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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
Page
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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
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MOJO MEN LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,960 
28,835 
Current assets
Debtors
203,369 
67,753 
Cash at bank and in hand
736,565 
1,636,021 
939,934 
1,703,774 
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 
Capital and reserves
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
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MOJO MEN LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the provisions of FRS102A.
Presentation currency
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
Pension costs
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
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.
Going concern
The accounts have been prepared on a going concern basis for the year.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
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.
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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 
Depreciation
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 
Net book value
At 31 October 2023
15,162 
15,798 
30,960 
At 31 October 2022
10,558 
18,277 
28,835 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
93,406 
61,365 
Accrued income and prepayments
109,963 
6,388 
203,369 
67,753 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
16,593 
16,118 
Trade creditors
81,478 
31,649 
Taxes and social security
62,294 
44,413 
Other creditors
22,977 
31,816 
Loans from directors
- 
253 
183,342 
124,249 
7
Share capital
2023 
2022 
£ 
£ 
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 
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MOJO MEN LTD Notes to the Accounts for the year ended 31 October 2023
9
Contingent liabilities
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).
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