Motivii Limited - Abbreviated accounts 16.3

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REGISTERED NUMBER: 09272245 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

MOTIVII LIMITED

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Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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DIRECTORS:

P A Bacon

D Bowman

E Carey

N S Jones

E Tuhami

REGISTERED OFFICE:

10 Rocombe Crescent

London

SE23 3BL

REGISTERED NUMBER:

09272245 (England and Wales)

ACCOUNTANTS:

Horizon Accounts Limited

Chartered Management Accountants

Stapleton House

Block A, 2nd Floor

110 Clifton Street

London

EC2A 4HT

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FIXED ASSETS

Intangible assets

2

25,087

-

Tangible assets

3

379

-

25,466

-

CURRENT ASSETS

Debtors

14,967

-

Cash at bank

452,207

1

467,174

1

CREDITORS

Amounts falling due within one year

84,846

-

NET CURRENT ASSETS

382,328

1

TOTAL ASSETS LESS CURRENT
LIABILITIES

407,794

1

CAPITAL AND RESERVES

Called up share capital

4

227

1

Share premium

641,238

-

Profit and loss account

(233,671

)

-

SHAREHOLDERS' FUNDS

407,794

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 December 2016 and were signed on its behalf
by:

E Tuhami - Director

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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 services, excluding value added tax.

Intangible fixed assets

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value,

over their expected useful economic life. Where the directors consider that there has been a permanent

impairment in value the asset is written down to its realisable value in the year of impairment.

Trademark - 20% on straight line

Intellectual property - 20% on straight line

Tangible fixed assets

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

Office equipment

-

33.33% on straight line

Computer equipment

-

33.33% on straight line

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

The financial statements have been prepared on the going concern basis. The company incurred losses during the

year however the directors were successful in raising additional share capital which has resulted in significant

cash reserves. It is on this basis, the directors are therefore of the opinion that they should continue to adopt the

going concern basis in preparing the annual financial statements.

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2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

27,349

At 31 March 2016

27,349

AMORTISATION

Amortisation for year

2,262

At 31 March 2016

2,262

NET BOOK VALUE

At 31 March 2016

25,087

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

426

At 31 March 2016

426

DEPRECIATION

Charge for year

47

At 31 March 2016

47

NET BOOK VALUE

At 31 March 2016

379

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2,265,113

Ordinary

£0.00

1

227

1

On 10 July 2015, the company subdivided its existing 1 Ordinary £1 share into 10,000 £0.0001 Ordinary shares.

Between 21 July 2015 and 31 July 2015, the company issued 1,790,000 Ordinary £0.0001 shares for a total

consideration of £150,164.

On 18 December 2015, the company issued 465,113 Ordinary £0.0001 shares for a total consideration of

£500,000.