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Registered Number: 11695746
England and Wales

 

 

 

MOMENTUM FM LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 5,797    9,720 
5,797    9,720 
Current assets      
Stocks 5 2,046   
Debtors 6 269,810    129,910 
Cash at bank and in hand 23,740    32,943 
295,596    162,853 
Creditors: amount falling due within one year 7 (161,689)   (78,989)
Net current assets 133,907    83,864 
 
Total assets less current liabilities 139,704    93,584 
Creditors: amount falling due after more than one year 8 (27,143)   (529,181)
Net assets 112,561    (435,597)
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 112,461    (435,697)
Shareholders' funds 112,561    (435,597)
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 26 March 2025 and were signed on its behalf by:


-------------------------------
C J Bliss
Director
-------------------------------
C Renshaw
Director
1
General Information
Momentum FM Ltd is a private company, limited by shares, registered in England and Wales, registration number 11695746, registration address 1st Floor, 1 Temple Square, 24 Dale Street, Liverpool, L2 5RL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation for the year comprises current tax and 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 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.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Fixtures and Fittings 25% Straight Line
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees


Average number of employees during the year was 20 (2023 : 21).
3.

Financial Commitments, Guarantees and Contingencies

The company leases three vans and has entered into a three year lease agreement, expiring June 2027. The total monthly lease payment for all three vans is £897.77.

4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 July 2023 17,221    1,994    2,885    22,100 
Additions   333      333 
Disposals (580)       (580)
At 30 June 2024 16,641    2,327    2,885    21,853 
Depreciation
At 01 July 2023 8,491    1,298    2,591    12,380 
Charge for year 3,079    573    289    3,941 
On disposals (265)       (265)
At 30 June 2024 11,305    1,871    2,880    16,056 
Net book values
Closing balance as at 30 June 2024 5,336    456    5    5,797 
Opening balance as at 01 July 2023 8,730    696    294    9,720 


5.

Stocks

2024
£
  2023
£
Stocks 2,046   
2,046   

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 240,160    122,989 
Prepayments & Accrued Income 4,321    6,521 
Other Debtors 100    400 
244,581    129,910 

6.

Debtors: amounts falling due after one year

2024
£
  2023
£
Amount Owed by Group Undertakings 25,229   
25,229   

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 81,397    35,952 
Bank Loans & Overdrafts 5,429    5,429 
PAYE & Social Security 10,572    9,658 
CIS Liabilities 935   
Accrued Expenses 30,883    13,637 
Other Creditors 5,237    12 
VAT 27,236    14,301 
161,689    78,989 
The Bank Loan represents a Bounce Back Loan.

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 27,143    32,571 
Amounts Owed to Group Undertakings   496,610 
27,143    529,181 
The Bank Loan represents a Bounce Back Loan.

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2