The Mobile Repair Team Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 11

The Mobile Repair Team Limited

Company Information

Directors

Mr A Ashcraft Mr D L Campbell Mr J Martin Mrs H Prendergast Mr M A Laing

Registered office

Third Floor Hangar 1 Exeter Airport Exeter Devon EX5 2BA

Auditors

PKF Francis Clark Statutory AuditorCentenary House Peninsular Park Rydon Lane Exeter EX2 7XE

The Mobile Repair Team Limited

Balance Sheet

31 December 2025

	Note	31 December 2025 £	(Unaudited) 30 September 2024 £
Fixed assets
Tangible assets	5	2,716	12,657
Current assets
Stocks	7	-	15,822
Debtors	8	740,209	1,978,582
Cash at bank and in hand		30,424	8,996
		770,633	2,003,400
Creditors: Amounts falling due within one year	9	(751,910)	(1,707,934)
Net current assets		18,723	295,466
Total assets less current liabilities		21,439	308,123
Creditors: Amounts falling due after more than one year	9	-	(275,495)
Provisions for liabilities		(679)	(3,000)
Net assets		20,760	29,628
Capital and reserves
Called up share capital	11	100	100
Profit and loss account		20,660	29,528
Shareholders' funds		20,760	29,628

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 October 2026 and signed on its behalf by:
 

......................................... Mr M A Laing Director

Company Registration Number: 12192989

The Mobile Repair Team Limited

Notes to the Financial Statements

Period from 1 October 2024 to 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Third Floor
Hangar 1
Exeter Airport
Exeter
Devon
EX5 2BA

These financial statements were authorised for issue by the Board on 7 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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. There are no material departures from the FRS 102 standards.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the services provided excluding VAT during the period.

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

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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.

The Mobile Repair Team Limited

Notes to the Financial Statements

Period from 1 October 2024 to 31 December 2025

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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
Plant and Machinery	25% straight line
Office Equipment	25% straight line

Intangible assets

Website costs are shown at historical cost with amortisation charged based upon the following policies:

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:

Asset class	Amortisation method and rate
Website	33.3% straight line

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

The Mobile Repair Team Limited

Notes to the Financial Statements

Period from 1 October 2024 to 31 December 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1 (2024 - 1).

The Mobile Repair Team Limited

Notes to the Financial Statements

Period from 1 October 2024 to 31 December 2025

4	Intangible assets

	Website  £	Total £
Cost or valuation
At 1 October 2024	2,616	2,616
At 31 December 2025	2,616	2,616
Amortisation
At 1 October 2024	2,616	2,616
At 31 December 2025	2,616	2,616
Carrying amount
At 31 December 2025	-	-
At 30 September 2024	-	-

5	Tangible assets

	Office equipment  £	Plant and machinery £	Total £
Cost or valuation
At 1 October 2024	7,317	39,415	46,732
At 31 December 2025	7,317	39,415	46,732
Depreciation
At 1 October 2024	4,885	29,190	34,075
Charge for the period	1,283	8,658	9,941
At 31 December 2025	6,168	37,848	44,016
Carrying amount
At 31 December 2025	1,149	1,567	2,716
At 30 September 2024	2,432	10,225	12,657

The Mobile Repair Team Limited

Notes to the Financial Statements

Period from 1 October 2024 to 31 December 2025

6	Investments

	31 December 2025 £	(Unaudited) 30 September 2024 £
Investments in subsidiaries	-	-