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REGISTERED NUMBER: 04461035 (England and Wales)












Financial Statements

for the Year Ended 5 April 2024

for

MOTIONPATH LIMITED

MOTIONPATH LIMITED (REGISTERED NUMBER: 04461035)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOTIONPATH LIMITED

Company Information
for the Year Ended 5 April 2024







DIRECTORS: T D Roser
Mrs C H Roser





SECRETARY: Mrs C H Roser





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 04461035 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

MOTIONPATH LIMITED (REGISTERED NUMBER: 04461035)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,025 3,325

CURRENT ASSETS
Debtors 5 11,278 22,895
Cash at bank 10,380 3,572
21,658 26,467
CREDITORS
Amounts falling due within one year 6 20,130 23,398
NET CURRENT ASSETS 1,528 3,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,553

6,394

CREDITORS
Amounts falling due after more than one
year

7

(3,103

)

(5,692

)

PROVISIONS FOR LIABILITIES 8 (385 ) (632 )
NET ASSETS 65 70

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 63 68
SHAREHOLDERS' FUNDS 65 70

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

MOTIONPATH LIMITED (REGISTERED NUMBER: 04461035)

Balance Sheet - continued
5 April 2024


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 9 October 2024 and were signed on its behalf by:




T D Roser - Director



Mrs C H Roser - Director


MOTIONPATH LIMITED (REGISTERED NUMBER: 04461035)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Motionpath 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.

Turnover
Turnover comprises revenue recognised by the company in respect of services provided, exclusive of Value Added Tax.

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 - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 2 (2023 - 2 ) .

MOTIONPATH LIMITED (REGISTERED NUMBER: 04461035)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 6 April 2023 9,636 6,736 16,372
Additions - 837 837
At 5 April 2024 9,636 7,573 17,209
DEPRECIATION
At 6 April 2023 8,351 4,696 13,047
Charge for year 1,285 852 2,137
At 5 April 2024 9,636 5,548 15,184
NET BOOK VALUE
At 5 April 2024 - 2,025 2,025
At 5 April 2023 1,285 2,040 3,325

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,220 6,840
Directors' loan accounts 6,058 16,055
11,278 22,895

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,589 2,525
Tax 7,537 9,782
VAT 4,299 4,711
Credit card 515 190
Deferred income 3,350 4,350
Accrued expenses 1,840 1,840
20,130 23,398

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,654 2,589
Bank loans - 2-5 years 449 3,103
3,103 5,692

MOTIONPATH LIMITED (REGISTERED NUMBER: 04461035)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Due to the adverse impact of Covid-19, the company gained a Bounce Back Loan totalling £ 12,685.

Repayments are due over sixty consecutive months and commence thirteen months after the release of funds in May 2020.

Interest is due at 2.5% per annum.

A Business Interruption Payment was granted totalling £317 and covers the first twelve months of interest payments.

Total repayments (capital and interest) total £13,508.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred taxation 385 632

Deferred
tax
£   
Balance at 6 April 2023 632
Accelerated capital allowances (247 )
Balance at 5 April 2024 385

9. ULTIMATE CONTROLLING PARTY

The company's issued share capital is owned equally by T D Roser and Mrs C H Roser, therefore the company is not under the control of any one party.