Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30No description of principal activityfalse2023-07-01false6757truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03567586 2023-07-01 2024-06-30 03567586 2022-07-01 2023-06-30 03567586 2024-06-30 03567586 2023-06-30 03567586 2022-07-01 03567586 5 2023-07-01 2024-06-30 03567586 d:Director2 2023-07-01 2024-06-30 03567586 e:Buildings 2023-07-01 2024-06-30 03567586 e:Buildings 2024-06-30 03567586 e:Buildings 2023-06-30 03567586 e:Buildings e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03567586 e:Buildings e:LongLeaseholdAssets 2023-07-01 2024-06-30 03567586 e:Buildings e:LongLeaseholdAssets 2024-06-30 03567586 e:Buildings e:LongLeaseholdAssets 2023-06-30 03567586 e:LandBuildings 2024-06-30 03567586 e:LandBuildings 2023-06-30 03567586 e:PlantMachinery 2023-07-01 2024-06-30 03567586 e:PlantMachinery 2024-06-30 03567586 e:PlantMachinery 2023-06-30 03567586 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03567586 e:MotorVehicles 2023-07-01 2024-06-30 03567586 e:MotorVehicles 2024-06-30 03567586 e:MotorVehicles 2023-06-30 03567586 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03567586 e:FurnitureFittings 2023-07-01 2024-06-30 03567586 e:FurnitureFittings 2024-06-30 03567586 e:FurnitureFittings 2023-06-30 03567586 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03567586 e:ComputerEquipment 2023-07-01 2024-06-30 03567586 e:ComputerEquipment 2024-06-30 03567586 e:ComputerEquipment 2023-06-30 03567586 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03567586 e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03567586 e:Goodwill 2024-06-30 03567586 e:Goodwill 2023-06-30 03567586 e:CurrentFinancialInstruments 2024-06-30 03567586 e:CurrentFinancialInstruments 2023-06-30 03567586 e:Non-currentFinancialInstruments 2024-06-30 03567586 e:Non-currentFinancialInstruments 2023-06-30 03567586 e:CurrentFinancialInstruments e:WithinOneYear 2024-06-30 03567586 e:CurrentFinancialInstruments e:WithinOneYear 2023-06-30 03567586 e:Non-currentFinancialInstruments e:AfterOneYear 2024-06-30 03567586 e:Non-currentFinancialInstruments e:AfterOneYear 2023-06-30 03567586 e:ShareCapital 2023-07-01 2024-06-30 03567586 e:ShareCapital 2024-06-30 03567586 e:ShareCapital 2022-07-01 2023-06-30 03567586 e:ShareCapital 2023-06-30 03567586 e:ShareCapital 2022-07-01 03567586 e:RevaluationReserve 2023-07-01 2024-06-30 03567586 e:RevaluationReserve 2024-06-30 03567586 e:RevaluationReserve 5 2023-07-01 2024-06-30 03567586 e:RevaluationReserve 2022-07-01 2023-06-30 03567586 e:RevaluationReserve 2023-06-30 03567586 e:RevaluationReserve 2022-07-01 03567586 e:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 03567586 e:RetainedEarningsAccumulatedLosses 2024-06-30 03567586 e:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 03567586 e:RetainedEarningsAccumulatedLosses 2023-06-30 03567586 e:RetainedEarningsAccumulatedLosses 2022-07-01 03567586 d:FRS102 2023-07-01 2024-06-30 03567586 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03567586 d:FullAccounts 2023-07-01 2024-06-30 03567586 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03567586 2 2023-07-01 2024-06-30 03567586 5 2023-07-01 2024-06-30 03567586 e:AcceleratedTaxDepreciationDeferredTax 2024-06-30 03567586 e:AcceleratedTaxDepreciationDeferredTax 2023-06-30 03567586 e:TaxLossesCarry-forwardsDeferredTax 2024-06-30 03567586 e:TaxLossesCarry-forwardsDeferredTax 2023-06-30 03567586 e:RetirementBenefitObligationsDeferredTax 2024-06-30 03567586 e:RetirementBenefitObligationsDeferredTax 2023-06-30 03567586 f:PoundSterling 2023-07-01 2024-06-30 03567586 e:RetainedEarningsAccumulatedLosses 5 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 03567586










MOTEST UK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MOTEST UK LIMITED
REGISTERED NUMBER: 03567586

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 6 
1,562,240
1,701,815

  
1,562,240
1,701,815

Current assets
  

Stocks
 7 
32,315
28,162

Debtors: amounts falling due within one year
 8 
237,771
192,420

Cash at bank and in hand
 9 
430,002
296,969

  
700,088
517,551

Creditors: amounts falling due within one year
 10 
(752,830)
(697,675)

Net current liabilities
  
 
 
(52,742)
 
 
(180,124)

Total assets less current liabilities
  
1,509,498
1,521,691

Creditors: amounts falling due after more than one year
 11 
(259,757)
(311,382)

Provisions for liabilities
  

Deferred tax
 12 
(137,817)
(178,889)

  
 
 
(137,817)
 
 
(178,889)

Net assets
  
1,111,924
1,031,420


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Revaluation reserve
  
563,853
708,874

Profit and loss account
  
538,071
312,546

  
1,111,924
1,031,420


Page 1

 
MOTEST UK LIMITED
REGISTERED NUMBER: 03567586
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 March 2025.




Mr J H Ball
Director

The notes on pages 5 to 16 form part of these financial statements.

Page 2

 
MOTEST UK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 July 2023
10,000
708,874
312,546
1,031,420


Comprehensive income for the year

Profit for the year
-
-
227,703
227,703

Deficit on revaluation of freehold property
-
(147,199)
(2,178)
(149,377)
Total comprehensive income for the year
-
(147,199)
225,525
78,326


Contributions by and distributions to owners

Transfer to/from profit and loss account
-
2,178
-
2,178


At 30 June 2024
10,000
563,853
538,071
1,111,924


The notes on pages 5 to 16 form part of these financial statements.

Page 3

 
MOTEST UK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 July 2022
10,000
708,874
269,879
988,753


Comprehensive income for the year

Profit for the year

-
-
42,667
42,667


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
42,667
42,667


Total transactions with owners
-
-
-
-


At 30 June 2023
10,000
708,874
312,546
1,031,420


The notes on pages 5 to 16 form part of these financial statements.

Page 4

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Motest UK Limited (registered number 03567586) is a private company, limited by shares and incorporated in England and Wales. Its registered office is Unit B Central Estate, Albert Road, Aldershot, Hampshire, GU11 1SZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 6

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 7

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold/leasehold property
-
2 - 10% straight line
Plant & machinery
-
20%/10% straight line
Motor vehicles
-
20% straight line
Fixtures & fittings
-
20% straight line
Computer equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 8

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 67 (2023 - 57).


4.


EBITDA

EBITDA is defined as profit before interest , taxation with depreciation and amortisation added back.
The EBITDA for the year ended 30 June 2024 is £330,871 compared to £191,846 an increase  of £139,025. 

Page 9

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
646,269



At 30 June 2024

646,269



Amortisation


At 1 July 2023
646,269



At 30 June 2024

646,269



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 10

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Tangible fixed assets





Freehold and long leasehold property
Leasehold improvements
Plant & machinery
Motor vehicles
Fixtures & fittings

£
£
£
£
£



Cost or valuation


At 1 July 2023
1,570,000
404,561
559,369
99,262
165,197


Additions
-
2,250
60,870
3,016
40,679


Disposals
-
-
(19,636)
(23,790)
-


Revaluations
(210,000)
-
-
-
-



At 30 June 2024

1,360,000
406,811
600,603
78,488
205,876



Depreciation


At 1 July 2023
62,801
328,028
490,628
84,779
142,090


Charge for the year on owned assets
-
25,286
21,911
898
14,525


Disposals
-
-
(3,927)
(9,516)
-


On revalued assets
(62,801)
-
-
-
-



At 30 June 2024

-
353,314
508,612
76,161
156,615



Net book value



At 30 June 2024
1,360,000
53,497
91,991
2,327
49,261



At 30 June 2023
1,507,199
76,533
68,741
14,483
23,107
Page 11

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

           6.Tangible fixed assets (continued)


Computer equipment
Total

£
£



Cost or valuation


At 1 July 2023
118,772
2,917,161


Additions
708
107,523


Disposals
-
(43,426)


Revaluations
-
(210,000)



At 30 June 2024

119,480
2,771,258



Depreciation


At 1 July 2023
107,021
1,215,347


Charge for the year on owned assets
7,295
69,915


Disposals
-
(13,443)


On revalued assets
-
(62,801)



At 30 June 2024

114,316
1,209,018



Net book value



At 30 June 2024
5,164
1,562,240



At 30 June 2023
11,752
1,701,815




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold and long leasehold
1,360,000
1,511,401

Long leasehold
53,498
72,331

1,413,498
1,583,732


Page 12

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Cost or valuation at 30 June 2024 is as follows:

Land and buildings
£


At cost
1,046,423
At valuation:

Open market basis 
720,388



1,766,811

The freehold and long leasehold properties where valued by professional valuers in 2024 on an open market basis.  

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
1,046,423
639,612

Accumulated depreciation
(169,127)
(156,335)

Net book value
877,296
483,277


7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
32,315
28,162

32,315
28,162



8.


Debtors

2024
2023
£
£


Trade debtors
120,713
95,847

Amounts owed by group undertakings
20,103
13,524

Other debtors
25,500
22,501

Prepayments and accrued income
71,455
60,548

237,771
192,420


Page 13

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
430,002
296,969

Less: bank overdrafts
(50,854)
-

379,148
296,969



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
50,854
-

Bank loans
73,556
73,002

Trade creditors
227,002
251,588

Corporation tax
38,349
18,605

Other taxation and social security
180,707
120,440

Obligations under finance lease and hire purchase contracts
32,529
17,016

Other creditors
30,608
89,045

Accruals and deferred income
119,225
127,979

752,830
697,675


Page 14

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
221,448
295,023

Net obligations under finance leases and hire purchase contracts
38,309
16,359

259,757
311,382


Secured loans
The bank holds a debenture in the bank's standard form. Legal charges in the bank's standard form are held over the freehold and leasehold properties as follows:
a) A first legal charge dated 22 June 1998, over freehold land and buildings at 201 Upper College Ride, Camberley, Surrey.
b) A first legal charge dated 22 January 2019, over freehold land and buildings at 7 Weldale Street, Reading, Berkshire. 
c) A first legal charge dated 19 October 1998, over leasehold land and buildings at 126 Bennetts End, Hemel Hempstead, Hertfordshire. 
d) An unlimited debenture dated 19 June 1998 from Motest UK Limited.
e) An all monies guarantee dated 10 April 2008 from Mr J Ball for a specified amount plus interest and other costs as detailed in the guarantee together with such other security as the bank may from time to time hold for the debts and liabilities of Motest UK Limited to the bank.


12.


Deferred taxation




2024
2023


£

£






At beginning of year
(178,889)
(172,985)


Charged to profit or loss
41,072
(5,904)



At end of year
(137,817)
(178,889)

Page 15

 
MOTEST UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
 
12.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(5,327)
8,527

Short term differences
8,398
5,972

Capital gains
(140,888)
(193,388)

(137,817)
(178,889)


13.


Pension commitments

The company operates a defined contribution scheme for the benefit of directors and senior employees as well as a defined contribution scheme for all other eligible employees under auto enrolment legislation. The assets of the scheme are administered by trustees in a fund independent from those of the company.
The total contributions paid in the year amounted to £49,778 (2023 - £39,216). At the balance sheet date the company had pension costs accrued of £10,592 (2023 - £7,386).

 
Page 16