IRIS Accounts Production v24.2.0.383 08778795 director 1.12.22 30.11.23 30.11.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087787952022-11-30087787952023-11-30087787952022-12-012023-11-30087787952021-11-30087787952021-12-012022-11-30087787952022-11-3008778795ns15:EnglandWales2022-12-012023-11-3008778795ns14:PoundSterling2022-12-012023-11-3008778795ns10:Director12022-12-012023-11-3008778795ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3008778795ns10:SmallEntities2022-12-012023-11-3008778795ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3008778795ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3008778795ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3008778795ns10:FullAccounts2022-12-012023-11-3008778795ns10:CompanySecretary12022-12-012023-11-3008778795ns10:RegisteredOffice2022-12-012023-11-3008778795ns5:CurrentFinancialInstruments2023-11-3008778795ns5:CurrentFinancialInstruments2022-11-3008778795ns5:Non-currentFinancialInstruments2023-11-3008778795ns5:Non-currentFinancialInstruments2022-11-3008778795ns5:ShareCapital2023-11-3008778795ns5:ShareCapital2022-11-3008778795ns5:RetainedEarningsAccumulatedLosses2023-11-3008778795ns5:RetainedEarningsAccumulatedLosses2022-11-3008778795ns5:PlantMachinery2022-12-012023-11-3008778795ns5:PlantMachinery2022-11-3008778795ns5:PlantMachinery2023-11-3008778795ns5:PlantMachinery2022-11-3008778795ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3008778795ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-30
REGISTERED NUMBER: 08778795 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Motive Technologies Ltd

Motive Technologies Ltd (Registered number: 08778795)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Motive Technologies Ltd

Company Information
for the year ended 30 November 2023







DIRECTOR: Mr I D Gamiao





SECRETARY: Mrs O - A Gamiao





REGISTERED OFFICE: 8 Kings Meadow
Ferry Hinksey Road
Oxford
OX2 0DP





REGISTERED NUMBER: 08778795 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF

Motive Technologies Ltd (Registered number: 08778795)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,324 5,403

CURRENT ASSETS
Debtors 5 30,000 36,440
Cash at bank 442 15,293
30,442 51,733
CREDITORS
Amounts falling due within one year 6 34,464 19,675
NET CURRENT (LIABILITIES)/ASSETS (4,022 ) 32,058
TOTAL ASSETS LESS CURRENT LIABILITIES 302 37,461

CREDITORS
Amounts falling due after more than one
year

7

(18,333

)

(30,556

)

PROVISIONS FOR LIABILITIES (822 ) (1,027 )
NET (LIABILITIES)/ASSETS (18,853 ) 5,878

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (18,953 ) 5,778
SHAREHOLDERS' FUNDS (18,853 ) 5,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Motive Technologies Ltd (Registered number: 08778795)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 22 October 2024 and were signed by:





Mr I D Gamiao - Director


Motive Technologies Ltd (Registered number: 08778795)

Notes to the Financial Statements
for the year ended 30 November 2023


1. STATUTORY INFORMATION

Motive Technologies 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% 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.

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 NIL (2022 - 3 ).

Motive Technologies Ltd (Registered number: 08778795)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 17,608
DEPRECIATION
At 1 December 2022 12,205
Charge for year 1,079
At 30 November 2023 13,284
NET BOOK VALUE
At 30 November 2023 4,324
At 30 November 2022 5,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 6,440
Other debtors 30,000 30,000
30,000 36,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,746 8,333
Taxation and social security 14,447 7,765
Other creditors 8,271 3,577
34,464 19,675

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,333 30,556