Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falsefalsetrue2023-02-01Other transportation support activities116false 11783495 2023-02-01 2024-06-30 11783495 2022-02-01 2023-01-31 11783495 2024-06-30 11783495 2023-01-31 11783495 c:Director1 2023-02-01 2024-06-30 11783495 d:MotorVehicles 2023-02-01 2024-06-30 11783495 d:MotorVehicles 2024-06-30 11783495 d:MotorVehicles 2023-01-31 11783495 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-06-30 11783495 d:FurnitureFittings 2023-02-01 2024-06-30 11783495 d:FurnitureFittings 2024-06-30 11783495 d:FurnitureFittings 2023-01-31 11783495 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-06-30 11783495 d:OfficeEquipment 2023-02-01 2024-06-30 11783495 d:OfficeEquipment 2024-06-30 11783495 d:OfficeEquipment 2023-01-31 11783495 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-06-30 11783495 d:OwnedOrFreeholdAssets 2023-02-01 2024-06-30 11783495 d:Goodwill 2023-02-01 2024-06-30 11783495 d:Goodwill 2024-06-30 11783495 d:Goodwill 2023-01-31 11783495 d:ComputerSoftware 2024-06-30 11783495 d:ComputerSoftware 2023-01-31 11783495 d:OtherResidualIntangibleAssets 2023-02-01 2024-06-30 11783495 d:CurrentFinancialInstruments 2024-06-30 11783495 d:CurrentFinancialInstruments 2023-01-31 11783495 d:Non-currentFinancialInstruments 2024-06-30 11783495 d:Non-currentFinancialInstruments 2023-01-31 11783495 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11783495 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11783495 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 11783495 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 11783495 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 11783495 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 11783495 d:ShareCapital 2024-06-30 11783495 d:ShareCapital 2023-01-31 11783495 d:RetainedEarningsAccumulatedLosses 2024-06-30 11783495 d:RetainedEarningsAccumulatedLosses 2023-01-31 11783495 c:FRS102 2023-02-01 2024-06-30 11783495 c:Audited 2023-02-01 2024-06-30 11783495 c:FullAccounts 2023-02-01 2024-06-30 11783495 c:PrivateLimitedCompanyLtd 2023-02-01 2024-06-30 11783495 c:SmallCompaniesRegimeForAccounts 2023-02-01 2024-06-30 11783495 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-02-01 2024-06-30 11783495 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-02-01 2024-06-30 11783495 4 2023-02-01 2024-06-30 11783495 d:ExternallyAcquiredIntangibleAssets 2023-02-01 2024-06-30 11783495 d:Goodwill d:OwnedIntangibleAssets 2023-02-01 2024-06-30 11783495 d:ComputerSoftware d:OwnedIntangibleAssets 2023-02-01 2024-06-30 11783495 e:PoundSterling 2023-02-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 11783495










MOTIS FREEFLOW LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
MOTIS FREEFLOW LTD
REGISTERED NUMBER: 11783495

BALANCE SHEET
AS AT 30 JUNE 2024

30 June
31 January
2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
533,359
882,450

Tangible assets
 6 
8,093
1,912

  
541,452
884,362

Current assets
  

Debtors: amounts falling due within one year
 7 
211,780
69,404

Cash at bank and in hand
 8 
18,546
2,697

  
230,326
72,101

Creditors: amounts falling due within one year
 9 
(646,916)
(508,217)

Net current liabilities
  
 
 
(416,590)
 
 
(436,116)

Total assets less current liabilities
  
124,862
448,246

Creditors: amounts falling due after more than one year
 10 
-
(124,269)

  

Net assets
  
124,862
323,977


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
124,762
323,877

  
124,862
323,977


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 comprehensive income 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 9 April 2025.




Mr Philip John Skingle
Director

The notes on pages 2 to 13 form part of these financial statements.

Page 1

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Motis Freeflow Limited is a private company limited by shares incorporated in England. The registered office is Motis Business Centre, Cheriton High Street, Folkestone, Kent, United Kingdom, CT19 4QJ.

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

Going concern

During the period, the company made a loss of £199,115 (2023: profit of £211,265) and has net current liabilities of £416,590 (2023: £436,116). At the time of approving the financial statements, the company retains the support of group companies and as a result the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

Borrowing costs

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

Page 3

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 4

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other 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.

 The estimated useful lives range as follows:

Goodwill
-
4
years
Other intangible fixed assets
-
4
years

 
2.12

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.

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:

Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
25%
Straight line
Office 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.

 
2.13

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 5

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 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

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 
Page 6

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)


Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 7

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Useful economic lives of intangible assets
The annual amortisation of goodwill and intangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. The company has considered a 4 year useful life to be accurate when amortising goodwill and intangible assets.
Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. 


4.


Employees

The average monthly number of employees, including directors, during the period was 11 (2023 - 6).

Page 8

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

5.


Intangible assets






Computer software
Goodwill
Total

£
£
£



Cost


At 1 February 2023
-
999,000
999,000


Additions
5,649
-
5,649



At 30 June 2024

5,649
999,000
1,004,649



Amortisation


At 1 February 2023
-
116,550
116,550


Charge for the period on owned assets
927
353,813
354,740



At 30 June 2024

927
470,363
471,290



Net book value



At 30 June 2024
4,722
528,637
533,359



At 31 January 2023
-
882,450
882,450



Page 9

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

6.


Tangible fixed assets







Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
-
2,105
1,000
3,105


Additions
8,000
-
890
8,890



At 30 June 2024

8,000
2,105
1,890
11,995



Depreciation


At 1 February 2023
-
526
667
1,193


Charge for the period on owned assets
1,167
994
548
2,709



At 30 June 2024

1,167
1,520
1,215
3,902



Net book value



At 30 June 2024
6,833
585
675
8,093



At 31 January 2023
-
1,579
333
1,912


7.


Debtors

30 June
31 January
2024
2023
£
£


Trade debtors
152,421
62,349

Amounts owed by group undertakings
2,452
-

Other debtors
41,757
7,055

Prepayments and accrued income
1,057
-

Tax recoverable
14,093
-

211,780
69,404


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
Included in other debtors is an amount owed by the director amounting to £41,757 (2023: owed to the director £42,780) .

Page 10

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

8.


Cash and cash equivalents

30 June
31 January
2024
2023
£
£

Cash at bank and in hand
18,546
2,697

18,546
2,697



9.


Creditors: Amounts falling due within one year

30 June
31 January
2024
2023
£
£

Bank loans
-
10,044

Trade Creditors
43,864
26,060

Amounts owed to group undertakings
309,400
-

Amounts owed to related parties
160,192
239,993

Corporation tax
51,200
94,812

Other taxation and social security
69,678
90,728

Other creditors
-
42,780

Accruals and deferred income
12,582
3,800

646,916
508,217


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.


10.


Creditors: Amounts falling due after more than one year

30 June
31 January
2024
2023
£
£

Bank loans
-
24,269

Amounts owed to related parties
-
100,000

-
124,269


Page 11

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

11.


Loans


Analysis of the maturity of loans is given below:


30 June
31 January
2024
2023
£
£

Amounts falling due within one year

Bank loans
-
10,044


-
10,044

Amounts falling due 1-2 years

Bank loans
-
24,269


-
24,269



-
34,313



12.


Related party transactions

The company has availed of the FRS102 exemption to disclose related party transactions between 100% group owned companies.
Transactions with Directors
Dividends paid to the directors in the year total £Nil (2023: £Nil). 
There is a balance owing to the company from the director of £41,757 (2023: owed to the director £42,780). This includes advancements of £41,757 and payments back to the director of £42,580.


13.


Controlling party

On the 31st October 2023, Motis Group Limited acquired 100% of the shareholding of Motis Freeflow Limited (previously called Dover Clearance Services Limited).
Motis Freeflow Limited is a 100% subsidiary of Motis Group Limited, a company incorporated in Northern Ireland.
The smallest and largest group to consolidate these financial statements is Motis Group Limited. Copies of Motis Group Limited's consolidated financial statements can be obtained from the company's registered office at 9 Downshire Place, Newry, Co. Down.
The ultimate controlling parties are Patrick Hutley and David McComb by virtue of their shareholding in Motis Group Limited.
Before the 31st October, the company was owned entirely by the director of the company, Mr P Skingle. There was no ultimate controlling party.

Page 12

 
MOTIS FREEFLOW LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

14.


Auditors' information

The auditors' report on the financial statements for the period ended 30 June 2024 was unqualified.

The audit report was signed on 9 April 2025 by Teresa Campbell (Senior statutory auditor) on behalf of AAB Group Accountants Limited.


Page 13