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Company Registration No. 12249986 (England and Wales)
MOJO MEN LTD Unaudited accounts for the year ended 31 October 2024
MOJO MEN LTD Unaudited accounts Contents
Page
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MOJO MEN LTD Company Information for the year ended 31 October 2024
Directors
Angus Barge Alexander Lamberton Gilbert Kamran Adle Jodie Christina Miller
Company Number
12249986 (England and Wales)
Registered Office
2nd Floor, 15 Westland Place London N1 7NP ENGLAND
Accountants
Insight Business Services Limited 20-22 Wenlock Road London N1 7GU
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MOJO MEN LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,415 
30,960 
Current assets
Debtors
307,363 
203,369 
Cash at bank and in hand
1,953,560 
736,565 
2,260,923 
939,934 
Creditors: amounts falling due within one year
(1,196,419)
(183,342)
Net current assets
1,064,504 
756,592 
Total assets less current liabilities
1,106,919 
787,552 
Provisions for liabilities
Other provisions
(147,638)
- 
Net assets
959,281 
787,552 
Capital and reserves
Called up share capital
168 
150 
Share premium
6,037,307 
3,622,603 
Profit and loss account
(5,078,194)
(2,835,201)
Shareholders' funds
959,281 
787,552 
For the year ending 31 October 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 7 May 2025 and were signed on its behalf by
Alexander Lamberton Gilbert Director Company Registration No. 12249986
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MOJO MEN LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
MOJO MEN LTD is a private company, limited by shares, registered in England and Wales, registration number 12249986. The registered office and principal place of business is 2nd Floor, 15 Westland Place, London, N1 7NP, ENGLAND.
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 remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the provisions of FRS102 1A.
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:
Fixtures & fittings
20% Reducing balance basis
Computer equipment
20% Reducing balance basis
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover
Turnover is measured at the fair value of the consideration received or receivables, excluding discounts, rebates and value-added tax, and other sales taxes. Turnover from subscription services is recognised on an accrual basis, reflecting the stage of completion of the service provided. This approach ensures that turnover is matched with the period in which the service is rendered, in accordance with FRS 102. In the current year, we updated our turnover recognition policy to better reflect the economic substance of our subscription model. In prior years, turnover was recognised at the point of sale. The updated approach more accurately accounts for advance payments received for subscriptions covering periods of 3 to 12 months, providing a clearer representation of the company’s financial performance. As a result of this change, a deferred income balance has been recognised in the financial statements, reflecting subscription payments received in advance for services to be delivered in future periods.
Going concern
The accounts have been prepared on a going concern basis for the year.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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MOJO MEN LTD Notes to the Accounts for the year ended 31 October 2024
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Prior year adjustment
There is a prior year adjustment of £11,125 included within the figures, this related to 3 invoices being provided after the finalisation of last year's accounts.
Equity Issuance Cost
The equity issuance cost has been offset against the share premium within the accounts.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
22,555 
27,507 
50,062 
Additions
7,021 
15,038 
22,059 
At 31 October 2024
29,576 
42,545 
72,121 
Depreciation
At 1 November 2023
7,393 
11,709 
19,102 
Charge for the year
4,437 
6,167 
10,604 
At 31 October 2024
11,830 
17,876 
29,706 
Net book value
At 31 October 2024
17,746 
24,669 
42,415 
At 31 October 2023
15,162 
15,798 
30,960 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
101 
- 
Trade debtors
196,537 
93,406 
Accrued income and prepayments
106,660 
109,963 
Other debtors
4,065 
- 
307,363 
203,369 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
16,593 
Trade creditors
196,321 
81,478 
Taxes and social security
66,275 
62,294 
Other creditors
15,710 
22,977 
Deferred income
918,113 
- 
1,196,419 
183,342 
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MOJO MEN LTD Notes to the Accounts for the year ended 31 October 2024
7
Provisions for liabilities
£ 
At 1 November 2023
- 
Additional provisions made during the period
147,638 
At 31 October 2024
147,638 
A provision of £147,638 has been made in relation to the HMRC enquiry towards R&D tax credit claims for year ending 31 Oct 2022 and 31 Oct 2023.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
16,808,992 Ordinary Shares of £0.00001 each
168.08 
149.57 
Shares issued during the period:
1,851,843 Ordinary Shares of £0.00001 each
18.51 
9
Average number of employees
During the year the average number of employees was 18 (2023: 15).
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