THE MOTORISTS ORGANISATION LIMITED
|
Registered number: |
08339147
|
Abbreviated Balance Sheet |
as at 31 December 2014
|
|
Notes |
|
|
2014 |
|
|
2013 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
318,473 |
|
|
145,157 |
Investments |
3 |
|
|
101 |
|
|
- |
|
|
|
|
318,574 |
|
|
145,157 |
|
Current assets |
Debtors |
|
|
23,483 |
|
|
8,825 |
Cash at bank and in hand |
|
|
105,509 |
|
|
6,588 |
|
|
|
128,992 |
|
|
15,413 |
|
Creditors: amounts falling due within one year |
|
|
(45,769) |
|
|
(28,059) |
|
Net current assets/(liabilities) |
|
|
|
83,223 |
|
|
(12,646) |
|
Total assets less current liabilities |
|
|
|
401,797 |
|
|
132,511 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(422,434) |
|
|
(152,244) |
|
|
|
Net liabilities |
|
|
|
(20,637) |
|
|
(19,733) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
215 |
|
|
205 |
Share premium |
|
|
|
139,977 |
|
|
- |
Profit and loss account |
|
|
|
(160,829) |
|
|
(19,938) |
|
Shareholders' funds |
|
|
|
(20,637) |
|
|
(19,733) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
D Rotberg |
Director |
Approved by the board on 24 September 2015
|
|
THE MOTORISTS ORGANISATION LIMITED
|
Notes to the Abbreviated Accounts |
for the year ended 31 December 2014
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
The company is developing a website based service for motorists and the development is expected to be fully operational by February 2015. The costs to date have been capitalised and on completion the directors will amortise the costs over its estimated useful economic life. No amortisation has been charged during the development period. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% to 33% straight line
|
|
Website |
To be determined
|
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost including website development |
|
At 1 January 2014 |
145,553 |
|
Additions |
174,149 |
|
At 31 December 2014 |
319,702 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2014 |
396 |
|
Charge for the year |
833 |
|
At 31 December 2014 |
1,229 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2014 |
318,473 |
|
At 31 December 2013 |
145,157 |
|
|
|
|
|
|
|
|
3 |
Investments |
£ |
|
|
Cost |
|
Additions |
101 |
|
|
At 31 December 2014 |
101 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Toot Compare limited |
Ordinary |
100 |
|
- |
|
- |
|
R G Compare Limited |
Ordinary |
100 |
|
- |
|
- |
|
4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
1p each |
|
19,951 |
|
200 |
|
190 |
|
A Ordinary shares
|
1p each |
|
1,500 |
|
15 |
|
15 |
|
|
|
|
|
|
215 |
|
205 |
|
|
|
|
|
|
|
|
|
Nominal |
Number |
Amount |
value |
£ |
|
Shares issued during the period: |
|
Ordinary shares
|
1p each |
|
951 |
|
10 |
|
|
|
|
|
|
|