Momentum Incorporated Ltd - Limited company - abbreviated

REGISTERED NUMBER: 02726857 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2014

for

MOMENTUM INCORPORATED LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Accountants' Report

6

DIRECTORS:

A S Bookman

Ms L D Whittall

SECRETARY:

Ms L D Whittall

REGISTERED OFFICE:

Suite 328

162-168 Regent Street

London

W1B 5TD

REGISTERED NUMBER:

02726857 (England and Wales)

ACCOUNTANTS:

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

FIXED ASSETS

Intangible assets

2

1,001

1,283

Tangible assets

3

22,476

31,555

23,477

32,838

CURRENT ASSETS

Debtors

122,813

87,669

Cash at bank

58,674

79,051

181,487

166,720

CREDITORS

Amounts falling due within one year

115,018

91,690

NET CURRENT ASSETS

66,469

75,030

TOTAL ASSETS LESS CURRENT
LIABILITIES

89,946

107,868

PROVISIONS FOR LIABILITIES

3,910

5,587

NET ASSETS

86,036

102,281

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

85,936

102,181

SHAREHOLDERS' FUNDS

86,036

102,281

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 30th September 2015 and were signed on its behalf
by:

Ms L D Whittall - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the going concern basis of accounting.

Accounting convention

The financial statements 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 of work carried out during the year including amounts not yet invoiced, excluding

value added tax. Income is being recognised according to the stage of completion of work done.

Intangible assets

Intangible assets are being amortised on a straight line basis over a period of ten years, being their estimated

useful life.

Tangible fixed assets

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

Leasehold property improvement

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Deferred tax

Deferred tax is provided on the liability method to take account of timing differences between the treatment of

certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect

of all material timing differences. The company has not adopted a policy of discounting deferred tax assets and

liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

and 31st December 2014

2,820

AMORTISATION

At 1st January 2014

1,537

Amortisation for year

282

At 31st December 2014

1,819

NET BOOK VALUE

At 31st December 2014

1,001

At 31st December 2013

1,283

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

111,956

Additions

2,519

Disposals

(58,605

)

At 31st December 2014

55,870

DEPRECIATION

At 1st January 2014

80,401

Charge for year

5,920

Eliminated on disposal

(52,927

)

At 31st December 2014

33,394

NET BOOK VALUE

At 31st December 2014

22,476

At 31st December 2013

31,555

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/14

31/12/13

value:

£

100

Ordinary

£1

100

5.	ULTIMATE CONTROLLING PARTY

A S Bookman has ultimate control as the sole shareholder.

The following reproduces the text of the report prepared for the directors 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 Incorporated Ltd for the year ended 31st December 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 Board of Directors of Momentum Incorporated Ltd, as a body, in accordance with the terms of our engagement letter dated 31st March 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Momentum Incorporated Ltd and state those matters that we have agreed to state to the Board of Directors of Momentum Incorporated Ltd, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Momentum Incorporated Ltd 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 profit of Momentum Incorporated Ltd. You consider that Momentum Incorporated Ltd 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 Incorporated Ltd.

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.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

30th September 2015

Momentum Incorporated Ltd - Limited company - abbreviated - 11.6

Momentum Incorporated Ltd - Limited company - abbreviated - 11.6