Momentum Business Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07888831 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Momentum Business Associates Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P F Roach

REGISTERED OFFICE:

Unit 6, Cherrytree Farm

Blackmore End Road

Sible Hedingham

HALSTEAD

Essex

CO9 3LZ

REGISTERED NUMBER:

07888831 (England and Wales)

ACCOUNTANTS:

Simpson Accountancy Limited

Unit 6 Cherrytree Farm

Blackmore End Road

Sible Hedingham

Essex

CO9 3LZ

FIXED ASSETS

Tangible assets

4

855

-

CURRENT ASSETS

Debtors

5

2,933

672

Cash at bank

7,052

29,390

9,985

30,062

CREDITORS

Amounts falling due within one year

6

15,746

52,521

NET CURRENT LIABILITIES

(5,761

)

(22,459

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,906

)

(22,459

)

PROVISIONS FOR LIABILITIES

7

162

-

NET LIABILITIES

(5,068

)

(22,459

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(5,168

)

(22,559

)

SHAREHOLDERS' FUNDS

(5,068

)

(22,459

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 March 2019 and were signed by:

P F Roach - Director

1.	STATUTORY INFORMATION

Momentum Business Associates 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 accounts have been prepared on a going concern basis, based on the continued support of the company's

directors and creditors.

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.

Plant and machinery etc

-

33% on cost

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 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

292

Additions

1,282

At 31 December 2018

1,574

DEPRECIATION

At 1 January 2018

292

Charge for year

427

At 31 December 2018

719

NET BOOK VALUE

At 31 December 2018

855

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,933

672

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

(1

)

-

Taxation and social security

1,259

1,208

Other creditors

14,488

51,313

15,746

52,521

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

Accelerated capital allowances

162

-

Deferred

tax

£

Provided during year

162

Balance at 31 December 2018

162

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P F Roach.