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Registration number: 11944741

Move 80 Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Move 80 Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Move 80 Ltd

Company Information

Directors





 

Mr Roberto D'Alessandro

Mr Simone Guerini Rocco

Registered office






 

Unit 19 Silverwing Industrial Estate
Horatius Way
Croydon
Surrey
CR0 4RU

Accountants

A S Partnership Ltd
Chartered Certified Accountants
158 Stafford Road
Wallington
Surrey
SM6 9BS

 

Move 80 Ltd

(Registration number: 11944741)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

           

Fixed Assets

   

 

Tangible Assets

4

 

126,303

 

126,303

Current assets

   

 

Cash at bank and in hand

 

6,695

 

22,910

 

Creditors: Amounts falling due within one year

5

(34,284)

 

(75,979)

 

Net current liabilities

   

(27,589)

 

(53,069)

Total assets less current liabilities

   

98,714

 

73,234

Creditors: Amounts falling due after more than one year

5

 

(117,721)

 

(91,576)

Net liabilities

   

(19,007)

 

(18,342)

Capital and reserves

   

 

Called up share capital

6

100

 

100

 

Retained earnings

(19,107)

 

(18,442)

 

Shareholders' deficit

   

(19,007)

 

(18,342)

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

As permitted by s444A and s444(5A) of the Companies Act 2006, the directors have not delivered to the Registrar a copy of the directors report, profit and loss account and associated notes.

Directors' responsibilities:

 

Move 80 Ltd

(Registration number: 11944741)
Balance Sheet as at 30 April 2023

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 10 November 2023 and signed on its behalf by:
 

.........................................
Mr Roberto D'Alessandro
Director

 

Move 80 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 19 Silverwing Industrial Estate
Horatius Way
Croydon
Surrey
CR0 4RU
United Kingdom

These financial statements were authorised for issue by the Board on 10 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Move 80 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Move 80 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible Assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2022

126,303

126,303

At 30 April 2023

126,303

126,303

Depreciation

Carrying amount

At 30 April 2023

126,303

126,303

At 30 April 2022

126,303

126,303

Included within the net book value of land and buildings above is £126,303 (2022 - £126,303) in respect of freehold land and buildings.
 

 

Move 80 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts due to related parties

33,195

75,499

Accruals

 

1,089

480

 

34,284

75,979

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

117,721

91,576

Above includes loans secured against let properties maturing in 2047

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

117,721

91,576