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Motionwork Limited

Financial Statements for the Year Ended 31 January 2024






Motionwork Limited (Registered number: 06799987)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Motionwork Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: Mr M S Hopkinson
Mrs V Hopkinson





REGISTERED OFFICE: 1 - 5 Clerkenwell Road
London
EC1M 5PA





REGISTERED NUMBER: 06799987 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

Motionwork Limited (Registered number: 06799987)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,766 1,904
1,766 1,904

CURRENT ASSETS
Stocks 216,436 216,436
Debtors 6 17,702 33,276
Prepayments and accrued income 5,048 5,855
Cash at bank 408,319 382,235
647,505 637,802
CREDITORS
Amounts falling due within one year 7 68,048 66,287
NET CURRENT ASSETS 579,457 571,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

581,223

573,419

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 581,123 573,319
SHAREHOLDERS' FUNDS 581,223 573,419

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 23 October 2024 and were signed on its behalf by:



Mr M S Hopkinson - Director


Motionwork Limited (Registered number: 06799987)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

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

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 cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 150,000
AMORTISATION
At 1 February 2023
and 31 January 2024 150,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Motionwork Limited (Registered number: 06799987)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023 13,092
Additions 1,080
At 31 January 2024 14,172
DEPRECIATION
At 1 February 2023 11,188
Charge for year 1,218
At 31 January 2024 12,406
NET BOOK VALUE
At 31 January 2024 1,766
At 31 January 2023 1,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,418 33,276
PAYE debtor 284 -
17,702 33,276

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 66 -
Corporation tax 36,346 20,284
VAT 12,467 14,138
Credit card 245 503
Directors' current accounts 17,674 30,162
Accrued expenses 1,250 1,200
68,048 66,287