REGISTERED NUMBER:
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Motus Parts Ltd |
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Unaudited Financial Statements |
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for the period |
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30 May 2019 to 31 May 2020 |
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REGISTERED NUMBER:
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Motus Parts Ltd |
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Unaudited Financial Statements |
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for the period |
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30 May 2019 to 31 May 2020 |
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Motus Parts Ltd (Registered number: 12024199) |
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Contents of the Financial Statements |
for the period 30 May 2019 to 31 May 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Motus Parts Ltd |
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Company Information |
for the period 30 May 2019 to 31 May 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Aireside House |
Aireside Business Centre |
Royd Ings Avenue |
Keighley |
West Yorkshire |
BD21 4BZ |
Motus Parts Ltd (Registered number: 12024199) |
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Balance Sheet |
31 May 2020 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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. |
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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 director and authorised for issue on
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Motus Parts Ltd (Registered number: 12024199) |
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Notes to the Financial Statements |
for the period 30 May 2019 to 31 May 2020 |
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1. | STATUTORY INFORMATION |
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Motus Parts Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue recognition |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Motus Parts Ltd (Registered number: 12024199) |
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Notes to the Financial Statements - continued |
for the period 30 May 2019 to 31 May 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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All tangible fixed assets are at cost less accumulated depreciation. Cost includes expenditure that is directly |
attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the |
manner intended by management. |
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Assets held under finance lease are depreciated in the same manner as owned assets. |
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Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred. |
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful |
lives, using a mixture of methods. The depreciation bases are as detailed above. |
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if |
appropriate, or if there is an indication of a significant change since the last reporting date. |
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Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are |
credited or charged to the income statement. |
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Impairment of fixed assets |
At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to |
determine whether there is any indication that any items of property, plant and equipment have suffered an |
impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to |
determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount |
of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset |
belongs. |
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If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the |
asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. |
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Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised |
estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss |
been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income |
immediately. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the period 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 balance sheet date. |
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Motus Parts Ltd (Registered number: 12024199) |
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Notes to the Financial Statements - continued |
for the period 30 May 2019 to 31 May 2020 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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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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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
Additions |
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At 31 May 2020 |
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DEPRECIATION |
Charge for period |
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At 31 May 2020 |
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NET BOOK VALUE |
At 31 May 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Prepayments |
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Motus Parts Ltd (Registered number: 12024199) |
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Notes to the Financial Statements - continued |
for the period 30 May 2019 to 31 May 2020 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Tax |
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Social security and other taxes | ( |
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VAT | 61,748 |
Other creditors |
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Directors' current accounts | 18,248 |
Accrued expenses |
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7. | ULTIMATE CONTROLLING PARTY |
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The controlling party is A J Oldham. |