Registered number
09608551
UK Motion Licensing Ltd
Filleted Accounts
31 May 2021
UK Motion Licensing Ltd
Registered number: 09608551
Balance Sheet
as at 31 May 2021
Notes 2021 2020
£ £
Current assets
Debtors 3 48,946 55,803
Cash at bank and in hand 38,354 31,950
87,300 87,753
Creditors: amounts falling due within one year 4 2,908 (12,971)
Net current assets 90,208 74,782
Net assets 90,208 74,782
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 89,208 73,782
Shareholder's funds 90,208 74,782
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Guy de Vergie
Director
Approved by the board on 14 November 2022
UK Motion Licensing Ltd
Notes to the Accounts
for the year ended 31 May 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Foreign currency translation
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.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company - -
3 Debtors 2021 2020
£ £
Trade debtors 4,597 46,292
Other debtors 44,349 9,511
48,946 55,803
4 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors - 2,880
Taxation and social security costs (578) 3,483
Other creditors (2,330) 6,608
(2,908) 12,971
5 Other information
UK Motion Licensing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 9
Queen's Yard
White Post Lane
London
E9 5EN
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