Mobilesilver.co.uk Ltd

Mobilesilver.co.uk Ltd
Contents Page
For the year ended 31 May 2025

Statement of Financial Position	1
Notes to the Financial Statements	2

Mobilesilver.co.uk Ltd
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	16,308	32,144
Investments	4	941,000	-
		957,308	32,144
Current assets
Stocks		290,096	202,688
Debtors		1,296,369	1,206,446
Cash at bank and in hand		1,624,831	2,544,139
		3,211,296	3,953,273
Creditors: amount falling due within one year		(1,499,004)	(1,440,041)
Net current assets		1,712,292	2,513,232

Total assets less current liabilities		2,669,600	2,545,376
Provisions for liabilities		(4,046)	(7,998)
Net assets		2,665,554	2,537,378

Capital and reserves
Called up share capital		111	111
Profit and loss account		2,665,443	2,537,267
Shareholders' funds		2,665,554	2,537,378

For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 24 August 2026 and were signed by:

-------------------------------
Mohsin Mustak Patel
Director

1

Mobilesilver.co.uk Ltd
Notes to the Abridged Financial Statements
For the year ended 31 May 2025

General Information

Mobilesilver.co.uk Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 08038181, registration address Office 17, Egyptian Mill, Egyptian Street, Bolton, Lancashire, BL1 2HS.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position 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 income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

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:

Motor Vehicles	20% Reducing Balance
Fixtures and Fittings	20% Reducing Balance
Computer Equipment	25% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

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.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 15 (2024 : 11).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 June 2024	70,688	1,446	11,282	83,416
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 May 2025	70,688	1,446	11,282	83,416
Depreciation
At 01 June 2024	42,412	868	7,992	51,272
Charge for year	14,138	289	1,409	15,836
On disposals	-	-	-	-
At 31 May 2025	56,550	1,157	9,401	67,108
Net book values
Closing balance as at 31 May 2025	14,138	289	1,881	16,308
Opening balance as at 01 June 2024	28,276	578	3,290	32,144

4.

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 June 2024	-	-
Additions	941,000	941,000
Disposals	-	-
At 31 May 2025	941,000	941,000

2

Registered Number: 08038181
England & Northern Ireland
MOBILESILVER.CO.UK LTD

Abridged Accounts

Period of accounts Start date: 01 June 2024 End date: 31 May 2025