Momentum Business Gifts Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04287812

Abbreviated Unaudited Accounts for the Year Ended 31st July 2014

for

Momentum Business Gifts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTOR:

M Stables

SECRETARY:

Mrs L Stables

REGISTERED OFFICE:

The Boat House, First Floor

Park View House

Worrall Street

Congleton

Cheshire

CW12 1DT

REGISTERED NUMBER:

04287812

ACCOUNTANTS:

Hammond McNulty LLP

Bank House

Market Square

Congleton

Cheshire

CW12 1ET

FIXED ASSETS

Tangible assets

2

518,250

527,250

Investments

3

100

100

518,350

527,350

CURRENT ASSETS

Debtors

9

9

Cash at bank and in hand

17

1

26

10

CREDITORS

Amounts falling due within one year

4

147,529

68,007

NET CURRENT LIABILITIES

(147,503

)

(67,997

)

TOTAL ASSETS LESS CURRENT LIABILITIES

370,847

459,353

CREDITORS

Amounts falling due after more than one year

4

-

80,596

NET ASSETS

370,847

378,757

CAPITAL AND RESERVES

Called up share capital

5

120

120

Revaluation reserve

312,000

312,000

Profit and loss account

58,727

66,637

SHAREHOLDERS' FUNDS

370,847

378,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21st April 2015 and were signed by:

M Stables - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost for buildings and not provided on land

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st August 2013

and 31st July 2014

562,500

DEPRECIATION

At 1st August 2013

35,250

Charge for year

9,000

At 31st July 2014

44,250

NET BOOK VALUE

At 31st July 2014

518,250

At 31st July 2013

527,250

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st August 2013

and 31st July 2014

100

NET BOOK VALUE

At 31st July 2014

100

At 31st July 2013

100

4.

CREDITORS

Creditors include an amount of £ 0 (31/7/13 - £ 96,608 ) for which security has been given.

They also include the following debts falling due in more than five years:

31/7/14

31/7/13

£

£

Repayable by instalments

-

16,548

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/14

31/7/13

value:

£

£

120

Ordinary

£1

120

120

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Momentum Business Gifts Limited for the year ended 31st July 2014 which comprise the Profit

and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Momentum Business Gifts Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Momentum Business Gifts Limited and state those matters that we have agreed to state to the director of Momentum Business Gifts Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Momentum Business Gifts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Momentum Business Gifts Limited. You consider that Momentum Business Gifts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Momentum Business Gifts

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hammond McNulty LLP

Bank House

Market Square

Congleton

Cheshire

CW12 1ET

Date: .............................................