MotionTM Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11379941 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

MotionTM Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

T Middlewick

REGISTERED OFFICE:

Providence House

21 Newmarket Street

SKIPTON

North Yorkshire

BD23 2HX

REGISTERED NUMBER:

11379941 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

5

14,437

17,785

CURRENT ASSETS

Debtors

6

16,398

28,277

Cash at bank

12,422

4,000

28,820

32,277

CREDITORS

Amounts falling due within one year

7

(34,766

)

(23,987

)

NET CURRENT (LIABILITIES)/ASSETS

(5,946

)

8,290

TOTAL ASSETS LESS CURRENT LIABILITIES

8,491

26,075

CREDITORS

Amounts falling due after more than one year

8

(8,334

)

(25,824

)

NET ASSETS

157

251

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

57

151

SHAREHOLDERS' FUNDS

157

251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 10 October 2023 and were signed by:

T Middlewick - Director

1.	STATUTORY INFORMATION

MotionTM Ltd 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 or substantively enacted by the statement of financial position date.

Deferred tax

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2022

1,781

31,720

15,895

49,396

Additions

-

-

5,530

5,530

At 31 May 2023

1,781

31,720

21,425

54,926

DEPRECIATION

At 1 June 2022

1,115

18,338

12,158

31,611

Charge for year

486

3,345

5,047

8,878

At 31 May 2023

1,601

21,683

17,205

40,489

NET BOOK VALUE

At 31 May 2023

180

10,037

4,220

14,437

At 31 May 2022

666

13,382

3,737

17,785

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2022

and 31 May 2023

31,720

DEPRECIATION

At 1 June 2022

18,338

Charge for year

3,345

At 31 May 2023

21,683

NET BOOK VALUE

At 31 May 2023

10,037

At 31 May 2022

13,382

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

-

10,248

Directors' current accounts

15,862

17,432

Prepayments

536

597

16,398

28,277

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans and overdrafts

4,000

5,344

Hire purchase contracts

13,244

4,973

Trade creditors

2,538

2,601

Tax

10,041

5,682

VAT

4,300

4,745

Accrued expenses

643

642

34,766

23,987

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans - 1-2 years

4,000

3,333

Bank loans - 2-5 years

4,334

9,247

Hire purchase contracts

-

13,244

8,334

25,824

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23

31.5.22

£

£

T Middlewick

Balance outstanding at start of year

17,432

-

Amounts advanced

57,557

17,432

Amounts repaid

(59,127

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,862

17,432

10.	ULTIMATE CONTROLLING PARTY

The controlling party is T Middlewick.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MotionTM Ltd for the year ended 31 May 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MotionTM Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MotionTM Ltd and state those matters that we have agreed to state to the director of MotionTM Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MotionTM Ltd and its director for our work or for this report.

It is your duty to ensure that MotionTM Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MotionTM Ltd. You consider that MotionTM Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MotionTM Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

10 October 2023