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Company Registration No. 12217609 (England and Wales)
Modan Services Ltd Filleted accounts for the year ended 30 September 2021
Modan Services Ltd Filleted accounts Contents
Page
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Modan Services Ltd Company Information for the year ended 30 September 2021
Director
Joanne Iheoma Odejinmi
Company Number
12217609 (England and Wales)
Registered Office
6 Avalon Close Watford WD25 9TW
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Modan Services Ltd Statement of financial position as at 30 September 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Debtors
6,000 
8,972 
Cash at bank and in hand
5,128 
24,054 
11,128 
33,026 
Creditors: amounts falling due within one year
(13,799)
(25,676)
Net current (liabilities)/assets
(2,671)
7,350 
Total assets less current liabilities
(2,671)
7,350 
Creditors: amounts falling due after more than one year
(25,000)
(20,000)
Net liabilities
(27,671)
(12,650)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(27,771)
(12,750)
Shareholders' funds
(27,671)
(12,650)
For the year ending 30 September 2021 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 director acknowledges her 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 and authorised for issue on 11 July 2022 and were signed on its behalf by
Joanne Iheoma Odejinmi Director Company Registration No. 12217609
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Modan Services Ltd Notes to the Accounts for the year ended 30 September 2021
1
Statutory information
Modan Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12217609. The registered office is 6 Avalon Close, Watford, WD25 9TW.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other debtors
6,000 
8,972 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Loans from directors
13,303 
25,000 
Accruals
496 
676 
13,799 
25,676 
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
25,000 
20,000 
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Modan Services Ltd Notes to the Accounts for the year ended 30 September 2021
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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