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REGISTERED NUMBER: 07190296 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MOJO PROMOTIONS LTD

MOJO PROMOTIONS LTD (REGISTERED NUMBER: 07190296)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOJO PROMOTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr J F Young





REGISTERED OFFICE: LCB Depot
Rutland Street
Leicester
LE1 1RE





REGISTERED NUMBER: 07190296 (England and Wales)

MOJO PROMOTIONS LTD (REGISTERED NUMBER: 07190296)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1 1
2 2

CURRENT ASSETS
Debtors 6 1,032,515 297,325
Cash at bank 1,077,990 1,402,750
2,110,505 1,700,075
CREDITORS
Amounts falling due within one year 7 675,944 623,041
NET CURRENT ASSETS 1,434,561 1,077,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,434,563

1,077,036

CAPITAL AND RESERVES
Called up share capital 210 210
Share premium 12,030 12,030
Retained earnings 1,422,323 1,064,796
1,434,563 1,077,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

MOJO PROMOTIONS LTD (REGISTERED NUMBER: 07190296)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 13 June 2024 and were signed by:





Mr J F Young - Director


MOJO PROMOTIONS LTD (REGISTERED NUMBER: 07190296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Mojo Promotions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on exchange of the goods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of one years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 100% on cost
Motor vehicles - 25% on reducing balance

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.


MOJO PROMOTIONS LTD (REGISTERED NUMBER: 07190296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 88,904
Additions 17,150
At 31 March 2024 106,054
AMORTISATION
At 1 April 2023 88,903
Charge for year 17,150
At 31 March 2024 106,053
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

MOJO PROMOTIONS LTD (REGISTERED NUMBER: 07190296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 38,623 - 38,623
Additions 21,784 38,600 60,384
Disposals (29,989 ) (38,600 ) (68,589 )
At 31 March 2024 30,418 - 30,418
DEPRECIATION
At 1 April 2023 38,622 - 38,622
Charge for year 21,784 9,650 31,434
Eliminated on disposal (29,989 ) (9,650 ) (39,639 )
At 31 March 2024 30,417 - 30,417
NET BOOK VALUE
At 31 March 2024 1 - 1
At 31 March 2023 1 - 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 205,918 131,325
Other debtors 826,597 166,000
1,032,515 297,325

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 308,745 283,669
Taxation and social security 184,443 193,512
Other creditors 182,756 145,860
675,944 623,041

MOJO PROMOTIONS LTD (REGISTERED NUMBER: 07190296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J F Young
Balance outstanding at start of year - -
Amounts advanced 332,228 -
Amounts repaid (579 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 331,649 -

9. RELATED PARTY DISCLOSURES

During the year a loan was written off to Evermerch Limited of £22,000.

Mr JF Young is a director of that company.

The controlling party is Mr J F Young.