MOMOCO LIMITED

2023-01-012023-12-312023-12-31false05652941MOMOCO 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MOMOCO LIMITED

Registered Number
05652941
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

MOMOCO LIMITED

Company Information
for the year from 1 January 2023 to 31 December 2023


Directors	N Benns
	M Kato


Company Secretary	AURIA ACCOUNTANCY LIMITED


Registered Address	C/O Auria
	48 Warwick Street
	London
	W1B 5AW


Registered Number	05652941 (England and Wales)

MOMOCO LIMITED

Balance Sheet as at
31 December 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	3		3,391		6,249
			3,391		6,249
Current assets
Debtors	4	193,617		241,874
Cash at bank and on hand		155,954		200,415
		349,571		442,289
Creditors amounts falling due within one year	5	(95,510)		(185,284)
Net current assets (liabilities)			254,061		257,005
Total assets less current liabilities			257,452		263,254
Provisions for liabilities	6		(644)		-
Net assets			256,808		263,254
Capital and reserves
Called up share capital			100		100
Profit and loss account			256,708		263,154
Shareholders' funds			256,808		263,254

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 12 June 2024, and are signed on its behalf by:

N Benns
Director
Registered Company No. 05652941

MOMOCO LIMITED

Notes to the Financial Statements
for the year ended 31 December 2023

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	4

2.	Average number of employees


		2023		2022
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 23	21,939	21,939
Additions	1,407	1,407
At 31 December 23	23,346	23,346
Depreciation and impairment
At 01 January 23	15,690	15,690
Charge for year	4,265	4,265
At 31 December 23	19,955	19,955
Net book value
At 31 December 23	3,391	3,391
At 31 December 22	6,249	6,249

4.	Debtors: amounts due within one year

	2023	2022
	£	£
Trade debtors / trade receivables	-	57,635
Other debtors	177,110	177,110
Prepayments and accrued income	16,507	7,129
Total	193,617	241,874

5.	Creditors: amounts due within one year

	2023	2022
	£	£
Trade creditors / trade payables	298	1,853
Taxation and social security	33,937	93,714
Other creditors	61,275	89,717
Total	95,510	185,284


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Provisions for liabilities

	2023	2022
	£	£
Net deferred tax liability (asset)	644	-
Total	644	-