Company Registration No. 12249986 (England and Wales)
MOJO MEN LTD
Unaudited accounts
for the year ended 31 October 2023
MOJO MEN LTD
Unaudited accounts
Contents
MOJO MEN LTD
Company Information
for the year ended 31 October 2023
Directors
Angus Barge
Alexander Lamberton Gilbert
Kamran Adle
Maria Alma Palma
Company Number
12249986 (England and Wales)
Registered Office
2nd Floor, 15 Westland Place
London
N1 7NP
ENGLAND
Accountants
Insight Business Services Limited
20-22 Wenlock Road
London
N1 7GU
MOJO MEN LTD
Statement of financial position
as at 31 October 2023
Tangible assets
30,960
28,835
Cash at bank and in hand
736,565
1,636,021
Creditors: amounts falling due within one year
(183,342)
(124,249)
Net current assets
756,592
1,579,525
Net assets
787,552
1,608,360
Called up share capital
150
150
Share premium
3,622,603
3,622,603
Profit and loss account
(2,835,201)
(2,014,393)
Shareholders' funds
787,552
1,608,360
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
Alexander Lamberton Gilbert
Director
Company Registration No. 12249986
MOJO MEN LTD
Notes to the Accounts
for the year ended 31 October 2023
MOJO MEN LTD is a private company, limited by shares, registered in England and Wales, registration number 12249986. The registered office and principal place of business is 2nd Floor, 15 Westland Place, London, N1 7NP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the provisions of FRS102A.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing balance basis
Computer equipment
20% Reducing balance basis
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
The accounts have been prepared on a going concern basis for the year.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
MOJO MEN LTD
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
14,160
26,037
40,197
Additions
8,478
4,137
12,615
Disposals
(83)
(2,667)
(2,750)
At 31 October 2023
22,555
27,507
50,062
At 1 November 2022
3,602
7,760
11,362
Charge for the year
3,791
3,949
7,740
At 31 October 2023
7,393
11,709
19,102
At 31 October 2023
15,162
15,798
30,960
At 31 October 2022
10,558
18,277
28,835
Amounts falling due within one year
Trade debtors
93,406
61,365
Accrued income and prepayments
109,963
6,388
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
81,478
31,649
Taxes and social security
62,294
44,413
Other creditors
22,977
31,816
Loans from directors
-
253
Allotted, called up and fully paid:
14,957,149 Ordinary Shares of £0.00001 each
149.57
149.57
8
Operating lease commitments
2023
2022
At 31 October 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
80,730
MOJO MEN LTD
Notes to the Accounts
for the year ended 31 October 2023
Company has accounted for holiday pay accrual for earned holidays left as at the year end.
10
Average number of employees
During the year the average number of employees was 15 (2022: 12).