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Registered number: 05968365
Motion Plus Limited
Unaudited Financial Statements
For the Period 1 November 2023 to 31 March 2024
Karen Russell t/a Moneywerks
3 Chettle Place
Potterspury
Towcester
Northants
NN12 7PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05968365
31 March 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,047 29,834
29,047 29,834
CURRENT ASSETS
Stocks 5 34,352 47,556
Debtors 6 117,536 135,120
Cash at bank and in hand 42,110 9,531
193,998 192,207
Creditors: Amounts Falling Due Within One Year 7 (166,001 ) (156,854 )
NET CURRENT ASSETS (LIABILITIES) 27,997 35,353
TOTAL ASSETS LESS CURRENT LIABILITIES 57,044 65,187
NET ASSETS 57,044 65,187
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 57,042 65,185
SHAREHOLDERS' FUNDS 57,044 65,187
Page 1
Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Karen Russell
Director
06/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Motion Plus Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05968365 . The registered office is Unit 5, Pineham Farm, Haversham, Milton Keynes, MK19 7DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18
Motor Vehicles 18
Fixtures & Fittings 18
Computer Equipment 18
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 99,834 11,307 6,567 117,708
Additions - - 1,621 1,621
As at 31 March 2024 99,834 11,307 8,188 119,329
Depreciation
As at 1 November 2023 70,000 11,307 6,567 87,874
Provided during the period 787 - 1,621 2,408
As at 31 March 2024 70,787 11,307 8,188 90,282
...CONTINUED
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Net Book Value
As at 31 March 2024 29,047 - - 29,047
As at 1 November 2023 29,834 - - 29,834
5. Stocks
31 March 2024 31 October 2023
£ £
Materials 34,352 47,556
6. Debtors
31 March 2024 31 October 2023
£ £
Due within one year
Trade debtors 105,398 120,102
Prepayments and accrued income 1,952 2,895
Other debtors 10,186 10,062
VAT - 2,061
117,536 135,120
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 October 2023
£ £
Trade creditors 61,007 72,867
Bank loans and overdrafts 4,409 15,632
Other taxes and social security 528 5,525
VAT 2,240 -
Accruals and deferred income 2,102 2,995
Directors' loan accounts 95,715 59,835
166,001 156,854
8. Share Capital
31 March 2024 31 October 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4