REGISTERED NUMBER: 14656243 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Motiv Hire Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T J O Hughes

REGISTERED OFFICE:

Stoneacre,

Shrewsbury Road

Craven Arms

Shropshire

SY7 8BX

REGISTERED NUMBER:

14656243 (England and Wales)

ACCOUNTANTS:

Morgan Griffiths LLP

Chartered Accountants

Cross Chambers

9 High Street

Newtown

Powys

SY16 2NY

FIXED ASSETS

Tangible assets

4

220,510

169,099

CURRENT ASSETS

Stocks

5,000

-

Debtors

5

68,298

26,789

Cash at bank

7,227

3,308

80,525

30,097

CREDITORS

Amounts falling due within one year

6

219,334

267,458

NET CURRENT LIABILITIES

(138,809

)

(237,361

)

TOTAL ASSETS LESS CURRENT LIABILITIES

81,701

(68,262

)

CREDITORS

Amounts falling due after more than one year

7

211,817

80,958

NET LIABILITIES

(130,116

)

(149,220

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(130,117

)

(149,221

)

(130,116

)

(149,220

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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.

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 director and authorised for issue on 28 August 2026 and were signed by:

T J O Hughes - Director

1.	STATUTORY INFORMATION

Motiv Hire 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.

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.

Plant and machinery etc

-

25% on cost

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.

Going concern

The director acknowledges the net liabilities position at the balance sheet date but is confident the business will trade out of this position and hence the accounts have been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

258,617

Additions

120,925

Disposals

(21,038

)

At 31 August 2025

358,504

DEPRECIATION

At 1 September 2024

89,518

Charge for year

51,298

Eliminated on disposal

(2,822

)

At 31 August 2025

137,994

NET BOOK VALUE

At 31 August 2025

220,510

At 31 August 2024

169,099

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

Plant and

machinery

etc

£

COST

At 1 September 2024

126,618

Additions

63,401

At 31 August 2025

190,019

DEPRECIATION

At 1 September 2024

55,327

Charge for year

25,313

At 31 August 2025

80,640

NET BOOK VALUE

At 31 August 2025

109,379

At 31 August 2024

71,291

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

20,629

19,270

Other debtors

47,669

7,519

68,298

26,789

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

74,023

62,269

Trade creditors

22,260

54,313

Taxation and social security

81,045

57,910

Other creditors

42,006

92,966

219,334

267,458

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

56,240

80,958

Other creditors

155,577

-

211,817

80,958

8.	RELATED PARTY DISCLOSURES

The director has continued to introduce funds to support the business with his loan account in credit to the value of £155,577 at the year end (2024 £85,968).