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Registered Number: 10771844
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 May 2024

for

MOTIONWAY LIMITED

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 2,305  3,751 
Current assets 7,174  7,490 
Creditors: amount falling due within one year (5,325) (10,385)
Net current assets 1,849  (2,895)
Total assets less current liabilities 4,154  856 
Creditors: amount falling due after more than one year (2,976)
Provisions for liabilities (713) (713)
Accrued liabilities (359)
Net assets 106  143 
 
Capital and reserves 106  143 
 
  1. For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Martin Richard Thomas
Director

Date approved: 25 November 2024
1
Statutory Information
MOTIONWAY LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 10771844, registration address 9 Cheesmer Way, Broadbridge Heath, Horsham, RH12 3UY, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings13.19% Straight Line
Motor Vehicles25% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Fixtures and Fittings   Motor Vehicles   Total
  £   £   £
At 01 June 2023 5,222    17,003    22,225 
Additions    
Disposals    
At 31 May 2024 5,222    17,003    22,225 
Depreciation
At 01 June 2023 4,497    13,977    18,474 
Charge for year 689    757    1,446 
On disposals    
At 31 May 2024 5,186    14,734    19,920 
Net book values
Closing balance as at 31 May 2024 36    2,269    2,305 
Opening balance as at 01 June 2023 725    3,026    3,751 

3.

Average number of employees

Average number of employees during the year was 2  (2023: 2).
2