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REGISTERED NUMBER: 12352871 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MOTIF STUDIOS LIMITED

MOTIF STUDIOS LIMITED (REGISTERED NUMBER: 12352871)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOTIF STUDIOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R S Crossland
L J Hunter





REGISTERED OFFICE: Room 73, Wrest House. Wrest Park
Silsoe
Bedford
MK45 4HR





REGISTERED NUMBER: 12352871 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

MOTIF STUDIOS LIMITED (REGISTERED NUMBER: 12352871)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 33,296 34,231

CURRENT ASSETS
Debtors 6 80,221 64,776
Cash at bank 110 1,963
80,331 66,739
CREDITORS
Amounts falling due within one year 7 100,281 55,652
NET CURRENT (LIABILITIES)/ASSETS (19,950 ) 11,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,346

45,318

CREDITORS
Amounts falling due after more than one year 8 (3,894 ) (5,694 )

PROVISIONS FOR LIABILITIES 9 (6,326 ) (6,917 )
NET ASSETS 3,126 32,707

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 2,126 31,707
SHAREHOLDERS' FUNDS 3,126 32,707

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





R S Crossland - Director


MOTIF STUDIOS LIMITED (REGISTERED NUMBER: 12352871)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Motif Studios 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover 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
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Computer and technical equipment - 25% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Business bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% for the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

MOTIF STUDIOS LIMITED (REGISTERED NUMBER: 12352871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Computer
Fixtures and
Plant and and technical
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 January 2023 2,345 11,166 34,254 47,765
Additions 4,840 1,671 5,723 12,234
At 31 December 2023 7,185 12,837 39,977 59,999
Depreciation
At 1 January 2023 1,413 2,481 9,640 13,534
Charge for year 1,689 3,081 8,399 13,169
At 31 December 2023 3,102 5,562 18,039 26,703
Net book value
At 31 December 2023 4,083 7,275 21,938 33,296
At 31 December 2022 932 8,685 24,614 34,231

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,390 62,981
Amounts owed by group undertakings 4,000 -
Director's loan account 17,831 -
Corporation tax refund - 1,795
80,221 64,776

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,800 1,800
Trade creditors - 116
Amounts owed to group undertakings 9,292 24,882
Social security and other taxes 28,352 5,468
VAT 41,811 19,333
Other creditors 5,153 1,003
Wages payable 10,823 -
Accruals and deferred income 3,050 3,050
100,281 55,652

The bank loan was undertaken in the prior year with interest being charged at 2.5% per annum.

The loan is 100% guaranteed by the government in line with the COVID scheme rules.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,894 5,694

The bank loan was undertaken in the prior year with interest being charged at 2.5% per annum.

The loan is 100% guaranteed by the government in line with the COVID scheme rules.

MOTIF STUDIOS LIMITED (REGISTERED NUMBER: 12352871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,326 6,917

Deferred
tax
£   
Balance at 1 January 2023 6,917
Capital allowances in excess
of depreciation (591 )
Balance at 31 December 2023 6,326

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary 1 1,000 1,000

11. RELATED PARTY DISCLOSURES

Control of the company throughout the year rested with the ultimate parent company, Motif Holdings Group Limited, a company registered in England and Wales.

Included in other debtors is a amount of £869 (2022: £Nil) due from R S Crossland, director. During the year advances of £29,870 and repayments of £29,001 were made in respect of this loan. No interest was charged on the loan and the loan was repaid in full on 30th June 2024.

Included in other debtors is a amount of £16,962 (2022: £Nil) due from L Hunter, director. During the year advances of £39,500 and repayments of £23,346 were made in respect of this loan. Interest of £808 has been charged on this balance during the year at 5% and the loan was repaid in full on 30th June 2024.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. not to disclose related party transactions with its fellow group companies.