MOTOCLAIMS LTD Filleted accounts for Companies House (small and micro)

0 false false false false false false false false false true false false false false false false No description of principal activity 2019-02-01 Sage Accounts Production Advanced 2020 - FRS102_2019 10,000 10,000 xbrli:pure xbrli:shares iso4217:GBP 05022484 2019-02-01 2020-01-31 05022484 2020-01-31 05022484 2019-01-31 05022484 core:NetGoodwill 2019-02-01 2020-01-31 05022484 bus:Director1 2019-02-01 2020-01-31 05022484 core:NetGoodwill 2020-01-31 05022484 core:WithinOneYear 2020-01-31 05022484 core:WithinOneYear 2019-01-31 05022484 core:ShareCapital 2020-01-31 05022484 core:ShareCapital 2019-01-31 05022484 core:RetainedEarningsAccumulatedLosses 2020-01-31 05022484 core:RetainedEarningsAccumulatedLosses 2019-01-31 05022484 bus:SmallEntities 2019-02-01 2020-01-31 05022484 bus:AuditExemptWithAccountantsReport 2019-02-01 2020-01-31 05022484 bus:FullAccounts 2019-02-01 2020-01-31 05022484 bus:SmallCompaniesRegimeForAccounts 2019-02-01 2020-01-31 05022484 bus:PrivateLimitedCompanyLtd 2019-02-01 2020-01-31

COMPANY REGISTRATION NUMBER: 05022484

MOTOCLAIMS LTD

Filleted Unaudited Financial Statements

31 January 2020

MOTOCLAIMS LTD

Statement of Financial Position

31 January 2020

	2020		2019
Note	£	£	£

Current assets

Debtors	5	1,338	1,338
Cash at bank and in hand		2	2
		-------	-------
		1,340	1,340

Creditors: amounts falling due within one year	6	( 83,845)		( 83,847)
		--------		--------
Net current liabilities			( 82,505)	( 82,507)
			--------	--------
Total assets less current liabilities			( 82,505)	( 82,507)
			--------	--------

MOTOCLAIMS LTD

Statement of Financial Position (continued)

31 January 2020

	2020		2019
Note	£	£	£

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 82,506)	( 82,508)
	--------	--------
Shareholders deficit	( 82,505)	( 82,507)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2020 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 October 2020 , and are signed on behalf of the board by:

Mr N Islam
Director

Company registration number: 05022484

MOTOCLAIMS LTD

Notes to the Financial Statements

Year ended 31 January 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Middlesex, HA2 7QN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

As disclosed in the Statement of Financial Position, the company has a deficit of net assets. Of the creditors, £83,365 is owed to the director who has confirmed that no repayment would be demanded at least for the next twelve months. The director has considered the trading requirements of the company for the period exceeding twelve months from the date of this report. Having regard to the above therefore, it is the opinion of the director that the accounts be prepared on the going concern basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

4. Intangible assets

	Goodwill
	£
Cost
At 1 February 2019 and 31 January 2020	10,000
	--------
Amortisation
At 1 February 2019 and 31 January 2020	10,000
	--------
Carrying amount
At 31 January 2020	–
	--------
At 31 January 2019	–
	--------

5. Debtors

	2020	2019
	£	£
Other debtors	1,338	1,338
	-------	-------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Bank loans and overdrafts	–	2
Other creditors	83,845	83,845
	--------	--------
	83,845	83,847
	--------	--------