Registered Number:06234006 |
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2024
Motion 5 Exhibitions Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Motion 5 Exhibitions Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
145,236
136,260
2
145,236
136,260
4,000
4,000
3
Trade and other receivables |
167,922
172,489
4
280,357
Cash and cash equivalents |
375,139
551,628
452,279
Trade and other payables: amounts falling due within one |
year |
(224,503)
(212,162)
5
227,776
339,466
Net current assets
Total assets less current liabilities |
484,702
364,036
Trade and other payables: amounts falling due after more |
than one year |
(19,908)
(9,659)
6
(13,500)
(11,847)
Provisions for liabilities |
461,543
Net assets
332,281
100
100
461,443
332,181
461,543
332,281
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 June 2024
Motion 5 Exhibitions Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 31 January 2025 and were signed by: |
The notes form part of these financial statements |
2 of 5
For the year ended 30 June 2024
Motion 5 Exhibitions Ltd
Notes to the Financial Statements
Statutory Information
Motion 5 Exhibitions Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 06234006. |
Unit 9, New Brook Business Park
Weighbridge Road
Shirebrook
Mansfield
NG20 8GB
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and |
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms. |
Property, plant and equipment
Property, plant and equipment, 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: |
Land and Buildings
Plant and Equipment
Computer Equipment
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits. |
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For the year ended 30 June 2024
Motion 5 Exhibitions Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
252,509
12,959
92,051
73,593
73,906
28,222
289
-
27,933
-
101,526
92,051
13,248
280,731
73,906
Provision for depreciation and impairment |
116,249
9,606
51,787
54,856
-
Charge for year
19,246
546
10,066
8,634
-
135,495
10,152
61,853
63,490
-
73,906
38,036
30,198
3,096
145,236
73,906
18,737
40,264
3,353
136,260
2023
2024
4,000
4,000
4. Trade and other receivables |
2023
2024
172,489
155,240
-
12,682
167,922
172,489
5. Trade and other payables: amounts falling due within one year |
2023
2024
10,254
10,017
8,256
4,307
Taxation and social security |
79,972
58,782
113,680
151,397
212,162
224,503
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For the year ended 30 June 2024
Motion 5 Exhibitions Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
9,659
19,908
7. Related party transactions |
The directors are also shareholders of the company. Dividends paid to the directors, as shareholders of the |
company, during the year (with the previous year shown in brackets) were as follows: Mr J. Grant £14,000 |
(£2,000); Mr K. Grant £Nil (£Nil). |
8. Average number of persons employed |
During the year the average number of employees was 6 (2023 : 6)
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