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REGISTERED NUMBER: 03638382 (England and Wales)















Audited Financial Statements for the Year Ended 31st December 2023

for

Mojo Rental UK Limited

Mojo Rental UK Limited (Registered number: 03638382)

Contents of the Financial Statements
for the year ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mojo Rental UK Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: K D Thorborn
Mojo Rental International BV





SECRETARY: A H Borger





REGISTERED OFFICE: Unit 3 - 6 Longpond Works
Wrotham Road
Borough Green
Kent
TN15 8DE





REGISTERED NUMBER: 03638382 (England and Wales)





AUDITORS: Beak Kemmenoe
Chartered Accountants
& Statutory Auditors
1-3 Manor Road
Chatham
Kent
ME4 6AE

Mojo Rental UK Limited (Registered number: 03638382)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 25,837 33,079
Investments 6 3,636,715 -
3,662,552 33,079

CURRENT ASSETS
Debtors 7 399,892 433,808
Cash at bank 628,803 553,004
1,028,695 986,812
CREDITORS
Amounts falling due within one year 8 1,216,538 567,228
NET CURRENT (LIABILITIES)/ASSETS (187,843 ) 419,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,474,709

452,663

CREDITORS
Amounts falling due after more than one
year

9

(3,163,529

)

(162,500

)

PROVISIONS FOR LIABILITIES 11 (5,068 ) (6,789 )
NET ASSETS 306,112 283,374

CAPITAL AND RESERVES
Called up share capital 12 5,000 5,000
Share premium 58,002 58,002
Retained earnings 243,110 220,372
SHAREHOLDERS' FUNDS 306,112 283,374

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 25th June 2024 and were signed on its behalf by:





K D Thorborn - Director


Mojo Rental UK Limited (Registered number: 03638382)

Notes to the Financial Statements
for the year ended 31st December 2023


1. STATUTORY INFORMATION

Mojo Rental UK 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Mojo Rental UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, EVAGO Holding GmbH, Faber-Castell-Strabe, 11-20, 90602 Pyrbaum, Germany.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents total charges made for the hire of barriers and other equipment within the period under review.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Mojo Rental UK Limited (Registered number: 03638382)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 49,294
Additions 3,240
At 31st December 2023 52,534
DEPRECIATION
At 1st January 2023 16,215
Charge for year 10,482
At 31st December 2023 26,697
NET BOOK VALUE
At 31st December 2023 25,837
At 31st December 2022 33,079

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 3,636,715
At 31st December 2023 3,636,715
NET BOOK VALUE
At 31st December 2023 3,636,715

Mojo Rental UK Limited (Registered number: 03638382)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 115,133 159,578
Other debtors and prepayments 284,759 274,230
399,892 433,808

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 700,772 475,170
Corporation tax 8,518 1,540
Social security and other taxes 43,266 28,968
Other creditors and accruals 413,982 11,550
1,216,538 567,228

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 62,500 112,500
Other creditors 3,051,029 -
3,163,529 162,500

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 162,500 212,500

Secured by a fixed and floating charge over all assets, created on 18th February 2021.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 5,068 6,789

Mojo Rental UK Limited (Registered number: 03638382)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st January 2023 6,789
Provided during year (1,721 )
Balance at 31st December 2023 5,068

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary £1 5,000 5,000

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ronald Price FCA Senior Statutory Auditor
for and on behalf of Beak Kemmenoe

14. RELATED PARTY DISCLOSURES

During the year the following transactions with non-wholly owned subsidiaries existed:

£   
Debtors receivable at the balance sheet date 592
Creditors payable at the balance sheet date 1,320
Sales in the year 38,796
Purchases in the year 56,724

No amounts were written off in the year.

15. ULTIMATE CONTROLLING PARTY

The immediate controlling party is Mojo Rental International BV (incorporated in the Netherlands).

The ultimate controlling parties are considered to be Dominic Faber and Kasper Hartmann.