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REGISTERED NUMBER: 04601835 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

MOTOCOM LIMITED

MOTOCOM LIMITED (REGISTERED NUMBER: 04601835)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


MOTOCOM LIMITED

Company Information
for the year ended 31st December 2023







DIRECTORS: J P Clements
D M Dew
L Plummer
T M M Tremayne





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 04601835 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Motocom Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Motocom Limited for the year ended 31st December 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Motocom Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Motocom Limited and state those matters that we have agreed to state to the Board of Directors of Motocom Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Motocom Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Motocom Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Motocom Limited. You consider that Motocom Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Motocom Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN


Date: .............................................

MOTOCOM LIMITED (REGISTERED NUMBER: 04601835)

Statement of Financial Position
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 62,375 73,621
Investments 5 500,000 500,000
562,375 573,621

CURRENT ASSETS
Debtors 6 930,181 861,967
Cash at bank 256,070 208,909
1,186,251 1,070,876
CREDITORS
Amounts falling due within one year 7 535,242 431,474
NET CURRENT ASSETS 651,009 639,402
TOTAL ASSETS LESS CURRENT LIABILITIES 1,213,384 1,213,023

CREDITORS
Amounts falling due after more than one
year

8

65,380

111,861
NET ASSETS 1,148,004 1,101,162

CAPITAL AND RESERVES
Called up share capital 10 158 158
Capital redemption reserve 25 25
Retained earnings 1,147,821 1,100,979
SHAREHOLDERS' FUNDS 1,148,004 1,101,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

MOTOCOM LIMITED (REGISTERED NUMBER: 04601835)

Statement of Financial Position - continued
31st December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd April 2024 and were signed on its behalf by:





T M M Tremayne - Director


MOTOCOM LIMITED (REGISTERED NUMBER: 04601835)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Motocom Limited 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.

Revenue
Revenue compromises amounts receivable for the rendering of marketing and PR services, and is recognised at the point of sale to the extent that it is probably that the economic benefits will flow to the company and the turnover can be reliably measured. Revenue 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
Tangible fixed assets under the cost model are stated at the historical cost less accumulated depreciation. 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 as so to allocate the cost of assets less their residual values over their estimated useful lives, on the following basis:

Motor Vehicles - 25% reducing balance
Computer Equipment - 33% straight line
Improvements to property - 10% straight line

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Foreign currencies
Functional and presentation currency
The company's functional and presentational currency is pound sterling.

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 current 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.

MOTOCOM LIMITED (REGISTERED NUMBER: 04601835)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised within administrative expenses in the statement of comprehensive income.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 19 ) .

MOTOCOM LIMITED (REGISTERED NUMBER: 04601835)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2023 14,214 55,826 56,904 126,944
Additions 2,610 - 15,630 18,240
At 31st December 2023 16,824 55,826 72,534 145,184
DEPRECIATION
At 1st January 2023 2,046 18,446 32,831 53,323
Charge for year 1,683 9,345 18,458 29,486
At 31st December 2023 3,729 27,791 51,289 82,809
NET BOOK VALUE
At 31st December 2023 13,095 28,035 21,245 62,375
At 31st December 2022 12,168 37,380 24,073 73,621

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.23 31.12.22
£    £   
Investment property 500,000 500,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 111,823 180,552
Amounts owed by associates 794,293 640,496
Other debtors 23,560 23,560
Directors' current accounts 187 17,359
Prepayments 318 -
930,181 861,967

MOTOCOM LIMITED (REGISTERED NUMBER: 04601835)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 28,415 27,361
Hire purchase contracts 7,125 7,125
Trade creditors 35,699 25,177
Tax 142,373 140,725
Social security and other taxes 28,715 27,267
VAT 73,091 68,352
Other creditors 44,098 36,765
Directors' current accounts 77,061 42,253
Accruals and deferred income 98,665 56,449
535,242 431,474

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 36,130 63,486
Hire purchase contracts 14,250 21,375
Other creditors 15,000 27,000
65,380 111,861

9. LOANS

An analysis of the maturity of loans is given below:
31.12.2331.12.22
Bank loans:££
Amounts falling due within one year28,41527,361
Amounts falling due between one and two years30,75928,662
Amounts falling due between two and five years5,37134,825
64,54590,848

The bank loan is repayable in instalments over 4 years. Interest is payable on the loan at a fixed rate of 4.47% per annum.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
158 Ordinary £1 158 158

There is a single class of share. There are no restrictions on the distribution of dividends and the repayment of capital.

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £1,000 by Motocom Group Holdings Limited, a company under common control (2022 - £1,000).