Mobile People.Powered.Logistics Limited - Accounts to registrar - small 17.2
Mobile People.Powered.Logistics Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2017 |
for |
Mobile People.Powered.Logistics Limited |
Mobile People.Powered.Logistics Limited (Registered number: 02347762) |
Contents of the Financial Statements |
for the Year Ended 31 January 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Mobile People.Powered.Logistics Limited |
Company Information |
for the Year Ended 31 January 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Mobile People.Powered.Logistics Limited (Registered number: 02347762) |
Abridged Balance Sheet |
31 January 2017 |
31.1.17 | 31.1.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors |
Prepayments and accrued income |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Revaluation reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Mobile People.Powered.Logistics Limited (Registered number: 02347762) |
Abridged Balance Sheet - continued |
31 January 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
Mobile People.Powered.Logistics Limited (Registered number: 02347762) |
Notes to the Financial Statements |
for the Year Ended 31 January 2017 |
1. | STATUTORY INFORMATION |
Mobile People.Powered.Logistics Limited is a |
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Mobile People.Powered.Logistics Limited (Registered number: 02347762) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2017 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1 February 2016 |
Additions |
Disposals | ( |
) |
At 31 January 2017 |
DEPRECIATION |
At 1 February 2016 |
Charge for year |
Eliminated on disposal | ( |
) |
Revaluation adjustments |
At 31 January 2017 |
NET BOOK VALUE |
At 31 January 2017 |
At 31 January 2016 |
The directors have revalued the freehold property to £660,000 as at 31 January 2016. This has been done on the |
basis of an open market valuation carried out in July 2016 by Lambert, Smith and Hampton at this amount. The |
directors believe that there was no change in market value between the financial year end and July 2016. |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 February 2016 |
and 31 January 2017 | 10,000 |
NET BOOK VALUE |
At 31 January 2017 | 10,000 |
At 31 January 2016 | 10,000 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31.1.17 | 31.1.16 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 132,213 | 153,881 |
Mobile People.Powered.Logistics Limited (Registered number: 02347762) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2017 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.1.17 | 31.1.16 |
£ | £ |
Bank loans |
Hire purchase contracts | 795,611 | 456,337 |
Invoice financing | 259,086 | 224,803 |
The bank overdraft and loan are secured by a legal mortgage over the land and buildings together with a |
debenture giving a fixed and floating charge over all other assets. |
The Invoice financing is secured by a fixed charge on the purchased debts together with a floating charge over all |
other assets. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.17 | 31.1.16 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 February 2016 |
Revaluation -freehold property | (532 | ) |
At 31 January 2017 |
The movement in retained earnings is as a result of profit for the year less dividends paid. |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mobile International HoldingsLimited. |
On 30 January 2017 Mobile International Holdings Limited acquired the entire share capital of the Company. |
11. | FIRST YEAR ADOPTION |
The Company transitioned to FRS 102 (Section 1A) from previously extant UK GAAP as at 1 February 2015. |
There was no impact on the financial statements as a result of the transition to FRS 102 (Section 1A). |