SUBMITTED
Company Information | |
Report of the Directors | |
Profit and Loss Account | |
Balance sheet | |
Notes to the Financial Statements |
Director: |
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Registered office: |
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Berkshire | ||
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GBR | ||
Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 30th December 2009
Principal activities
The principal activity of the company in the period under review was:
Directors
The directors shown below have held office during the whole of the period from
01st January 2009 to 30th December 2009
B M Morgan
J Wright
B M Morgan
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name: B M Morgan
Status: Director
for the Period Ended 30th December 2009
Notes | 2009 £ |
2008 £ |
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Turnover: |
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Cost of sales: |
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Gross profit or (loss): |
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Administrative expenses: | , |
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Operating profit or (loss): | 2 |
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Interest receivable and similar income: | - |
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Interest payable and similar charges: |
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- | |
Profit or (loss) on ordinary activities before taxation: |
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Tax on profit or loss on ordinary activities: | 3 |
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Profit or (loss) for the financial year: |
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The notes form part of these financial statements
Notes | 2009 £ |
2008 £ |
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Fixed assets | |||
Intangible assets: | - |
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Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 6 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 7 |
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Provision for liabilities: | 8 |
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Total net assets (liabilities): |
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The notes form part of these financial statements
Notes | 2009 £ |
2008 £ |
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Capital and reserves | |||
Called up share capital: | 9 |
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Profit and Loss account: | 10 |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: B M Morgan
Status: Director
The notes form part of these financial statements
Basis of measurement and preparation of accounts
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
Deferred taxation Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. Leasing and hire purchase commitments "Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.Rentals paid under operating leases are charged to income on a straight line basis over the lease term."
Profit before tax as stated after charging the following.
2009 | 2008 | |
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£ | £ | |
Depreciation - owned assets: |
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Depreciation - assets on hire purchase contract: |
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- |
2009 | 2008 | |
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£ | £ | |
UK Corporation Tax: |
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Deferred Tax: |
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- |
Tax on profit or (loss) on ordinary activities: |
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Profit or (loss) on ordinary activities before taxation: |
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Profit or (loss) on ordinary activities before taxation multiplied by the standard rate of Corporation Tax: |
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Accelerated capital allowances: |
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Current tax charge or (credit): |
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Land and buildings | Plant Machinery | Fixtures and fittings | Office Equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 01st January 2009: | - |
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- | - | - |
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Additions: | - |
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- | - |
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At 30th December 2009: | - |
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- | - |
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Depreciation | ||||||
At 01st January 2009: | - |
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- | - | - |
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Charge for year: | - |
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- | - |
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At 30th December 2009: | - |
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- | - |
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Net book value | ||||||
At 30th December 2009: | - |
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- | - |
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At 31st December 2008: | - |
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- | - | - |
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2009 | 2008 | |
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£ | £ | |
Trade debtors: |
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Other debtors: |
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Total: |
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2009 | 2008 | |
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£ | £ | |
Bank loans and overdrafts: |
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- |
Amounts due under finance leases and hire purchase contracts: |
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- |
Trade creditors: |
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Taxation and social security: |
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Other creditors: |
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Total: |
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2009 | 2008 | |
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£ | £ | |
Bank loans: |
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- |
Amounts due under finance leases and hire purchase contracts: |
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Total: |
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Provisions | £ |
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Charge to the profit and loss account: |
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Utilised during the period: |
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At 30th December 2009: |
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Allotted, called up and paid
Previous period | 2008 | ||
Class | Number of shares | Nominal value per share | Total |
Ordinary shares: |
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Total share capital: |
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Current period | 2009 | ||
Class | Number of shares | Nominal value per share | Total |
Ordinary shares: |
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Total share capital: |
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2009 | 2008 | |
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£ | £ | |
At 01st July 2007: |
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Profit or (loss) for the period: |
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Equity dividends paid: |
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Retained profit at 30th December 2009: |
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2009 | 2008 | |
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£ | £ | |
Amount of contingent liabilities: |
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The company has guaranteed the mortgage liabilty of Momentum Save Ltd a company under common control of the parent Momentum Hub Ltd to the value of £41,000 plus interest.