MoveATech Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 16094072

MoveATech Limited

Filleted Unaudited Financial Statements

31 March 2026

MoveATech Limited

Statement of Financial Position

31 March 2026

	31 Mar 26
Note	£

Fixed assets

Intangible assets	5	2,533
Tangible assets	6	5,261
		-------
		7,794

Current assets

Debtors	7	915,434
Cash at bank and in hand		227,838
		------------
		1,143,272

Creditors: amounts falling due within one year	8	1,283,592
		------------
Net current liabilities		140,320
		---------
Total assets less current liabilities		( 132,526)

Provisions	( 1,174)
	---------
Net liabilities	( 131,352)
	---------

Capital and reserves

Called up share capital	9	100
Profit and loss account		( 131,452)
		---------
Shareholder deficit		( 131,352)
		---------

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 comprehensive income has not been delivered.

For the period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MoveATech Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 20 August 2026 , and are signed on behalf of the board by:

M Collingwood

Director

Company registration number: 16094072

MoveATech Limited

Notes to the Financial Statements

Period from 21 November 2024 to 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camomile House, 6 Embassy Drive, Edgbaston, Birmingham, B15 1TP.

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.

Revenue recognition

Turnover represents amounts receivable from clients for recruitment and contractor services provided during the period, excluding VAT. The company acts as principal in supplying contractor services and therefore recognises revenue on a gross basis. Contractor remuneration and related employment costs are recognised within cost of sales as incurred. Revenue is recognised as services are provided to clients and when it is probable that the associated economic benefits will flow to the company and the amount can be measured reliably. Income invoiced in advance of services being provided is recognised as deferred income until the related services have been performed.

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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

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:

	Website Costs	-	33 % 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

	Office equipment	-	33 % straight line

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 5 .

5. Intangible assets

	Website costs
	£
Cost
Additions	4,560
	-------
At 31 March 2026	4,560
	-------
Amortisation
Charge for the period	2,027
	-------
At 31 March 2026	2,027
	-------
Carrying amount
At 31 March 2026	2,533
	-------

6. Tangible assets

	Office equipment
	£
Cost
At 21 November 2024	–
Additions	7,866
	-------
At 31 March 2026	7,866
	-------
Depreciation
At 21 November 2024	–
Charge for the period	2,605
	-------
At 31 March 2026	2,605
	-------
Carrying amount
At 31 March 2026	5,261
	-------

7. Debtors

	31 Mar 26
	£
Trade debtors	246,107
Amounts owed by group undertakings	1,059
Prepayments and accrued income	115,089
Directors loan account	97,500
S455 Tax receivable	32,906
Amounts receivable from factoring company	408,488
Other debtors	14,285
	---------
	915,434
	---------

8. Creditors: amounts falling due within one year

	31 Mar 26
	£
Trade creditors	22,848
Amounts owed to group undertakings	1,035,493
Accruals and deferred income	186,138
Corporation tax	32,906
Social security and other taxes	5,080
Other creditors	1,127
	------------
	1,283,592
	------------

9. Called up share capital

Issued, called up and fully paid

	31 Mar 26
	No.	£
Ordinary shares of £ 1 each	100	100
	----	----

10. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	31 Mar 26
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
B Stephens	–	97,500	97,500
	----	--------	--------

The amounts owed by B Stephens are interest free and repayable on demand.

11. Related party transactions

The company has taken advantage of the exemption contained within FRS 102 paragraph 33.1A and has therefore not disclosed transactions or balances with other wholly-owned members of the group. VIQU Energy Limited During the period, the company was recharged costs totalling £16,071 from VIQU Energy Limited, a conpany which is 97% owned with the group. There were no balances outstanding between each entity at the year end reporting date.

12. Controlling party

The immediate and ultimate parent company is VIQU Limited, a company registered in England & Wales. The registered office of VIQU Limited is Camomile House, 6 Embassy Drive, Edgbaston, Birmingham B15 1TP. The ultimate controlling party is M Collingwood by virtue of his shareholding in the ultimate parent company.