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Unaudited Financial Statements |
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for the Year Ended 28 February 2017 |
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Movem Ltd. |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 28 February 2017 |
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for |
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Movem Ltd. |
Movem Ltd. (Registered number: 08876118) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2017 |
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Page |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Movem Ltd. |
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Company Information |
for the Year Ended 28 February 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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4 Cedar Park |
Cobham Road |
Ferndown Industrial Estate |
Wimborne |
Dorset |
BH21 7SF |
Movem Ltd. (Registered number: 08876118) |
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Abridged Statement of Financial Position |
28 February 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors |
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Prepayments and accrued income |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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ACCRUALS AND DEFERRED INCOME |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
Movem Ltd. (Registered number: 08876118) |
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Abridged Statement of Financial Position - continued |
28 February 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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Movem Ltd. (Registered number: 08876118) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2017 |
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1. | STATUTORY INFORMATION |
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Movem Ltd. is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Reconciliation statements showing the effect of transition to FRS 102 have not been included in these financial |
statements as there have been no restatements to the figures previously reported upon transition to FRS 102. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Development costs |
Development costs relate to expenditure in relation to the building of the company's website platform. The |
expenditure is not a realised loss. The website platform once fully constructed will form an asset from which |
future revenues will flow to the company and has therefore been capitalised. No amortisation has been charged |
in this year as the website was not fully operational at the year end. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
No deferred tax has been recognised due to the timing differences being less than the available losses. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Movem Ltd. (Registered number: 08876118) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2017 |
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4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 March 2016 |
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Additions |
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At 28 February 2017 |
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NET BOOK VALUE |
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At 28 February 2017 |
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At 29 February 2016 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 March 2016 |
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Additions |
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Disposals | ( |
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At 28 February 2017 |
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DEPRECIATION |
At 1 March 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 29 February 2016 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £0.01 | - | 2,000 |
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A Ordinary | £0.00 | 1 |
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B Investment | £0.00 | 1 |
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2,517 | 2,000 |
Movem Ltd. (Registered number: 08876118) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2017 |
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6. | CALLED UP SHARE CAPITAL - continued |
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The 200,000 ordinary shares of £0.01 each were subdivided on 28th September 2016 into 2,000,000 shares of |
£0.001 each. These were subsequently reclassified as 'A Ordinary' shares. |
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A further 481,276 'A Ordinary' shares were issued on 31 October 2016 at a premium of £0.38547 per share. On |
the same day, the company also issued 35,998 'B Investment' shares with a nominal value of £0.001 each, all at a |
premium of £0.38547 per share. |
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100,000 'A Ordinary' shares remain unpaid and the balance of £100 is included within other debtors. |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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No advances were made to the director, Mr P S Ramsey during the financial year. At the financial year end, a |
balance of £310 (2016 - £506) was owed by the director. The loan is interest free. |