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REGISTERED NUMBER: 02918162 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Motiv Trailer Manufacturing Ltd

Motiv Trailer Manufacturing Ltd (Registered number: 02918162)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Motiv Trailer Manufacturing Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: T J O Hughes





REGISTERED OFFICE: Stoneacre
Shrewsbury Road
Craven Arms
Shropshire
SY7 8BX





REGISTERED NUMBER: 02918162 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Motiv Trailer Manufacturing Ltd (Registered number: 02918162)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,710 42,892

CURRENT ASSETS
Stocks 229,898 -
Debtors 5 55,153 136,609
Cash at bank and in hand 11,699 50
296,750 136,659
CREDITORS
Amounts falling due within one year 6 273,712 97,281
NET CURRENT ASSETS 23,038 39,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,748

82,270

CREDITORS
Amounts falling due after more than one
year

7

(50,224

)

(38,476

)

PROVISIONS FOR LIABILITIES (542 ) (542 )
NET ASSETS 5,982 43,252

CAPITAL AND RESERVES
Called up share capital 1,333 1,333
Retained earnings 4,649 41,919
SHAREHOLDERS' FUNDS 5,982 43,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Motiv Trailer Manufacturing Ltd (Registered number: 02918162)

Balance Sheet - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2025 and were signed by:





T J O Hughes - Director


Motiv Trailer Manufacturing Ltd (Registered number: 02918162)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Motiv Trailer Manufacturing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 5% on reducing balance
Plant and machinery etc - 33% on cost, 25% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Motiv Trailer Manufacturing Ltd (Registered number: 02918162)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 112,579 151,512 264,091
Additions - 3,290 3,290
Disposals - (11,857 ) (11,857 )
At 31 August 2024 112,579 142,945 255,524
DEPRECIATION
At 1 September 2023 75,081 146,118 221,199
Charge for year 3,788 6,955 10,743
Eliminated on disposal - (10,128 ) (10,128 )
At 31 August 2024 78,869 142,945 221,814
NET BOOK VALUE
At 31 August 2024 33,710 - 33,710
At 31 August 2023 37,498 5,394 42,892

Motiv Trailer Manufacturing Ltd (Registered number: 02918162)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 35,500
Disposals (11,857 )
At 31 August 2024 23,643
DEPRECIATION
At 1 September 2023 35,500
Eliminated on disposal (10,128 )
Transfer to ownership 1,729
At 31 August 2024 27,101
NET BOOK VALUE
At 31 August 2024 (3,458 )
At 31 August 2023 -

5. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors 24,050 19,714
Other debtors 18,750 4,328
42,800 24,042

Amounts falling due after more than one year:
Other debtors 12,353 112,567

Aggregate amounts 55,153 136,609

Motiv Trailer Manufacturing Ltd (Registered number: 02918162)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,704 25,558
Trade creditors 71,273 2,165
Taxation and social security 108,328 52,907
Other creditors 83,407 16,651
273,712 97,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 50,224 38,476

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,408 18,476

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank overdrafts 10,704 20,558

Lloyds Tsb Bank PLC have fixed and floating charges against the assets of the company in relation to the overdraft facility provided.