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REGISTERED NUMBER: 06900080 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

MOMENTUM SEARCH LIMITED

MOMENTUM SEARCH LIMITED (REGISTERED NUMBER: 06900080)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOMENTUM SEARCH LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2023







DIRECTORS: P Donovan
T Donovan





REGISTERED OFFICE: 19 Montpelier Avenue
Bexley
Kent
DA5 3AP





REGISTERED NUMBER: 06900080 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

MOMENTUM SEARCH LIMITED (REGISTERED NUMBER: 06900080)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,413 6,668
Investments 5 16,878 16,510
23,291 23,178

CURRENT ASSETS
Debtors 6 145 444
Cash at bank 47,291 56,408
47,436 56,852
CREDITORS
Amounts falling due within one year 7 (24,275 ) (24,810 )
NET CURRENT ASSETS 23,161 32,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,452

55,220

CREDITORS
Amounts falling due after more than one year 8 (9,775 ) (14,449 )
NET ASSETS 36,677 40,771

CAPITAL AND RESERVES
Called up share capital 180 180
Retained earnings 9 36,497 40,591
SHAREHOLDERS' FUNDS 36,677 40,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MOMENTUM SEARCH LIMITED (REGISTERED NUMBER: 06900080)

BALANCE SHEET - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





P Donovan - Director


MOMENTUM SEARCH LIMITED (REGISTERED NUMBER: 06900080)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Momentum Search Limited is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MOMENTUM SEARCH LIMITED (REGISTERED NUMBER: 06900080)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022 11,462
Additions 1,883
At 31 May 2023 13,345
DEPRECIATION
At 1 June 2022 4,794
Charge for year 2,138
At 31 May 2023 6,932
NET BOOK VALUE
At 31 May 2023 6,413
At 31 May 2022 6,668

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022 16,510
Additions 368
At 31 May 2023 16,878
NET BOOK VALUE
At 31 May 2023 16,878
At 31 May 2022 16,510

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 145 444

MOMENTUM SEARCH LIMITED (REGISTERED NUMBER: 06900080)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,136 5,136
Trade creditors - 1,807
Tax 16,264 15,257
Social security and other taxes 419 151
Directors' current accounts 391 494
Accrued expenses 2,065 1,965
24,275 24,810

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,775 14,449

9. RESERVES
Retained
earnings
£   

At 1 June 2022 40,591
Profit for the year 68,406
Dividends (72,500 )
At 31 May 2023 36,497