Motion Europe Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 03312873 (England and Wales)

Motion Europe Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms N Grossmann

Ms A Nepi

SECRETARY:

Ms A Nepi

REGISTERED OFFICE:

Jhumat House Suite 405, 4th Floor

160 London Road

Barking

IG11 8BB

REGISTERED NUMBER:

03312873 (England and Wales)

ACCOUNTANTS:

Salisbury & Company

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

FIXED ASSETS

Intangible assets

4

42,494

44,264

Tangible assets

5

12,357

12,736

54,851

57,000

CURRENT ASSETS

Debtors

6

355,279

656,603

Cash at bank

1,882,570

1,982,539

2,237,849

2,639,142

CREDITORS

Amounts falling due within one year

7

1,016,871

1,615,007

NET CURRENT ASSETS

1,220,978

1,024,135

TOTAL ASSETS LESS CURRENT LIABILITIES

1,275,829

1,081,135

CREDITORS

Amounts falling due after more than one year

8

(8,729

)

(18,551

)

PROVISIONS FOR LIABILITIES

(3,089

)

(2,648

)

NET ASSETS

1,264,011

1,059,936

CAPITAL AND RESERVES

Called up share capital

31

Revaluation reserve

9

54,675

Capital redemption reserve

69

Retained earnings

1,209,236

1,005,161

1,264,011

1,059,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

Ms A Nepi - Director

1.	STATUTORY INFORMATION

Motion Europe 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of twenty five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2024

and 28 February 2025

54,675

AMORTISATION

At 1 March 2024

10,411

Charge for year

1,770

At 28 February 2025

12,181

NET BOOK VALUE

At 28 February 2025

42,494

At 29 February 2024

44,264

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

30,407

Additions

3,082

At 28 February 2025

33,489

DEPRECIATION

At 1 March 2024

17,671

Charge for year

3,461

At 28 February 2025

21,132

NET BOOK VALUE

At 28 February 2025

12,357

At 29 February 2024

12,736

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

8,012

21,220

Other debtors

347,267

635,383

355,279

656,603

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

9,000

Prepaid Income

822,359

1,377,196

Trade creditors

3,680

64,992

Taxation and social security

107,184

102,041

Other creditors

74,648

61,778

1,016,871

1,615,007

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

8,729

18,551

9.

RESERVES

Revaluation

reserve

£

At 1 March 2024

and 28 February 2025

54,675

10.	RELATED PARTY DISCLOSURES

One of the directors loaned money to the company on an unsecured loan basis repayable on demand. The loan carries an interest rate of 9.39%. During the year interest was paid in relation to the loan totalling £4,788 (2023: £4,788). The amount owing at the beginning of the year was £50,990 with £50,990 owing at the end of the year.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms A Nepi.