Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-302023-07-302022-07-31falseNo description of principal activity13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 7927606 2022-07-31 2023-07-30 7927606 2021-07-31 2022-07-30 7927606 2023-07-30 7927606 2022-07-30 7927606 c:Director1 2022-07-31 2023-07-30 7927606 c:RegisteredOffice 2022-07-31 2023-07-30 7927606 d:FurnitureFittings 2022-07-31 2023-07-30 7927606 d:FurnitureFittings 2023-07-30 7927606 d:FurnitureFittings 2022-07-30 7927606 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-31 2023-07-30 7927606 d:CurrentFinancialInstruments 2023-07-30 7927606 d:CurrentFinancialInstruments 2022-07-30 7927606 d:Non-currentFinancialInstruments 2023-07-30 7927606 d:Non-currentFinancialInstruments 2022-07-30 7927606 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-30 7927606 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-30 7927606 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-30 7927606 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-30 7927606 d:ShareCapital 2023-07-30 7927606 d:ShareCapital 2022-07-30 7927606 d:RetainedEarningsAccumulatedLosses 2023-07-30 7927606 d:RetainedEarningsAccumulatedLosses 2022-07-30 7927606 c:FRS102 2022-07-31 2023-07-30 7927606 c:AuditExempt-NoAccountantsReport 2022-07-31 2023-07-30 7927606 c:FullAccounts 2022-07-31 2023-07-30 7927606 c:PrivateLimitedCompanyLtd 2022-07-31 2023-07-30 7927606 d:WithinOneYear 2023-07-30 7927606 d:WithinOneYear 2022-07-30 7927606 d:BetweenOneFiveYears 2023-07-30 7927606 d:BetweenOneFiveYears 2022-07-30 iso4217:GBP xbrli:pure
Company registration number: 7927606







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JULY 2023


MOVEDIGITAL LTD






































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MOVEDIGITAL LTD
 


 
COMPANY INFORMATION


Director
Mr G John 




Registered number
7927606



Registered office
New Lodge London Road
Collingtree

Northampton

NN4 0NP




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


MOVEDIGITAL LTD
REGISTERED NUMBER:7927606



STATEMENT OF FINANCIAL POSITION
AS AT 30 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
394
424

  
394
424

Current assets
  

Debtors: amounts falling due within one year
 5 
269,898
326,186

  
269,898
326,186

Creditors: amounts falling due within one year
 6 
(263,634)
(292,034)

Net current assets
  
 
 
6,264
 
 
34,152

Total assets less current liabilities
  
6,658
34,576

Creditors: amounts falling due after more than one year
 7 
(23,756)
(33,984)

  

Net (liabilities)/assets
  
(17,098)
592


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(17,198)
492

  
(17,098)
592


Page 1

 


MOVEDIGITAL LTD
REGISTERED NUMBER:7927606


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 April 2024.




Mr G John
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


MOVEDIGITAL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2023

1.


General information

Movedigital Limited is a private company, limited by shares, registered in England and Wales, registration number
07927606. The registered office is New Lodge London Road, Collingtree, Northampton, NN4 0NP. The principal place of business is 20-22 Lordship Lane, London SE22 8HN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

  
2.3

Going concern

The director has prepared the accounts on the going concern basis. The company has been and remains reliant on support from its trade creditors, government support and shareholder loans and making use of extended credit facilities. The director has considered this and forecasted cashflows for the twelve months from the date of approving these accounts and considers the going concern basis of preparation to be appropriate. In the event of existing financial support being withdrawn, or failure to secure additional funding to support working capital requirements, the company may cease to be a going concern.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 


MOVEDIGITAL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2023

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 4

 


MOVEDIGITAL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 3).

Page 5

 


MOVEDIGITAL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 31 July 2022
525


Additions
172



At 30 July 2023

697



Depreciation


At 31 July 2022
101


Charge for the year on owned assets
202



At 30 July 2023

303



Net book value



At 30 July 2023
394



At 30 July 2022
424

Page 6

 


MOVEDIGITAL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
25,517
58,437

Other debtors
244,381
267,749

269,898
326,186



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
9,368
9,565

Bank loans
10,000
10,000

Trade creditors
48,438
44,622

Corporation tax
15,080
29,740

Other taxation and social security
104,128
123,857

Other creditors
73,370
74,250

Accruals and deferred income
3,250
-

263,634
292,034



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,756
33,984

23,756
33,984



8.


Commitments under operating leases

At 30 July 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
2,899
2,899

Later than 1 year and not later than 5 years
1,665
2,913

4,564
5,812

Page 7

 


MOVEDIGITAL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2023

9.


Transactions with directors

Included within other debtors is a balance due from Mr G John amounting to £183,763 (2022: £201,985).
Amounts advanced during the year totalled £69,546 (2022: £96,375).
Amounts repaid during the year totalled £87,768 (2022: £93,139).
The loan is interest free


10.


Related party transactions

A shareholder has provided an interest free, repayable on demand loan of £72,460 (2022: £72,460)

 
Page 8