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REGISTERED NUMBER: 06346375 (England and Wales)















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: T L Kent
D A Kent





SECRETARY: D A Kent





REGISTERED OFFICE: Unit 13
Smith's Yard
Summerley Street
London
SW18 4HR





REGISTERED NUMBER: 06346375 (England and Wales)





ACCOUNTANTS: McDermott & Co
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 4,530 5,191

CURRENT ASSETS
Debtors 967,619 914,272
Cash at bank and in hand 89,224 28,742
1,056,843 943,014
CREDITORS
Amounts falling due within one year 380,429 350,951
NET CURRENT ASSETS 676,414 592,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

680,944

597,254

CREDITORS
Amounts falling due after more than one year (32,390 ) (42,097 )

PROVISIONS FOR LIABILITIES (1,133 ) (987 )
NET ASSETS 647,421 554,170

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 646,421 553,170
SHAREHOLDERS' FUNDS 647,421 554,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Moveware Ltd (Registered number: 06346375)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 October 2023 and were signed on its behalf by:




T L Kent - Director



D A Kent - Director


Moveware Ltd (Registered number: 06346375)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Moveware Ltd is a private company, limited by shares , registered in England and Wales. The 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 7 (2022 - 7 ) .

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 29,525
Additions 1,009
At 30 June 2023 30,534
DEPRECIATION
At 1 July 2022 24,334
Charge for year 1,670
At 30 June 2023 26,004
NET BOOK VALUE
At 30 June 2023 4,530
At 30 June 2022 5,191

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 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 22,390 30,000
Bank loans 2-5 years - 2,097
22,390 32,097

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year 50,400 50,400

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.