REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Moveware Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Moveware Ltd |
Moveware Ltd (Registered number: 06346375) |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Moveware Ltd |
Company Information |
for the Year Ended 30 June 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Unit 111, The Light Bulb |
1 Filament Walk |
London |
SW18 4GQ |
Moveware Ltd (Registered number: 06346375) |
Abridged Balance Sheet |
30 June 2023 |
30.6.23 | 30.6.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
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. |
Moveware Ltd (Registered number: 06346375) |
Abridged Balance Sheet - continued |
30 June 2023 |
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 and authorised for issue on |
Moveware Ltd (Registered number: 06346375) |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | STATUTORY INFORMATION |
Moveware Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Moveware Ltd (Registered number: 06346375) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 July 2022 |
Additions |
At 30 June 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for year |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
5. | LOANS |
An analysis of the maturity of loans is given below: |
30.6.23 | 30.6.22 |
£ | £ |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
Bank loans 2-5 years | - | 2,097 |
6. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.6.23 | 30.6.22 |
£ | £ |
Within one year |
Moveware Ltd (Registered number: 06346375) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
7. | RELATED PARTY DISCLOSURES |
Rent of £50,400 (2022 - £50,400) was paid to the landlords of the commercial premises occupied by the company, the landlords are trusts under the control of the directors Mr TL Kent and Mr DA Kent. |
A management fee of £2,080 (2022 - £2,080) was received by the company for services carried out for the trusts which are under the control of the directors Mr TL Kent and Mr DA Kent. |
Moveware Australia Pty Ltd |
A company in which Mr TL Kent and Mr DA Kent are shareholders |
At the balance sheet date there was an intercompany balance due from Moveware Australia Pty Ltd, a company registered in Australia of £687 (2022 - £2,649) |
Moveware Connect Pty Ltd |
A company in which Mr TL Kent and Mr DA Kent are shareholders |
At the balance sheet date there was an intercompany balance due from Moveware Connect Pty Ltd, a company registered in Australia of £725,369 (2022 - £666,371) |
During the year charges of £910,097 were incurred from Moveware Connect for software usage, staff costs and overheads (2022 - £816,907) |
Moveware Ltd |
A company in which Mr TL Kent and Mr DA Kent are shareholders |
At the balance sheet date there was an intercompany balance due to Moveware Ltd, a company registered in Canada of £170 (2022 - £430) |
8. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Messrs DA and TL Kent by virtue of their beneficial shareholdings. |