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MOTIVE8 LTD

Registered Number
04013702
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

MOTIVE8 LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

CLARKE, Robert Anthony
CLELAND-SMITH, Sarah Jane
CROMACK, Jennifer
MOON, Richard Phillip Norman
SADLER, Nicholas Giles Ingram

Registered Address

Gibraltar House
Govett Avenue
Shepperton
TW17 8AB

Registered Number

04013702 (England and Wales)
MOTIVE8 LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5296,301316,882
296,301316,882
Current assets
Stocks632,57132,571
Debtors74,109,8123,268,660
Cash at bank and on hand50,772150,174
4,193,1553,451,405
Creditors amounts falling due within one year8(3,501,985)(2,965,343)
Net current assets (liabilities)691,170486,062
Total assets less current liabilities987,471802,944
Net assets987,471802,944
Capital and reserves
Called up share capital55
Share premium54,99954,999
Profit and loss account932,467747,940
Shareholders' funds987,471802,944
The financial statements were approved and authorised for issue by the Board of Directors on 2 November 2023, and are signed on its behalf by:
CLELAND-SMITH, Sarah Jane
Director
Registered Company No. 04013702
MOTIVE8 LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery6.67
Fixtures and fittings6.67
Vehicles4
Office Equipment6.67
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year10694
5.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 April 22163,751116,751176,37093,74947,461598,082
Additions-39972,610-3,37976,388
Disposals--(92,095)--(92,095)
At 31 March 23163,751117,150156,88593,74950,840582,375
Depreciation and impairment
At 01 April 224,542111,14573,16571,67420,674281,200
Charge for year4,14590334,8176,6637,28653,814
On disposals--(48,940)--(48,940)
At 31 March 238,687112,04859,04278,33727,960286,074
Net book value
At 31 March 23155,0645,10297,84315,41222,880296,301
At 31 March 22159,2095,606103,20522,07526,787316,882
6.Stocks

2023

2022

££
Other stocks32,57132,571
Total32,57132,571
7.Debtors

2023

2022

££
Trade debtors / trade receivables3,700,1372,866,960
Other debtors382,764374,790
Prepayments and accrued income26,91126,910
Total4,109,8123,268,660
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,285,0981,391,636
Taxation and social security519,951316,987
Finance lease and HP contracts-28,803
Other creditors755,990551,891
Accrued liabilities and deferred income940,946676,026
Total3,501,9852,965,343
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.