442 Motivation Limited - Abbreviated accounts 16.1
442 Motivation Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 January 2016 |
| for |
| 442 MOTIVATION LIMITED |
| 442 MOTIVATION LIMITED (REGISTERED NUMBER: 07492126) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 January 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| 442 MOTIVATION LIMITED |
| Company Information |
| for the year ended 31 January 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 442 MOTIVATION LIMITED (REGISTERED NUMBER: 07492126) |
| Abbreviated Balance Sheet |
| 31 January 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Prepayments and accrued income |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 were approved by the Board of Directors on by: |
| 442 MOTIVATION LIMITED (REGISTERED NUMBER: 07492126) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Franchise |
| A franchise was purchased in 2011 and will be amortised over its useful life of 5 years. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 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 the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2015 |
| and 31 January 2016 |
| AMORTISATION |
| At 1 February 2015 |
| Amortisation for year |
| At 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| 442 MOTIVATION LIMITED (REGISTERED NUMBER: 07492126) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 January 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2015 |
| Additions |
| Disposals | ( |
) |
| At 31 January 2016 |
| DEPRECIATION |
| At 1 February 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | 1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At 31 January 2016 the company owed W A Sowden (director) £427 (2015 : £3,653 owed to the company). |
| During the period the company sold goods and services to the value of £85,000 (2015 : £73,500) to Busby Stoop |
| Garage Limited, a company of which W A Sowden and C Ross are directors. The amount outstanding at 31 |
| January 2016 in respect of these transactions was £nil (2015 : £nil). |
| The company purchased goods and services to the value of £12,876 (2015 : £15,315) from Busby Stoop Garage |
| Limited. The amount outstanding in respect of these transactions at 31 January 2016 was £23,853 (2015 : |
| £18,405). |
| The company made loans to Busby Stoop Garage Limited. The amount outstanding in respect of these |
| transactions at 31 January 2016 was £81,065 (2015 : £66,489). |
| The company also made loans to Busby Stoop Car Centre Limited. The amount outstanding in respect of these |
| transactions at 31 January 2016 was £6,696 (2015 : 9,502). No interest was due on this amount. |
| During the period the company paid rent to the value of £19,800 (2015 : £19,800) to The Busby Stoop |
| Partnership LLP, a limited liability partnership of which W A Sowden and C Ross are partners. The amount |
| outstanding at 31 January 2016 in respect of these transactions was £nil (2015 : £nil). |