Migogo Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 13719389

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		116,489		-
Tangible Assets	5		3,084		200

			119,573		200
CURRENT ASSETS
Debtors	6	22,140		2,723
Cash at bank and in hand		3,417		737

		25,557		3,460
Creditors: Amounts Falling Due Within One Year	7	(480,864 )		(77,445 )

NET CURRENT ASSETS (LIABILITIES)			(455,307 )		(73,985 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(335,734 )		(73,785 )

NET LIABILITIES			(335,734 )		(73,785 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(335,834 )		(73,885 )

SHAREHOLDERS' FUNDS			(335,734)		(73,785)

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gerard Thatcher

Director

14 January 2026

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Migogo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13719389 . The registered office is 1 The Briars, Waterberry Drive, Waterlooville, PO7 7YH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets were amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

5 years straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 December 2024	-
Additions	129,432

As at 30 November 2025	129,432

Amortisation
As at 1 December 2024	-
Provided during the period	12,943

As at 30 November 2025	12,943

Net Book Value
As at 30 November 2025	116,489

As at 1 December 2024	-

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Migogo Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 December 2024	499
Additions	3,727

As at 30 November 2025	4,226

Depreciation
As at 1 December 2024	299
Provided during the period	843

As at 30 November 2025	1,142

Net Book Value
As at 30 November 2025	3,084

As at 1 December 2024	200

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,305	-
Amounts owed by group undertakings	-	100
Other debtors	13,272	2,623

	19,577	2,723
Due after more than one year
Other debtors	2,563	-

	22,140	2,723

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	6,100	1,134
Other loans	455,925	70,154
Other creditors	8,215	296
Taxation and social security	10,624	5,861

	480,864	77,445

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Migogo Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	10,250	-
Later than one year and not later than five years	17,937	-

	28,187	-

10. Related Party Transactions

Other Loans balance includes a loan from Thatchers Motor Company Ltd, a company connected to the director, for £455,925, repayable on demand and provided interest free.

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