Abbreviated Company Accounts - MOMENTUM VENTURES LTD

Abbreviated Company Accounts - MOMENTUM VENTURES LTD

MOMENTUM VENTURES LTD - Company Information

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Registered Number 05691512

MOMENTUM VENTURES LTD

Abbreviated Accounts

31 January 2016

MOMENTUM VENTURES LTD Registered Number 05691512

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets - -
- -
Current assets
Debtors 4,865 6,157
Cash at bank and in hand 17,460 35,165
22,325 41,322
Creditors: amounts falling due within one year (6,833) (21,344)
Net current assets (liabilities) 15,492 19,978
Total assets less current liabilities 15,492 19,978
Total net assets (liabilities) 15,492 19,978
Capital and reserves
Called up share capital 1 1
Profit and loss account 15,491 19,977
Shareholders' funds 15,492 19,978
  • For the year ending 31 January 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 September 2016

And signed on their behalf by:
Claudia Wassiczek, Director

MOMENTUM VENTURES LTD Registered Number 05691512

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
These financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value of goods and services provided stated net of value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Computer equipment: 3 years straight line;
Furniture and other equipment: 5 years straight line.