1 April 2022 false No description of principal activity Taxfiler 2023.9 NI617144business:PrivateLimitedCompanyLtd2022-04-012023-03-31 NI6171442022-03-31 NI6171442022-04-012023-03-31 NI617144business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 NI617144business:FilletedAccounts2022-04-012023-03-31 NI6171442023-03-31 NI617144business:Director12022-04-012023-03-31 NI617144business:Director22022-04-012023-03-31 NI617144business:Director32022-04-012023-03-31 NI617144business:Director42022-04-012023-03-31 NI617144business:RegisteredOffice2022-04-012023-03-31 NI6171442022-03-31 NI617144core:WithinOneYear2023-03-31 NI617144core:WithinOneYear2022-03-31 NI617144core:AfterOneYear2023-03-31 NI617144core:AfterOneYear2022-03-31 NI617144core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 NI617144core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 NI617144core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 NI617144core:SharePremiumcore:PreviouslyStatedAmount2022-03-31 NI617144core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 NI617144core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 NI617144core:PreviouslyStatedAmount2023-03-31 NI617144core:PreviouslyStatedAmount2022-03-31 NI617144business:SmallEntities2022-04-012023-03-31 NI617144countries:NorthernIreland2022-04-012023-03-31 NI617144core:PlantMachinery2022-04-012023-03-31 NI617144core:FurnitureFittings2022-04-012023-03-31 NI617144core:ComputerEquipment2022-04-012023-03-31 NI617144core:IntangibleAssetsOtherThanGoodwill2022-03-31 NI617144core:IntangibleAssetsOtherThanGoodwill2023-03-31 NI617144core:PlantMachinery2022-03-31 NI617144core:FurnitureFittings2022-03-31 NI617144core:ComputerEquipment2022-03-31 NI617144core:PlantMachinery2023-03-31 NI617144core:FurnitureFittings2023-03-31 NI617144core:ComputerEquipment2023-03-31 NI6171442021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. NI617144 (Northern Ireland)
MODERN NATURE LTD Unaudited accounts for the year ended 31 March 2023
MODERN NATURE LTD Unaudited accounts Contents
Page
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MODERN NATURE LTD Company Information for the year ended 31 March 2023
Directors
Vanessa Rollins John Rollins Timothy Jewitt Amy Burns
Company Number
NI617144 (Northern Ireland)
Registered Office
7A BALLYMULLAN ROAD CRAWFORDSBURN BANGOR COUNTY DOWN BT19 1JG
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MODERN NATURE LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
711 
15,328 
Current assets
Inventories
34,953 
24,921 
Debtors
2,892 
12,934 
Cash at bank and in hand
9,425 
173 
47,270 
38,028 
Creditors: amounts falling due within one year
(86,649)
(143,100)
Net current liabilities
(39,379)
(105,072)
Total assets less current liabilities
(38,668)
(89,744)
Creditors: amounts falling due after more than one year
(248,006)
(159,540)
Provisions for liabilities
Other provisions
- 
(3,066)
Net liabilities
(286,674)
(252,350)
Capital and reserves
Called up share capital
400 
400 
Share premium
139,944 
139,944 
Profit and loss account
(427,018)
(392,694)
Shareholders' funds
(286,674)
(252,350)
For the year ending 31 March 2023 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 12 September 2023 and were signed on its behalf by
Vanessa Rollins Director Company Registration No. NI617144
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MODERN NATURE LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
MODERN NATURE LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI617144. The registered office is 7A BALLYMULLAN ROAD, CRAWFORDSBURN, BANGOR, COUNTY DOWN, BT19 1JG.
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
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
20% reducing balance
Fixtures & fittings
33% straight line
Computer equipment
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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MODERN NATURE LTD Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
42,112 
At 31 March 2023
42,112 
Amortisation
At 1 April 2022
42,112 
At 31 March 2023
42,112 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
55,047 
8,994 
21,834 
85,875 
Additions
710 
- 
1 
711 
At 31 March 2023
55,757 
8,994 
21,835 
86,586 
Depreciation
At 1 April 2022
45,478 
8,898 
16,171 
70,547 
Charge for the year
9,569 
96 
5,663 
15,328 
At 31 March 2023
55,047 
8,994 
21,834 
85,875 
Net book value
At 31 March 2023
710 
- 
1 
711 
At 31 March 2022
9,569 
96 
5,663 
15,328 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
7,444 
Trade debtors
2,892 
2,769 
Other debtors
- 
2,721 
2,892 
12,934 
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MODERN NATURE LTD Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
25 
49,913 
VAT
(1,965)
- 
Trade creditors
22,357 
32,631 
Taxes and social security
52,378 
502 
Loans from directors
13,875 
52,046 
Accruals
(21)
5,527 
Deferred income
- 
2,481 
86,649 
143,100 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
64,006 
15,540 
Loans from directors
184,000 
144,000 
248,006 
159,540 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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