Company Registration No. 12981055 (England and Wales)
Movocast Ltd
Unaudited accounts
for the year ended 31 October 2024
Movocast Ltd
Unaudited accounts
Contents
Movocast Ltd
Company Information
for the year ended 31 October 2024
Company Number
12981055 (England and Wales)
Registered Office
Unit 2B Staplehurst Farm
Church Lane, Weston on the Green
Bicester
Oxfordshire
OX25 3QU
England
Accountants
Link Accounting Limited
Bloxham Mill Business Centre
Barford Road
Bloxham
Oxfordshire
OX15 4FF
Movocast Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
229,799
134,913
Cash at bank and in hand
273,226
46,538
Creditors: amounts falling due within one year
(242,532)
(82,987)
Net current assets
112,826
45,633
Net assets
342,625
180,546
Called up share capital
2
2
Profit and loss account
342,623
180,544
Shareholders' funds
342,625
180,546
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by
J Smith
Director
Company Registration No. 12981055
Movocast Ltd
Notes to the Accounts
for the year ended 31 October 2024
Movocast Ltd is a private company, limited by shares, registered in England and Wales, registration number 12981055. The registered office is Unit 2B Staplehurst Farm, Church Lane, Weston on the Green, Bicester, Oxfordshire, OX25 3QU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors have assessed the use of going concern and have considered possible events or conditions that might cast significant doubt on the ability of the Company to continue as a going concern. The directors have made this assessment for a period of at least one year from the date of the approval of these financial statements. The directors have concluded that there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Company's ability to continue as a going concern. The directors, therefore, continue to adopt the going concern basis in preparing these financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Movocast Ltd
Notes to the Accounts
for the year ended 31 October 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 November 2023
619
11,200
12,500
3,885
166,397
194,601
Additions
3,370
36,260
-
2,249
116,863
158,742
At 31 October 2024
3,989
47,460
12,500
6,134
283,260
353,343
At 1 November 2023
145
1,828
5,208
887
51,620
59,688
Charge for the year
445
5,594
3,125
984
53,708
63,856
At 31 October 2024
590
7,422
8,333
1,871
105,328
123,544
At 31 October 2024
3,399
40,038
4,167
4,263
177,932
229,799
At 31 October 2023
474
9,372
7,292
2,998
114,777
134,913
Amounts falling due within one year
Trade debtors
75,268
82,014
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
102,756
30,955
Taxes and social security
50,155
17,470
Loans from directors
23,664
11,143
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).