REGISTERED NUMBER: 01305737 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Motward Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D Tolhurst

A Armiger

SECRETARY:

Mrs D Tolhurst

REGISTERED OFFICE:

Units 3A-3B

Airfield Industrial Estate

Warboys

Huntingdon

Cambridgeshire

PE28 2SH

REGISTERED NUMBER:

01305737 (England and Wales)

ACCOUNTANTS:

Kearney & Associates Limited

14 Harvey Road

Bedford

Bedfordshire

MK41 9LF

FIXED ASSETS

Tangible assets

4

1,141,993

1,445,262

Investments

5

-

205,000

1,141,993

1,650,262

CURRENT ASSETS

Stocks

88,978

117,354

Debtors

6

314,878

406,071

Cash at bank and in hand

152,975

300,257

556,831

823,682

CREDITORS

Amounts falling due within one year

7

392,456

455,988

NET CURRENT ASSETS

164,375

367,694

TOTAL ASSETS LESS CURRENT LIABILITIES

1,306,368

2,017,956

CREDITORS

Amounts falling due after more than one year

8

(263,316

)

(495,320

)

PROVISIONS FOR LIABILITIES

(220,238

)

(293,849

)

NET ASSETS

822,814

1,228,787

CAPITAL AND RESERVES

Called up share capital

11

6,202

6,202

Retained earnings

816,612

1,222,585

SHAREHOLDERS' FUNDS

822,814

1,228,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 29 December 2025 and were signed on its behalf by:

A Armiger - Director

1.	STATUTORY INFORMATION

Motward Limited 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.

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.

Trailers

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in subsidiaries

During the year the directors considered it was appropriate to provide for impairment of the investment in the group subsidiary on the basis this was unlikely to be recovered.

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 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Trailers

machinery

fittings

£

£

£

COST

At 1 April 2024

516,280

755,511

10,585

Additions

-

889

-

Disposals

(4,000

)

-

-

At 31 March 2025

512,280

756,400

10,585

DEPRECIATION

At 1 April 2024

176,554

387,629

5,660

Charge for year

40,446

55,283

493

Eliminated on disposal

(2,119

)

-

-

At 31 March 2025

214,881

442,912

6,153

NET BOOK VALUE

At 31 March 2025

297,399

313,488

4,432

At 31 March 2024

339,726

367,882

4,925

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

1,174,536

7,470

2,464,382

Additions

-

-

889

Disposals

(236,545

)

-

(240,545

)

At 31 March 2025

937,991

7,470

2,224,726

DEPRECIATION

At 1 April 2024

443,133

6,144

1,019,120

Charge for year

175,206

266

271,694

Eliminated on disposal

(205,962

)

-

(208,081

)

At 31 March 2025

412,377

6,410

1,082,733

NET BOOK VALUE

At 31 March 2025

525,614

1,060

1,141,993

At 31 March 2024

731,403

1,326

1,445,262

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

Plant and

Motor

Trailers

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

266,440

538,000

303,350

1,107,790

DEPRECIATION

At 1 April 2024

66,610

262,275

-

328,885

Charge for year

26,644

41,359

75,838

143,841

At 31 March 2025

93,254

303,634

75,838

472,726

NET BOOK VALUE

At 31 March 2025

173,186

234,366

227,512

635,064

At 31 March 2024

199,830

275,725

303,350

778,905

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

205,000

Provision for impairment loss

(205,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

205,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

250,032

309,526

Other debtors

2,500

25,000

Rent deposit

24,624

24,624

Corporation tax recoverable

-

11

VAT

-

5,452

Prepayments

37,722

41,458

314,878

406,071

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

205,342

267,286

Trade creditors

73,408

87,821

Social security and other taxes

17,390

60,910

VAT

58,867

-

Directors' current accounts

10,617

1,796

Loan - Motward Timber Recycling Limited

203

202

Accrued expenses

26,629

37,973

392,456

455,988

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans (see note 9)

180,000

200,000

Hire purchase contracts

83,316

295,320

263,316

495,320

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due between one and two years:

Loan - Mrs D Tolhurst

180,000

200,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

288,739

562,606

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

6,102

Ordinary

£1

6,102

6,102

100

A non voting ordinary

£1

100

100

6,202

6,202