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REGISTERED NUMBER: 01305737 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MOTWARD LIMITED

MOTWARD LIMITED (REGISTERED NUMBER: 01305737)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOTWARD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs D Tolhurst





SECRETARY: Mrs D Tolhurst





REGISTERED OFFICE: 3A-3B Warboys Airfield Industrial Estate
Warboys
Huntingdon
Cambridgeshire
PE28 2SH





REGISTERED NUMBER: 01305737 (England and Wales)





ACCOUNTANTS: Darrington & Co Limited
71 High Street
Gt Barford
Bedford
Bedfordshire
MK44 3LF

MOTWARD LIMITED (REGISTERED NUMBER: 01305737)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,445,262 1,370,428
Investments 5 205,000 205,000
1,650,262 1,575,428

CURRENT ASSETS
Stocks 117,354 152,804
Debtors 6 406,071 379,537
Cash at bank and in hand 300,257 619,565
823,682 1,151,906
CREDITORS
Amounts falling due within one year 7 455,988 429,297
NET CURRENT ASSETS 367,694 722,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,017,956

2,298,037

CREDITORS
Amounts falling due after more than one
year

8

(495,320

)

(505,995

)

PROVISIONS FOR LIABILITIES 11 (293,849 ) (260,381 )
NET ASSETS 1,228,787 1,531,661

CAPITAL AND RESERVES
Called up share capital 12 6,202 6,202
Retained earnings 13 1,222,585 1,525,459
SHAREHOLDERS' FUNDS 1,228,787 1,531,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

MOTWARD LIMITED (REGISTERED NUMBER: 01305737)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





Mrs D Tolhurst - Director


MOTWARD LIMITED (REGISTERED NUMBER: 01305737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Motward Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales and work done, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Trailers - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 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 the timing difference.

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.

MOTWARD LIMITED (REGISTERED NUMBER: 01305737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Trailers machinery fittings
£    £    £   
COST
At 1 April 2023 516,280 733,119 10,585
Additions - 22,392 -
Disposals - - -
At 31 March 2024 516,280 755,511 10,585
DEPRECIATION
At 1 April 2023 137,877 288,336 4,943
Charge for year 38,677 99,293 717
Eliminated on disposal - - -
At 31 March 2024 176,554 387,629 5,660
NET BOOK VALUE
At 31 March 2024 339,726 367,882 4,925
At 31 March 2023 378,403 444,783 5,642

MOTWARD LIMITED (REGISTERED NUMBER: 01305737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 1,096,754 7,470 2,364,208
Additions 320,040 - 342,432
Disposals (242,258 ) - (242,258 )
At 31 March 2024 1,174,536 7,470 2,464,382
DEPRECIATION
At 1 April 2023 556,850 5,774 993,780
Charge for year 68,499 370 207,556
Eliminated on disposal (182,216 ) - (182,216 )
At 31 March 2024 443,133 6,144 1,019,120
NET BOOK VALUE
At 31 March 2024 731,403 1,326 1,445,262
At 31 March 2023 539,904 1,696 1,370,428

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
Trailers machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 266,440 538,000 - 804,440
Additions - - 303,350 303,350
At 31 March 2024 266,440 538,000 303,350 1,107,790
DEPRECIATION
At 1 April 2023 39,966 181,575 - 221,541
Charge for year 26,644 80,700 - 107,344
At 31 March 2024 66,610 262,275 - 328,885
NET BOOK VALUE
At 31 March 2024 199,830 275,725 303,350 778,905
At 31 March 2023 226,474 356,425 - 582,899

MOTWARD LIMITED (REGISTERED NUMBER: 01305737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 205,000
NET BOOK VALUE
At 31 March 2024 205,000
At 31 March 2023 205,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 309,526 308,092
Other debtors 25,000 -
Rent deposit 24,624 24,624
Corporation tax recoverable 11 10,759
VAT 5,452 -
Prepayments 41,458 36,062
406,071 379,537

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 267,286 178,115
Trade creditors 87,821 166,106
Social security and other taxes 60,910 9,289
VAT - 19,652
Directors' current accounts 1,796 10,285
Loan - Motward Timber Recycling Limited 202 202
Accrued expenses 37,973 45,648
455,988 429,297

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other loans (see note 9) 200,000 200,000
Hire purchase contracts 295,320 305,995
495,320 505,995

MOTWARD LIMITED (REGISTERED NUMBER: 01305737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due between one and two years:
Loan - Mrs D Tolhurst 200,000 200,000

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 562,606 484,110

All assets under hire purchase and finance agreements are secured by the asset concerned.

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 293,849 260,381

Deferred
tax
£   
Balance at 1 April 2023 260,381
Accelerated capital allowances 100,934
Tax losses carried forward (67,466 )
Balance at 31 March 2024 293,849

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
6,102 Ordinary £1 6,102 6,102
100 A non voting ordinary £1 100 100
6,202 6,202

MOTWARD LIMITED (REGISTERED NUMBER: 01305737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

13. RESERVES
Retained
earnings
£   

At 1 April 2023 1,525,459
Deficit for the year (272,874 )
Dividends (30,000 )
At 31 March 2024 1,222,585

14. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs D Tolhurst by virtue of her holding 100% of the issued ordinary share capital of the company.