Motion Enterprises Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10374355 (England and Wales)

Motion Enterprises Services Limited

Unaudited Financial Statements for the Year Ended 30 September 2020

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D J Heenan

REGISTERED OFFICE:

1 Jasper Close

Swindon

Wiltshire

SN25 2SY

REGISTERED NUMBER:

10374355 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co Limited

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

5,777

1,465

CURRENT ASSETS

Debtors

5

42,099

12,600

Cash at bank

38,461

25,010

80,560

37,610

CREDITORS

Amounts falling due within one year

6

27,029

30,185

NET CURRENT ASSETS

53,531

7,425

TOTAL ASSETS LESS CURRENT LIABILITIES

59,308

8,890

CREDITORS

Amounts falling due after more than one year

7

(29,000

)

-

PROVISIONS FOR LIABILITIES

8

(215

)

(278

)

NET ASSETS

30,093

8,612

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,993

8,512

30,093

8,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2021 and were signed by:

D J Heenan - Director

1.	STATUTORY INFORMATION

Motion Enterprises Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements - going concern

When preparing the financial statements, the director has assessed whether there are significant doubts about the company's ability to continue as a going concern. There are no material uncertainties of which the director is aware in making his assessment.

The director has considered the impact of the COVID-19 pandemic and its effect on the company's income, and the ability to make loan repayments. He considers that the company has sufficient cash reserves to enable it to meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements. As such, the director is satisfied that the company has adequate resources to continue to operate for the foreseeable future and he continues to adopt the going concern basis for preparing these financial statements.

Income recognition

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

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2019

3,901

Additions

6,790

At 30 September 2020

10,691

DEPRECIATION

At 1 October 2019

2,436

Charge for year

2,478

At 30 September 2020

4,914

NET BOOK VALUE

At 30 September 2020

5,777

At 30 September 2019

1,465

5.

DEBTORS

2020

2019

£

£

Amounts falling due within one year:

Trade debtors

11,400

12,600

Other debtors

21,116

-

32,516

12,600

2020

2019

£

£

Amounts falling due after more than one year:

Other debtors

9,583

-

Aggregate amounts

42,099

12,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

1,000

-

Taxation and social security

24,398

27,938

Other creditors

1,631

2,247

27,029

30,185

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

29,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,000

-

8.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

215

278

Deferred

tax

£

Balance at 1 October 2019

278

Credit to Statement of Income and Retained Earnings during year

(63

)

Balance at 30 September 2020

215

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2020 and 30 September 2019:

2020

2019

£

£

D J Heenan

Balance outstanding at start of year

-

-

Amounts advanced

16,116

14,637

Amounts repaid

-

(14,637

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,116

-