Motometrix Limited - Accounts to registrar (filleted) - small 18.1
Motometrix Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2017 |
| FOR |
| MOTOMETRIX LIMITED |
| MOTOMETRIX LIMITED (REGISTERED NUMBER: 04188605) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31st October 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| MOTOMETRIX LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31st October 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Crane Court |
| 302 London Road |
| Ipswich |
| Suffolk |
| IP2 0AJ |
| MOTOMETRIX LIMITED (REGISTERED NUMBER: 04188605) |
| STATEMENT OF FINANCIAL POSITION |
| 31st October 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| MOTOMETRIX LIMITED (REGISTERED NUMBER: 04188605) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31st October 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| MOTOMETRIX LIMITED (REGISTERED NUMBER: 04188605) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31st October 2017 |
| 1. | STATUTORY INFORMATION |
| Motometrix Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis. The directors consider this |
| to be valid due to their continued support and the continued support of the company's creditors. |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of |
| financial assets and liabilities like trade and other accounts receivable and payable and loans with |
| related parties. |
| Debt instruments that are payable or receivable within one year, such as trade payables or receivables, |
| are measured at the undiscounted amount of the cash or other consideration expected to be paid or |
| received. Debt instruments that are repayable or receivable after one year are initially measured at the |
| present value of the future cash flows and subsequently at amortised cost using the effective interest |
| method. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each financial |
| year for evidence of impairment. If objective evidence of impairment is found an impairment loss is |
| recognised in the Income Statement. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| 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. |
| MOTOMETRIX LIMITED (REGISTERED NUMBER: 04188605) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31st October 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st November 2016 |
| and 31st October 2017 |
| DEPRECIATION |
| At 1st November 2016 |
| Charge for year |
| At 31st October 2017 |
| NET BOOK VALUE |
| At 31st October 2017 |
| At 31st October 2016 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| VAT |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Directors' loan accounts | 32,832 | 32,669 |
| Accrued expenses |
| MOTOMETRIX LIMITED (REGISTERED NUMBER: 04188605) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31st October 2017 |
| 6. | GOING CONCERN |
| Although at the balance sheet date the company had net current liabilities of £28,061 creditors include |
| amounts due to the directors of £32,832. The directors have no intention of seeking repayment of this |
| amount until the company has generated sufficient profits and cash flows. |
| The company continues to develop its market place and the directors consider that the going concern |
| basis of accounting appropriate. |