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Company Registration No. 09947291 (England and Wales)
MOMENTUM TECHNOLOGIES LTD Unaudited accounts for the year ended 31 December 2024
MOMENTUM TECHNOLOGIES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
MOMENTUM TECHNOLOGIES LTD Company Information for the year ended 31 December 2024
Directors
Renaud Cyrille Million Alberto Pasqualotto
Company Number
09947291 (England and Wales)
Registered Office
PLEXAL 14 EAST BAY LANE LONDON E15 2GW ENGLAND
Accountants
Arth Limited 655 Milton Keynes Business Centre Hayley Court Linford Wood Milton Keynes Buckinghamshire MK14 6GD
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MOMENTUM TECHNOLOGIES LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
7,196 
6,448 
Investments
5
- 
1 
7,196 
6,449 
Current assets
Debtors
6
40,906 
70,275 
Cash at bank and in hand
53,941 
55,017 
94,847 
125,292 
Creditors: amounts falling due within one year
7
532 
(23,620)
Net current assets
95,379 
101,672 
Total assets less current liabilities
102,575 
108,121 
Creditors: amounts falling due after more than one year
8
(11,796)
(32,574)
Net assets
90,779 
75,547 
Capital and reserves
Called up share capital
1 
1 
Share premium
156,042 
156,042 
Capital contribution reserve
45 
45 
Profit and loss account
(65,309)
(80,541)
Shareholders' funds
90,779 
75,547 
For the 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 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 18 August 2024 and were signed on its behalf by
Renaud Cyrille Million Director Company Registration No. 09947291
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MOMENTUM TECHNOLOGIES LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
MOMENTUM TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 09947291. The registered office is PLEXAL, 14 EAST BAY LANE, LONDON, E15 2GW, 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 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:
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
1,546 
11,047 
12,593 
Additions
432 
3,292 
3,724 
At 31 December 2024
1,978 
14,339 
16,317 
Depreciation
At 1 January 2024
1,027 
5,118 
6,145 
Charge for the year
176 
2,800 
2,976 
At 31 December 2024
1,203 
7,918 
9,121 
Net book value
At 31 December 2024
775 
6,421 
7,196 
At 31 December 2023
519 
5,929 
6,448 
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MOMENTUM TECHNOLOGIES LTD Notes to the Accounts for the year ended 31 December 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
1 
Disposals
(1)
Valuation at 31 December 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,306 
69,675 
Other debtors
600 
600 
40,906 
70,275 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,500 
- 
VAT
16,299 
22,338 
Trade creditors
259 
20,110 
Amounts owed to group undertakings and other participating interests
- 
1 
Taxes and social security
(29,172)
(50,931)
Loans from directors
(18)
27,032 
Accruals
1,600 
5,070 
(532)
23,620 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,796 
32,574 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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