REGISTERED NUMBER: 08370757 (England and Wales)

MOVONIX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Priestnall

REGISTERED OFFICE:

8 Church Green East

Redditch

Worcestershire

B98 8BP

REGISTERED NUMBER:

08370757 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Intangible assets

4

1,689

2,007

Tangible assets

5

667

1,048

2,356

3,055

CURRENT ASSETS

Stocks

58,802

49,618

Debtors

6

4,602

2,820

Cash at bank and in hand

1,224

290

64,628

52,728

CREDITORS

Amounts falling due within one year

7

61,736

50,969

NET CURRENT ASSETS

2,892

1,759

TOTAL ASSETS LESS CURRENT LIABILITIES

5,248

4,814

CREDITORS

Amounts falling due after more than one year

8

5,186

6,742

NET ASSETS/(LIABILITIES)

62

(1,928

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

61

(1,929

)

SHAREHOLDERS' FUNDS

62

(1,928

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 29 October 2026 and were signed by:

S J Priestnall - Director

1.	STATUTORY INFORMATION

Movonix 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.

The financial statements have been prepared on a going concern basis in anticipated continued support from the company shareholder.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Patents

All costs directly associated with applications for patents have been capitalised. Such costs are written off over two years unless an income stream has been established within that period which is directly attributable to the costs incurred.This policy applies only in respect of costs for patents which are granted. Any costs which have been capitalised relating to patent applications which are not subsequently granted are written off in full as soon as it is known that the application has been refused.

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

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2025

27,587

Additions

2,229

At 31 January 2026

29,816

AMORTISATION

At 1 February 2025

25,580

Charge for year

2,547

At 31 January 2026

28,127

NET BOOK VALUE

At 31 January 2026

1,689

At 31 January 2025

2,007

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

and 31 January 2026

1,907

DEPRECIATION

At 1 February 2025

859

Charge for year

381

At 31 January 2026

1,240

NET BOOK VALUE

At 31 January 2026

667

At 31 January 2025

1,048

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

4,200

-

Other debtors

402

2,820

4,602

2,820

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

1,556

1,556

Amount owed to associated company

44,491

35,641

Taxation and social security

12,289

10,269

Other creditors

3,400

3,503

61,736

50,969

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

5,186

6,742

Amounts falling due in more than five years:

Repayable by instalments

Bank loan - > 5 years

-

519

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

S J Priestnall

Balance outstanding at start of year

(203

)

1,522

Amounts advanced

604

-

Amounts repaid

-

(1,725

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

401

(203

)