Movidiam Ltd 31/03/2023 iXBRL
Movidiam Ltd 31/03/2023 iXBRL
Company registration number:
08853741
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Business address |
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Accountants |
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The Atrium, 4th Floor | ||
1 Harefield Road | ||
Uxbridge | ||
Middlesex | ||
UB8 1EX | ||
Bankers |
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One Southampton Row | ||
London | ||
WC1B 5HA | ||
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593 - 599 Fulham Road | ||
Fulham | ||
London | ||
SW6 5UA | ||
Statement of financial position
31 March 2023
2023 | 2022 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
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Tangible assets | 6 |
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Current assets | |||||||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Net (liabilities)/assets |
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Capital and reserves | |||||||||
Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders (deficit)/funds |
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Directors responsibilities:
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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;
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The directors acknowledge their 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
12 May 2023
, and are signed on behalf of the board by:
Director
Director
Company registration number:
08853741
Notes to the financial statements
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 43 Overstone Road, London, W6 0AD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
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:
Intangible assets | - |
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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.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property | - | Straight line obver the life of the lease | ||
Fittings fixtures and equipment | - |
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Computer equipment | - | 33.3 % | straight line | |
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
4
).
5.
Intangible assets
Other intangible assets | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2022 and 31 March 2023 |
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Amortisation | |||
At 1 April 2022 |
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Charge for the year |
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At 31 March 2023 |
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Carrying amount | |||
At 31 March 2023 |
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At 31 March 2022 |
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6.
Tangible assets
Short leasehold property | Computer equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 April 2022 and 31 March 2023 |
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7,009 |
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Depreciation | ||||
At 1 April 2022 |
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5,064 |
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Charge for the year | - | 663 |
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At 31 March 2023 |
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5,727 |
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Carrying amount | ||||
At 31 March 2023 |
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1,282 |
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At 31 March 2022 |
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1,945 |
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7.
Debtors
2023 | 2022 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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8.
Creditors: amounts falling due within one year
2023 | 2022 | |||
£ | £ | |||
Trade creditors |
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Social security and other taxes |
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Other creditors |
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9.
Creditors: amounts falling due after more than one year
2023 | 2022 | |||
£ | £ | |||
Bank loans and overdrafts |
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Other creditors |
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10.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2023 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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- |
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2022 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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11.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
2023 | 2022 | 2023 | 2022 | ||
£ | £ | £ | £ | ||
Pendragon Productions Ltd | - | - | 75,878 | 75,878 | |
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At the balance sheet date, the company holds a convertible loan note to the value of £50,000 to Pendragon Productions Ltd. This will be exchanged for 26,316 ordinary shares.The companies are related by virtue of common management and control.