Registered Number 08783143

MOBTAR LIMITED

Abbreviated Accounts

30 November 2016

MOBTAR LIMITED Registered Number 08783143

Abbreviated Balance Sheet as at 30 November 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 521 1,042
Investments 3 100 -
621 1,042
Current assets
Debtors - 31,696
Cash at bank and in hand 112 80
112 31,776
Creditors: amounts falling due within one year (29,957 ) (15,530 )
Net current assets (liabilities) (29,845 ) 16,246
Total assets less current liabilities (29,224 ) 17,288
Total net assets (liabilities) (29,224 ) 17,288
Capital and reserves
Called up share capital 4 2,500 2,000
Share premium account 219,461 138,344
Profit and loss account (251,185 ) (123,056 )
Shareholders' funds (29,224 ) 17,288

  • For the year ending 30 November 2016 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 January 2017

And signed on their behalf by:
I Greenwald, Director

MOBTAR LIMITED Registered Number 08783143

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents amounts receivable for goods and services net of vat and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 25% reducing balance

Other accounting policies
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by 399 of the Companies Act 2006 not to prepare group accounts.

2 Tangible fixed assets
£
Cost
At 1 December 2015 2,084
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2016 2,084
Depreciation
At 1 December 2015 1,042
Charge for the year 521
On disposals -
At 30 November 2016 1,563
Net book values
At 30 November 2016 521
At 30 November 2015 1,042

3 Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value

4 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
2,500 Ordinary shares of £1 each (2,000 shares for 2015) 2,500 2,000

During the year the company issued 500 ordinary shares at a nominal value of £1 per share. The total proceeds received from this issue were £81,617.