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REGISTERED NUMBER: 06136734 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MOTASOFT LTD

MOTASOFT LTD (REGISTERED NUMBER: 06136734)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOTASOFT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A L Burgess
A Meikle
L Murphy





SECRETARY: A L Burgess





REGISTERED OFFICE: Origin Workspace
40 Berkeley Square
Bristol
Avon
BS8 1HP





REGISTERED NUMBER: 06136734 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

MOTASOFT LTD (REGISTERED NUMBER: 06136734)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 1,829 2,438
4,829 6,438

CURRENT ASSETS
Debtors 6 120,644 114,051
Cash at bank and in hand 292,990 248,091
413,634 362,142
CREDITORS
Amounts falling due within one year 7 195,525 179,778
NET CURRENT ASSETS 218,109 182,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,938

188,802

CREDITORS
Amounts falling due after more than one
year

8

26,349

64,297
NET ASSETS 196,589 124,505

CAPITAL AND RESERVES
Called up share capital 24 25
Capital redemption reserve 77 77
Retained earnings 196,488 124,403
9 196,589 124,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 1 October 2024 and were signed on its behalf by:




A Meikle - Director


MOTASOFT LTD (REGISTERED NUMBER: 06136734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Motasoft Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023 16,000
Amortisation for year 1,000
At 31 March 2024 17,000
NET BOOK VALUE
At 31 March 2024 3,000
At 31 March 2023 4,000

MOTASOFT LTD (REGISTERED NUMBER: 06136734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 4,130 15,389 19,519
DEPRECIATION
At 1 April 2023 3,988 13,093 17,081
Charge for year 36 573 609
At 31 March 2024 4,024 13,666 17,690
NET BOOK VALUE
At 31 March 2024 106 1,723 1,829
At 31 March 2023 142 2,296 2,438

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,748 94,418
Directors' current accounts 15,000 15,000
Prepayments and accrued income 2,896 4,633
120,644 114,051

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,948 36,137
Trade creditors 25,650 13,212
Tax 27,766 30,721
Social security and other taxes 7,869 5,877
VAT 48,352 41,280
Other creditors 3,691 -
Directors' current accounts - 8,745
Accruals and deferred income 27,199 26,956
Accrued expenses 17,050 16,850
195,525 179,778

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 26,349 37,948
Bank loans - 2-5 years - 26,349
26,349 64,297

MOTASOFT LTD (REGISTERED NUMBER: 06136734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. RECONCILIATION OF MOVEMENTS IN RESERVES
2024 2023
£    £   
Profit for the financial year 244,510 254,353
Dividends (172,425 ) (142,962 )
72,085 111,391
Rounding (1 ) 1
Net addition to reserves 72,084 111,392
Opening reserves 124,505 13,113
Closing reserves 196,589 124,505