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Momentum Accounting Ltd

(formerly SOUTHPAW ACCOUNTING SERVICES LIMITED)

Registered Number
14378141
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Momentum Accounting Ltd
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

KEVILLE, Ben

Registered Address

124 City Road
London
EC1V 2NX

Registered Number

14378141 (England and Wales)
Momentum Accounting Ltd
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors774-
Cash at bank and on hand4,0781,025
4,8521,025
Creditors amounts falling due within one year3(6,510)(4,058)
Net current assets (liabilities)(1,658)(3,033)
Total assets less current liabilities(1,658)(3,033)
Net assets(1,658)(3,033)
Capital and reserves
Called up share capital100100
Profit and loss account(1,758)(3,133)
Shareholders' funds(1,658)(3,033)
The financial statements were approved and authorised for issue by the Director on 11 September 2024, and are signed on its behalf by:
KEVILLE, Ben
Director
Registered Company No. 14378141
Momentum Accounting Ltd
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
At the balance sheet date the company had net current liabilities of £1,658 (2023 - £3,032). The Director has confirmed that the company will continue trading as a going concern.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20242023
Average number of employees during the year11
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,415450
Bank borrowings and overdrafts3-
Taxation and social security1,358215
Other creditors3,734993
Accrued liabilities and deferred income-2,400
Total6,5104,058
4.Related party transactions
At the balance sheet date the company owed the Director, B Keville, £Nil (2023 - £705). At the balance sheet date the company owed £3,733 (2023 - £288) to Limitless Financial Group Limited, a company under common control of the Director, B Keville.