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REGISTERED NUMBER: 14218149 (England and Wales)















Financial Statements for the Period 6 July 2022 to 31 July 2023

for

Modstyle Eyewear UK Limited

Modstyle Eyewear UK Limited (Registered number: 14218149)

Contents of the Financial Statements
for the Period 6 July 2022 to 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Modstyle Eyewear UK Limited

Company Information
for the Period 6 July 2022 to 31 July 2023







DIRECTORS: Mr M J Wymond
Mrs L J Wymond
Mr W E Cooksey





SECRETARY: Turner Hampton Secretaries Limited





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 14218149 (England and Wales)





ACCOUNTANTS: Turner Hampton
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Modstyle Eyewear UK Limited (Registered number: 14218149)

Balance Sheet
31 July 2023

Notes £   
FIXED ASSETS
Property, plant and equipment 4 19,857

CURRENT ASSETS
Inventories 10,489
Debtors 5 22,279
Cash at bank 3,981
36,749
CREDITORS
Amounts falling due within one year 6 (179,700 )
NET CURRENT LIABILITIES (142,951 )
TOTAL ASSETS LESS CURRENT LIABILITIES (123,094 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (123,096 )
(123,094 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





Mr M J Wymond - Director


Modstyle Eyewear UK Limited (Registered number: 14218149)

Notes to the Financial Statements
for the Period 6 July 2022 to 31 July 2023


1. STATUTORY INFORMATION

Modstyle Eyewear UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Revenue 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Inventories 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Modstyle Eyewear UK Limited (Registered number: 14218149)

Notes to the Financial Statements - continued
for the Period 6 July 2022 to 31 July 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. PROPERTY, PLANT AND EQUIPMENT
Motor
vehicles
£   
COST
Additions 25,082
At 31 July 2023 25,082
DEPRECIATION
Charge for period 5,225
At 31 July 2023 5,225
NET BOOK VALUE
At 31 July 2023 19,857

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 14,319
Other debtors 7,960
22,279

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 23,712
Taxation and social security 2,524
Other creditors 153,464
179,700