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REGISTERED NUMBER: 03312873 (England and Wales)










Motion Europe Ltd

Unaudited Financial Statements

for the Year Ended 29 February 2024






Motion Europe Ltd (Registered number: 03312873)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Motion Europe Ltd

Company Information
for the year ended 29 February 2024







DIRECTORS: Ms N Grossmann
Ms A Nepi





SECRETARY: Ms A Nepi





REGISTERED OFFICE: Jhumat House Suite 405, 4th Floor
160 London Road
Barking
IG11 8BB





REGISTERED NUMBER: 03312873 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Motion Europe Ltd (Registered number: 03312873)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,264 46,189
Tangible assets 5 12,736 8,911
57,000 55,100

CURRENT ASSETS
Debtors 6 656,602 614,431
Cash at bank 1,982,539 1,392,821
2,639,141 2,007,252
CREDITORS
Amounts falling due within one year 7 1,615,006 1,194,341
NET CURRENT ASSETS 1,024,135 812,911
TOTAL ASSETS LESS CURRENT LIABILITIES 1,081,135 868,011

CREDITORS
Amounts falling due after more than one year 8 (18,551 ) (28,623 )

PROVISIONS FOR LIABILITIES (2,648 ) (1,693 )
NET ASSETS 1,059,936 837,695

CAPITAL AND RESERVES
Called up share capital 31 31
Revaluation reserve 9 54,675 54,675
Capital redemption reserve 69 69
Retained earnings 1,005,161 782,920
1,059,936 837,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Motion Europe Ltd (Registered number: 03312873)

Balance Sheet - continued
29 February 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 18 November 2024 and were signed on its behalf by:





Ms A Nepi - Director


Motion Europe Ltd (Registered number: 03312873)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Motion Europe 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.

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.

Development costs are being amortised evenly over their estimated useful life of twenty five years.

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 - 15% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 9 (2023 - 7 ) .

Motion Europe Ltd (Registered number: 03312873)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 54,675
AMORTISATION
At 1 March 2023 8,486
Charge for year 1,925
At 29 February 2024 10,411
NET BOOK VALUE
At 29 February 2024 44,264
At 28 February 2023 46,189

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 23,564
Additions 6,843
At 29 February 2024 30,407
DEPRECIATION
At 1 March 2023 14,653
Charge for year 3,018
At 29 February 2024 17,671
NET BOOK VALUE
At 29 February 2024 12,736
At 28 February 2023 8,911

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,219 115,091
Other debtors 635,383 499,340
656,602 614,431

Motion Europe Ltd (Registered number: 03312873)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,000 9,000
Prepaid Income 1,377,196 818,231
Trade creditors 64,991 12,797
Taxation and social security 102,041 291,335
Other creditors 61,778 62,978
1,615,006 1,194,341

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 18,551 28,623

9. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 54,675

10. RELATED PARTY DISCLOSURES

One of the directors loaned money to the company on an unsecured loan basis repayable on demand. The loan carries an interest rate of 9.39%. During the year interest was paid in relation to the loan totalling £4,788 (2023: £4,788). The amount owing at the beginning of the year was £50,990 with £50,990 owing at the end of the year.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms A Nepi.

Motion Europe Ltd

Report of the Accountants to the Directors of
Motion Europe Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN


Date: .............................................