Registration number: 05415813

Momentum Training Limited

(Registration number: 05415813)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	370	963
Current assets
Debtors	5	1,980	-
Cash at bank and in hand		47,696	53,094
		49,676	53,094
Creditors: Amounts falling due within one year	6	(13,776)	(3,255)
Net current assets		35,900	49,839
Net assets		36,270	50,802
Capital and reserves
Called up share capital	7	1	1
Retained earnings		36,269	50,801
Shareholders' funds		36,270	50,802

For the financial year ending 31 December 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 of its accounts for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 Section 1A.

Approved and authorised by the director on 28 March 2025
 

......................................... Mrs S Lardner Director

Momentum Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 29C Nine Mile Ride, Wokingham, Berkshire, RG40 4QD.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% straight line
Plant and machinery	25% reducing balance

Momentum Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtor.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. All shares are issued on a fully paid up basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Momentum Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	4,337	4,337
At 31 December 2024	4,337	4,337
Depreciation
At 1 January 2024	3,374	3,374
Charge for the year	593	593
At 31 December 2024	3,967	3,967
Carrying amount
At 31 December 2024	370	370
At 31 December 2023	963	963

5

Debtors

Current	2024 £	2023 £
Trade debtors	1,980	-
	1,980	-

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Trade creditors	77	75
Taxes and social security	4,385	1,799
Directors current accounts	8,234	336
Other creditors	1,080	1,045
	13,776	3,255

Momentum Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

Momentum Training Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2024

	2024  £	2023  £
Turnover (analysed below)	31,443	23,079
Gross profit (%)	100%	100%
Administrative expenses
Employment costs (analysed below)	(9,096)	(9,096)
Establishment costs (analysed below)	(300)	(383)
General administrative expenses (analysed below)	(12,208)	(10,222)
Finance charges (analysed below)	(396)	(556)
Depreciation costs (analysed below)	(593)	(904)
	(22,593)	(21,161)
Operating profit	8,850	1,918
Other interest receivable and similar income (analysed below)	986	881
Profit before tax	9,836	2,799

Momentum Training Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2024

2024 £

2023 £

Turnover
Provision of services, UK	31,443	23,079

Employment costs
Directors remuneration	(9,096)	(9,096)

Establishment costs
Light, heat and power	(300)	(300)
Equipment repairs and renewals	-	(83)
	(300)	(383)

General administrative expenses
Telephone and fax	(959)	(883)
Office expenses	(1,815)	(1,870)
Computer software and maintenance costs	(103)	(108)
Printing, postage and stationery	(124)	(89)
Charitable donations	(172)	(195)
Sundry expenses	(102)	(90)
Travel and subsistence	(5,244)	(3,530)
Customer entertaining (disallowable for tax)	(2,033)	(1,556)
Accountancy fees	(1,390)	(1,335)
Insurance	(266)	(566)
	(12,208)	(10,222)

Finance charges
Bank charges	(396)	(556)

Depreciation costs
Depreciation of office equipment (owned)	(593)	(904)

Other interest receivable and similar income
Bank interest receivable	986	881