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Company Registration No. 14574600 (England and Wales)
Momentum AI Limited Unaudited accounts for the period from 6 January 2023 to 31 January 2024
Momentum AI Limited Unaudited accounts Contents
Page
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Momentum AI Limited Company Information for the period from 6 January 2023 to 31 January 2024
Directors
Anders Krohn Rune Kvist
Company Number
14574600 (England and Wales)
Registered Office
128 City Road London EC1V 2NX
Accountants
TFA Partners Ltd 4B Lynx Business Park Fordham Road Snailwell Newmarket Cambridgeshire CB8 7NY
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Momentum AI Limited Statement of financial position as at 31 January 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
7,692 
Current assets
Debtors
101,264 
Cash at bank and in hand
287,675 
388,939 
Creditors: amounts falling due within one year
(150,509)
Net current assets
238,430 
Net assets
246,122 
Capital and reserves
Called up share capital
124 
Share premium
1,173,774 
Profit and loss account
(927,776)
Shareholders' funds
246,122 
For the period ending 31 January 2024 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 2 October 2024 and were signed on its behalf by
Anders Krohn Director Company Registration No. 14574600
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Momentum AI Limited Notes to the Accounts for the period from 6 January 2023 to 31 January 2024
1
Statutory information
Momentum AI Limited is a private company, limited by shares, registered in England and Wales, registration number 14574600. The registered office is 128 City Road, London, EC1V 2NX.
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 been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
25%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 6 January 2023
- 
Additions
10,255 
At 31 January 2024
10,255 
Depreciation
Charge for the period
2,563 
At 31 January 2024
2,563 
Net book value
At 31 January 2024
7,692 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
75,195 
Accrued income and prepayments
26,069 
101,264 
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Momentum AI Limited Notes to the Accounts for the period from 6 January 2023 to 31 January 2024
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
(31,583)
Trade creditors
21,107 
Taxes and social security
1,711 
Loans from directors
16,035 
Accruals
135,756 
Deferred income
7,483 
150,509 
7
Average number of employees
During the period the average number of employees was 4.
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