class | Amortisation method and rate
Software Development costs | 25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Mobile Systems International Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

4 | Staff numbers

The average number of persons employed by the company during the year, was 8 (2024 - 7).

5 | Intangible assets

| Internally generated software development costs £ | Total £
Cost or valuation
At 1 April 2024 | 1,465,127 | 1,465,127
Additions internally developed | 206,709 | 206,709
At 31 March 2025 | 1,671,836 | 1,671,836
Amortisation
At 1 April 2024 | 945,070 | 945,070
Amortisation charge | 228,038 | 228,038
At 31 March 2025 | 1,173,108 | 1,173,108
Carrying amount
At 31 March 2025 | 498,728 | 498,728
At 31 March 2024 | 520,057 | 520,057

Mobile Systems International Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

6 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 39,920 | 39,920
Additions | 6,129 | 6,129
At 31 March 2025 | 46,049 | 46,049
Depreciation
At 1 April 2024 | 33,038 | 33,038
Charge for the year | 4,176 | 4,176
At 31 March 2025 | 37,214 | 37,214
Carrying amount
At 31 March 2025 | 8,835 | 8,835
At 31 March 2024 | 6,882 | 6,882

7 | Debtors

| 2025 £ | 2024 £
Other debtors | 24,437 | 22,657
| 24,437 | 22,657

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 1,358 | 13,711
Amounts owed to group undertakings | 651,173 | 363,239
Taxation and social security | 18,983 | 8,424
Other creditors | 39,733 | 40,159
| 711,247 | 425,533

9 | Related party transactions

In accordance with FRS102 paragraph 1AC.35, exemption is taken not to disclose transactions in the year or amounts falling due between wholly owned undertakings.