Company registration number 07495348 (England and Wales)
MOTTRAMSTUNTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
MOTTRAMSTUNTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
MOTTRAMSTUNTS LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
10,500
12,000
Tangible assets
4
41,897
999
Investments
5
10,000
10,000
62,397
22,999
Current assets
Debtors
766,713
623,733
Cash at bank and in hand
2,725
156,658
769,438
780,391
Creditors: amounts falling due within one year
(52,922)
(118,525)
Net current assets
716,516
661,866
Net assets
778,913
684,865
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
778,813
684,765
Total equity
778,913
684,865

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MOTTRAMSTUNTS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 15 November 2024
Mr P Mottram
Director
Company registration number 07495348 (England and Wales)
MOTTRAMSTUNTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

MottramStunts Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Studio 133, Canalot Studios, 222 Kensal Road, London, W10 5BN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

MOTTRAMSTUNTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% straight line
Fixtures and fittings
20% straight line
Computers
33.33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

MOTTRAMSTUNTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Intangible fixed assets
Total
£
Cost
At 1 April 2023 and 31 March 2024
30,000
Amortisation and impairment
At 1 April 2023
18,000
Amortisation charged for the year
1,500
At 31 March 2024
19,500
Carrying amount
At 31 March 2024
10,500
At 31 March 2023
12,000
MOTTRAMSTUNTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2023
49,858
5,727
2,196
-
0
57,781
Additions
-
0
33,321
-
0
20,082
53,403
At 31 March 2024
49,858
39,048
2,196
20,082
111,184
Depreciation and impairment
At 1 April 2023
49,500
5,086
2,196
-
0
56,782
Depreciation charged in the year
180
7,304
-
0
5,021
12,505
At 31 March 2024
49,680
12,390
2,196
5,021
69,287
Carrying amount
At 31 March 2024
178
26,658
-
0
15,061
41,897
At 31 March 2023
358
641
-
0
-
0
999
5
Fixed asset investments
2024
2023
£
£
Other investments other than loans
10,000
10,000
2024-03-312023-04-01falseCCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr Paul Mark Mottramfalsefalse074953482023-04-012024-03-31074953482024-03-31074953482023-03-3107495348core:PlantMachinery2024-03-3107495348core:FurnitureFittings2024-03-3107495348core:ComputerEquipment2024-03-3107495348core:MotorVehicles2024-03-3107495348core:PlantMachinery2023-03-3107495348core:FurnitureFittings2023-03-3107495348core:ComputerEquipment2023-03-3107495348core:MotorVehicles2023-03-3107495348core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3107495348core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3107495348core:ShareCapital2024-03-3107495348core:ShareCapital2023-03-3107495348core:RetainedEarningsAccumulatedLosses2024-03-3107495348core:RetainedEarningsAccumulatedLosses2023-03-3107495348bus:Director12023-04-012024-03-3107495348core:Goodwill2023-04-012024-03-3107495348core:PlantMachinery2023-04-012024-03-3107495348core:FurnitureFittings2023-04-012024-03-3107495348core:ComputerEquipment2023-04-012024-03-3107495348core:MotorVehicles2023-04-012024-03-31074953482022-04-012023-03-31074953482023-03-3107495348core:PlantMachinery2023-03-3107495348core:FurnitureFittings2023-03-3107495348core:ComputerEquipment2023-03-3107495348core:MotorVehicles2023-03-3107495348bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107495348bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107495348bus:FRS1022023-04-012024-03-3107495348bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3107495348bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP