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Company No: 14860287 (England and Wales)

MONEVA GROUP LTD (FORMERLEY MOTUS GROUP N.W LTD)

Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

MONEVA GROUP LTD (FORMERLEY MOTUS GROUP N.W LTD)

Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

MONEVA GROUP LTD (FORMERLEY MOTUS GROUP N.W LTD)

BALANCE SHEET

As at 31 May 2025
MONEVA GROUP LTD (FORMERLEY MOTUS GROUP N.W LTD)

BALANCE SHEET (continued)

As at 31 May 2025
Note 31.05.2025 31.05.2024
£ £
Fixed assets
Tangible assets 3 215,277 44,423
215,277 44,423
Current assets
Stocks 257,750 280,250
Debtors 4 27,043 67,975
Cash at bank and in hand 49,381 49,518
334,174 397,743
Creditors: amounts falling due within one year 5 ( 304,429) ( 332,812)
Net current assets 29,745 64,931
Total assets less current liabilities 245,022 109,354
Net assets 245,022 109,354
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 244,922 109,254
Total shareholders' funds 245,022 109,354

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Moneva Group Ltd (Formerley Motus Group N.W Ltd) (registered number: 14860287) were approved and authorised for issue by the Board of Directors on 11 August 2025. They were signed on its behalf by:

A R Beckett
Director
MONEVA GROUP LTD (FORMERLEY MOTUS GROUP N.W LTD)

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
MONEVA GROUP LTD (FORMERLEY MOTUS GROUP N.W LTD)

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Moneva Group Ltd (Formerley Motus Group N.W Ltd) (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Units 19-21 Kincraig Business Park, Kincraig Road, Bispham, FY2 0PJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The comparative period covers a 13 month period from the date of incorporation on 10 May 2023 to 31 May 2024. The current period is 12 months to 31 May 2025.

Turnover

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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 4 years straight line
Fixtures and fittings 5 years straight line
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

Year ended
31.05.2025
13 month period
to 31.05.2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 June 2024 0 1,195 49,981 676 51,852
Additions 181,310 0 417 3,031 184,758
At 31 May 2025 181,310 1,195 50,398 3,707 236,610
Accumulated depreciation
At 01 June 2024 0 124 7,204 101 7,429
Charge for the financial year 3,022 299 10,045 538 13,904
At 31 May 2025 3,022 423 17,249 639 21,333
Net book value
At 31 May 2025 178,288 772 33,149 3,068 215,277
At 31 May 2024 0 1,071 42,777 575 44,423

4. Debtors

31.05.2025 31.05.2024
£ £
Trade debtors 22,495 31,000
Amounts owed by directors 4,396 36,875
Other debtors 152 100
27,043 67,975

5. Creditors: amounts falling due within one year

31.05.2025 31.05.2024
£ £
Trade creditors 5,732 507
Amounts owed to related parties 179,065 264,849
Accruals 5,174 5,560
Deferred tax liability 8,505 11,106
Taxation and social security 102,627 50,790
Other creditors 3,326 0
304,429 332,812

6. Called-up share capital

31.05.2025 31.05.2024
£ £
Allotted, called-up and fully-paid
70 Ordinary A shares of £ 1.00 each (31.05.2024: nil shares) 70 0
30 Ordinary B shares of £ 1.00 each (31.05.2024: nil shares) 30 0
Nil Ordinary shares (31.05.2024: 100 shares of £ 1.00 each) 0 100
100 100

During the year the company restructured its' share capital. The existing 100 Ordinary shares of £1.00 each were converted into two new classes of ordinary shares. 70 Ordinary A shares and 30 Ordinary B shares of £1.00 each, of which both were issued at par.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

31.05.2025 31.05.2024
£ £
within one year 0 6,000

8. Related party transactions

Transactions with the entity's directors

During the year a director was advanced £23,863 (2024: £33,125) by the company and repaid £52,591 (2024: £nil). Interest has been charged on the loan. At the year end the director owed the company £4,396 (2024: £33,125). The maximum outstanding in the year was £50,448 (2024: £33,125).

During the year a director was advanced £11,487 (2024: £3,750) by the company and repaid £15,237(2024: £nil). No interest was charged on the loan. At the year end the director owed the company £nil (2024: £3,750). The maximum outstanding in the year was £5,550 (2024: £3,750).

Other related party transactions

During the year, the company occupied premises provided by a company with a common director. The premises were made available rent-free for a period of two months. The arrangement is subject to a rolling monthly agreement and does not impose any long-term commitment on either party. No amounts were paid or accrued in respect of rent during the rent-free period.

9. Ultimate controlling party

The overall controlling party is Mr A Beckett who owns 70% of the called up share capital of the company.