IRIS Accounts Production v24.2.0.383 NI025648 Board of Directors 1.1.23 31.12.23 31.12.23 23.9.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0256482022-12-31NI0256482023-12-31NI0256482023-01-012023-12-31NI0256482021-12-31NI0256482022-01-012022-12-31NI0256482022-12-31NI025648ns15:NorthernIreland2023-01-012023-12-31NI025648ns14:PoundSterling2023-01-012023-12-31NI025648ns10:Director12023-01-012023-12-31NI025648ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31NI025648ns10:SmallEntities2023-01-012023-12-31NI025648ns10:Audited2023-01-012023-12-31NI025648ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31NI025648ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31NI025648ns10:FullAccounts2023-01-012023-12-31NI025648ns10:Director22023-01-012023-12-31NI025648ns10:RegisteredOffice2023-01-012023-12-31NI025648ns5:CurrentFinancialInstruments2023-12-31NI025648ns5:CurrentFinancialInstruments2022-12-31NI025648ns5:ShareCapital2023-12-31NI025648ns5:ShareCapital2022-12-31NI025648ns5:SharePremium2023-12-31NI025648ns5:SharePremium2022-12-31NI025648ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-31NI025648ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-31NI025648ns5:RetainedEarningsAccumulatedLosses2023-12-31NI025648ns5:RetainedEarningsAccumulatedLosses2022-12-31NI025648ns5:PlantMachinery2022-12-31NI025648ns5:ComputerEquipment2022-12-31NI025648ns5:PlantMachinery2023-01-012023-12-31NI025648ns5:ComputerEquipment2023-01-012023-12-31NI025648ns5:PlantMachinery2023-12-31NI025648ns5:ComputerEquipment2023-12-31NI025648ns5:PlantMachinery2022-12-31NI025648ns5:ComputerEquipment2022-12-31NI025648ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31NI025648ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: NI025648 (Northern Ireland)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MOTIVATION IN LEARNING LIMITED

MOTIVATION IN LEARNING LIMITED (REGISTERED NUMBER: NI025648)






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


MOTIVATION IN LEARNING LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Ms N R Fell
S R Login





REGISTERED OFFICE: Unit 447 Bloomfield Avenue
Belfast
BT5 5AD





REGISTERED NUMBER: NI025648 (Northern Ireland)





AUDITORS: Haines Watts Scotland
Business Advisors, Accountants and
Statutory Auditors
Q Court
3 Quality Street
Edinburgh
EH4 5BP

MOTIVATION IN LEARNING LIMITED (REGISTERED NUMBER: NI025648)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,160 6,816

CURRENT ASSETS
Stocks 301,786 327,125
Debtors 5 129,265 170,807
Cash at bank 493,224 450,211
924,275 948,143
CREDITORS
Amounts falling due within one year 6 113,109 102,454
NET CURRENT ASSETS 811,166 845,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,326

852,505

PROVISIONS FOR LIABILITIES 631 6,256
NET ASSETS 813,695 846,249

CAPITAL AND RESERVES
Called up share capital 248,347 248,347
Share premium 7 24,537 24,537
Capital contribution 7 762,077 762,077
Retained earnings 7 (221,266 ) (188,712 )
813,695 846,249

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 23 September 2024 and were signed on its behalf by:





S R Login - Director


MOTIVATION IN LEARNING LIMITED (REGISTERED NUMBER: NI025648)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Motivation In Learning Limited is a private company, limited by shares , registered in Northern Ireland. 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.

The directors intend to cease operations within 12 months from the date of approval of the financial statements. The financial statements have therefore been prepared on a basis other than going concern with assets stated at their recoverable amounts and liabilities at amounts expected to settle obligations in full at the balance sheet date.

RELATED PARTY EXEMPTION
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 wholly owned subsidiaries within the group.

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
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:

Computer equipment - 20%
Plants and machinery - 33%

STOCKS
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


MOTIVATION IN LEARNING LIMITED (REGISTERED NUMBER: NI025648)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 15,501 17,901 33,402
DEPRECIATION
At 1 January 2023 15,036 11,550 26,586
Charge for year 397 3,259 3,656
At 31 December 2023 15,433 14,809 30,242
NET BOOK VALUE
At 31 December 2023 68 3,092 3,160
At 31 December 2022 465 6,351 6,816

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 88,654 131,929
Other debtors 40,611 38,878
129,265 170,807

MOTIVATION IN LEARNING LIMITED (REGISTERED NUMBER: NI025648)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 101,802 62,432
Amounts owed to group undertakings - 4,680
Taxation and social security 1,973 14,582
Other creditors 9,334 20,760
113,109 102,454

7. RESERVES

The capital contribution reserve arose as a result of the forgiveness of a debt by the parent company of amounts owed to it by Motivation in Learning Limited. The reserve is a non distributable reserve.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


We draw attention to Note 2 of the financial statements which explain that the directors intend to cease operations and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in the Accounting Policies. Our opinion is not modified in respect of this matter.

Craig Hunter (Senior Statutory Auditor)
for and on behalf of Haines Watts Scotland

9. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is TroGroup Holding GmbH, incorporated in Austria. Copies of the group financial statements for the ultimate parent undertaking may be obtained from that company's registered office at Linzerstrasse 156, 4600 Wels, Austria.

The immediate parent undertaking is Trodat (UK) Limited.