Momentum Plus Limited - Accounts to registrar (filleted) - small 17.3

Momentum Plus Limited - Accounts to registrar (filleted) - small 17.3

MOMENTUM PLUS LIMITED - Company Information

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REGISTERED NUMBER: SC182988 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2017

for

Momentum Plus Limited
Momentum Plus Limited (Registered number: SC182988)






Contents of the Financial Statements
for the Year Ended 31 July 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Momentum Plus Limited

Company Information
for the Year Ended 31 July 2017







DIRECTOR: G M Handley





REGISTERED OFFICE: St James Business Centre
Linwood Road
Paisley
Renfrewshire
PA3 3AT





REGISTERED NUMBER: SC182988 (Scotland)





ACCOUNTANTS: GMH Chartered Accountants
St James Business Centre
Linwood Road
Paisley
Renfrewshire
PA3 3AT
Page 1
Momentum Plus Limited (Registered number: SC182988)

Balance Sheet
31 July 2017

31.7.17 31.7.16
Notes £    £    £    £   
FIXED ASSETS
Investments 3 30,000 30,000

CURRENT ASSETS
Debtors 4 - 774
Cash at bank 3,437 509
3,437 1,283
CREDITORS
Amounts falling due within one year 5 940 8,870
NET CURRENT ASSETS/(LIABILITIES) 2,497 (7,587 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,497 22,413

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Capital redemption reserve 5,000 5,000
Retained earnings 22,497 12,413
SHAREHOLDERS' FUNDS 32,497 22,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 12 April 2018 and were signed by:





G M Handley - Director


The notes form part of these financial statements

Page 2
Momentum Plus Limited (Registered number: SC182988)

Notes to the Financial Statements
for the Year Ended 31 July 2017

1. STATUTORY INFORMATION

Momentum Plus Limited is a private company, limited by shares , registered in Scotland. 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 financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2016
and 31 July 2017 30,000
NET BOOK VALUE
At 31 July 2017 30,000
At 31 July 2016 30,000

Page 3 continued...
Momentum Plus Limited (Registered number: SC182988)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2017

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.17 31.7.16
£    £   
Other debtors - 774

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.17 31.7.16
£    £   
Trade creditors - 1,204
Other creditors 940 7,666
940 8,870

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, dividends totalling £10,000.00 were paid with £4,800.00 of this balance being paid to director,
Mr G Handley.

7. RELATED PARTY DISCLOSURES

Momentum Plus Limited owns 99% of Window Management Limited, a company under common control via
director Mr G Handley.

At the year end, the company owed £340.00 to Window Management Limited. At 31st July 2016, Window
Management Limited owed Momentum Plus Limited £6,865.88.
Within the year, Momentum Plus Limited received £20,000.00 dividend payment from Window Management
Limited.

8. FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st
August 2016.

Reconciliation of Equity
No transitional adjustments were required.

Reconciliation of Profit and Loss for the year.
No transitional adjustments were required.


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