REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE PERIOD 21 SEPTEMBER 2019 TO 30 SEPTEMBER 2020 |
|
FOR |
|
MOMO HUB LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE PERIOD 21 SEPTEMBER 2019 TO 30 SEPTEMBER 2020 |
|
FOR |
|
MOMO HUB LIMITED |
MOMO HUB LIMITED (REGISTERED NUMBER: 12219112) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 21 SEPTEMBER 2019 TO 30 SEPTEMBER 2020 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Chartered Accountants' Report | 7 |
MOMO HUB LIMITED |
|
COMPANY INFORMATION |
FOR THE PERIOD 21 SEPTEMBER 2019 TO 30 SEPTEMBER 2020 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Charlton House |
Dour Street |
DOVER |
Kent |
CT16 1BL |
MOMO HUB LIMITED (REGISTERED NUMBER: 12219112) |
|
BALANCE SHEET |
30 SEPTEMBER 2020 |
|
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
CURRENT ASSETS |
Stocks |
|
Cash at bank |
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
NET CURRENT ASSETS |
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
CREDITORS |
Amounts falling due after more than one
year |
6 |
|
NET LIABILITIES | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
|
|
|
|
|
The director acknowledges her responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
MOMO HUB LIMITED (REGISTERED NUMBER: 12219112) |
|
BALANCE SHEET - continued |
30 SEPTEMBER 2020 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director and authorised for issue on
|
|
|
|
|
|
|
|
MOMO HUB LIMITED (REGISTERED NUMBER: 12219112) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 21 SEPTEMBER 2019 TO 30 SEPTEMBER 2020 |
|
1. | STATUTORY INFORMATION |
|
Momo Hub Limited is a
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
|
Government grants |
A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs is recognised in income in the period in which it becomes receivable. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
Taxation |
Taxation for the period comprises current and deferred tax. Tax 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 or deferred 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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
MOMO HUB LIMITED (REGISTERED NUMBER: 12219112) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 21 SEPTEMBER 2019 TO 30 SEPTEMBER 2020 |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the period was
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
Additions |
|
At 30 September 2020 |
|
DEPRECIATION |
Charge for period |
|
At 30 September 2020 |
|
NET BOOK VALUE |
At 30 September 2020 |
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
|
Other creditors |
|
Directors' current accounts | 10,062 |
|
|
6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
£ |
Bank loans - 1-2 years |
|
Bank loans - 2-5 years |
|
Bank loans more 5 yr by instal |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | 2,000 |
|
7. | LEASING AGREEMENTS |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
|
Between one and five years |
|
|
MOMO HUB LIMITED (REGISTERED NUMBER: 12219112) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 21 SEPTEMBER 2019 TO 30 SEPTEMBER 2020 |
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
£ |
Bank loans |
|
|
The bank loan is covered by the Bounce Back Loan Scheme and is guaranteed by the UK Government. |
|
9. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
|
Ordinary | £1 | 2 |
|
10. | POST BALANCE SHEET EVENTS |
|
The impact of COVID-19 is continuing to evolve, and therefore it is not practicable to quantify the potential financial impact on the Company at the time of writing. That said, the director does not expect COVID-19 to have a material impact on activities. |
|
11. | GOVERNMENT GRANTS |
|
During the year the company has received government grants due to the Covid-19 pandemic. The company received the Small Business Grant Fund grant, a compensatory grant to give immediate financial support to the company, and a sum of £10,000 has been credited to the profit and loss account in the year. The company took out a Bounce Back Loan in the year, which is guaranteed by the government. Interest of £125, charged in the year on this loan, was covered by a government grant. |
|
12. | GOING CONCERN |
|
The accounts have been prepared on a going concern basis as the director believes that current and future sources of funding or support will be more than adequate for the Company's needs. |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
MOMO HUB LIMITED |
|
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Momo Hub Limited for the period ended 30 September 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
|
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
|
This report is made solely to the director of Momo Hub Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Momo Hub Limited and state those matters that we have agreed to state to the director of Momo Hub Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Momo Hub Limited and its director for our work or for this report. |
|
It is your duty to ensure that Momo Hub Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Momo Hub Limited. You consider that Momo Hub Limited is exempt from the statutory audit requirement for the period. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Momo Hub Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Chartered Accountants |
Charlton House |
Dour Street |
DOVER |
Kent |
CT16 1BL |
|
|
|