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Registered number: 14276689









MOTTO MERCHANT SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
MOTTO MERCHANT SERVICES LIMITED
REGISTERED NUMBER: 14276689

BALANCE SHEET
AS AT 31 MAY 2024

31 May
30 April
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
18,918
-

Cash at bank and in hand
 5 
10,266
1,000

Creditors: amounts falling due within one year
 6 
(8,772)
-

Net current assets
  
 
 
20,412
 
 
1,000

Total assets less current liabilities
  
20,412
1,000

Creditors: amounts falling due after more than one year
 7 
(72,192)
-

  

Net (liabilities)/assets
  
(51,780)
1,000


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
(52,780)
-

  
(51,780)
1,000


Page 1

 
MOTTO MERCHANT SERVICES LIMITED
REGISTERED NUMBER: 14276689
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 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 by: 




S J Griffiths
Director

Date: 25 July 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MOTTO MERCHANT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Motto Merchant Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Albion Place, Maidstone, Kent, United Kingdom, ME14 5EG. The principal activity of the company was the provision of payment solutions.

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

The director has sought assurance from the company's shareholders. They have advised that they will support the company and the balance owed to them will not be repaid until the company becomes profitable. Therefore the accounts have been prepared on a going concern basis.

 
2.3

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 3

 
MOTTO MERCHANT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.


3.


Employees




The average monthly number of employees, including directors, during the period was 1 (2023 - 1).


4.


Debtors

31 May
30 April
2024
2023
£
£


Trade debtors
17,238
-

Other debtors
1,680
-

18,918
-


Page 4

 
MOTTO MERCHANT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.


Cash and cash equivalents

31 May
30 April
2024
2023
£
£

Cash at bank and in hand
10,266
1,000

10,266
1,000



6.


Creditors: Amounts falling due within one year

31 May
30 April
2024
2023
£
£

Trade creditors
1,197
-

Accruals and deferred income
7,575
-

8,772
-



7.


Creditors: Amounts falling due after more than one year

31 May
30 April
2024
2023
£
£

Amounts owed to group undertakings
72,192
-

72,192
-


Amounts owed to group undertakings are secured by way of a fixed and floating charge over all of the property or undertaking of the company.


8.


Share capital

31 May
30 April
2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £0.10 each
1,000
1,000


Page 5

 
MOTTO MERCHANT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

9.


Related party transactions

As at the balance sheet date, included within creditors due after more than one year, is a balance owed to the company's parent company in the sum of £72,192 (2023: £Nil). Interest has been accrued in on this loan of £4,125 (2023: £Nil) and is included within accruals
During the year, included within costs of sales, is £13,921 (2023: £Nil) of costs paid to the company's parent company for marketing services.

 
Page 6