Move Technologies Group Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13904894

Move Technologies Group Ltd

Filleted Unaudited Financial Statements

31 March 2025

Move Technologies Group Ltd

Statement of Financial Position

31 March 2025

	31 Mar 25	31 Dec 23
Note	£	£

Fixed assets

Intangible assets	5	15,400	17,600
Tangible assets	6	4,019	1,686
		--------	--------
		19,419	19,286

Current assets

Debtors	7	197,942	225,068
Cash at bank and in hand		8,225	17,710
		---------	---------
		206,167	242,778

Creditors: amounts falling due within one year	8	260,633	247,777
		---------	---------
Net current liabilities		54,466	4,999
		--------	--------
Total assets less current liabilities		( 35,047)	14,287
		--------	--------
Net (liabilities)/assets		( 35,047)	14,287
		--------	--------

Capital and reserves

Called up share capital	1	1
Share premium account	139,999	139,999
Profit and loss account	( 175,047)	( 125,713)
	---------	---------
Shareholders (deficit)/funds	( 35,047)	14,287
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Move Technologies Group Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

A R Rollins
Director

Company registration number: 13904894

Move Technologies Group Ltd

Notes to the Financial Statements

Period from 1 January 2024 to 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Laura Place, Bath, BA2 4BL, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis which relies upon the continuing support of the investors.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 10 (2023: 12 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 March 2025	22,000
	--------
Amortisation
At 1 January 2024	4,400
Charge for the period	2,200
	--------
At 31 March 2025	6,600
	--------
Carrying amount
At 31 March 2025	15,400
	--------
At 31 December 2023	17,600
	--------

6. Tangible assets

	Equipment
	£
Cost
At 1 January 2024	2,997
Additions	3,083
	-------
At 31 March 2025	6,080
	-------
Depreciation
At 1 January 2024	1,311
Charge for the period	750
	-------
At 31 March 2025	2,061
	-------
Carrying amount
At 31 March 2025	4,019
	-------
At 31 December 2023	1,686
	-------

7. Debtors

	31 Mar 25	31 Dec 23
	£	£
Trade debtors	145,101	64,742
Other debtors	52,841	160,326
	---------	---------
	197,942	225,068
	---------	---------

8. Creditors: amounts falling due within one year

	31 Mar 25	31 Dec 23
	£	£
Bank loans and overdrafts	20,980	–
Trade creditors	78,122	59,475
Social security and other taxes	60,905	46,955
Other creditors	–	69,530
Other creditors	100,626	71,817
	---------	---------
	260,633	247,777
	---------	---------

9. Director's advances, credits and guarantees

At the year end the company owed the directors £3,324 (2023: £3,324)