Motion Distribution Ltd
Registered number: 07232796
Statement of Financial Position
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 825 100
Creditors: amounts falling due within one year 3 (965) -
Net current (liabilities)/assets (140) 100
Net (liabilities)/assets (140) 100
Capital and reserves
Called up share capital 100 100
Profit and loss account (240) -
Shareholders' funds (140) 100
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Armstrong
Director
Approved by the board on 30 January 2025
Motion Distribution Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The financial statements have been prepared on a going concern basis. The directors have assessed the company’s financial position and confirm it can meet its obligations for the next 12 months. Although the company is non-trading, it is supported by an associated company, who have committed to providing financial support if needed.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 240 -
Other creditors 725 -
965 -
4 Other information
Motion Distribution Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Hole House
Embleton
Wynyard
Cleveland
TS22 5NR
Motion Distribution Ltd 07232796 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Mr M Armstrong No description of principal activity 07232796 2022-05-01 2023-04-30 07232796 core:WithinOneYear 2023-04-30 07232796 core:ShareCapital 2023-04-30 07232796 core:RetainedEarningsAccumulatedLosses 2023-04-30 07232796 2023-05-01 2024-04-30 07232796 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07232796 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07232796 bus:Director40 2023-05-01 2024-04-30 07232796 2 2023-05-01 2024-04-30 07232796 countries:England 2023-05-01 2024-04-30 07232796 bus:FRS102 2023-05-01 2024-04-30 07232796 bus:FilletedAccounts 2023-05-01 2024-04-30 07232796 2024-04-30 07232796 core:WithinOneYear 2024-04-30 07232796 core:ShareCapital 2024-04-30 07232796 core:RetainedEarningsAccumulatedLosses 2024-04-30 07232796 2023-04-30 iso4217:GBP xbrli:pure