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REGISTERED NUMBER: 10119897 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MODECE ARCHITECTS LTD

MODECE ARCHITECTS LTD (REGISTERED NUMBER: 10119897)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MODECE ARCHITECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr M D Bell





REGISTERED OFFICE: Brambles Barn
Baylham
Ipswich
Suffolk
IP6 8JU





REGISTERED NUMBER: 10119897 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

MODECE ARCHITECTS LTD (REGISTERED NUMBER: 10119897)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,041 3,061
Tangible assets 5 209,708 221,150
211,749 224,211

CURRENT ASSETS
Debtors 6 282,603 291,114
Cash at bank 17 12,571
282,620 303,685
CREDITORS
Amounts falling due within one year 7 117,207 85,965
NET CURRENT ASSETS 165,413 217,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,162

441,931

CREDITORS
Amounts falling due after more than one
year

8

(42,904

)

(76,669

)

PROVISIONS FOR LIABILITIES (30,312 ) (30,968 )
NET ASSETS 303,946 334,294

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 303,945 334,293
303,946 334,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MODECE ARCHITECTS LTD (REGISTERED NUMBER: 10119897)

BALANCE SHEET - continued
30 APRIL 2024


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 director and authorised for issue on 26 July 2024 and were signed by:





Mr M D Bell - Director


MODECE ARCHITECTS LTD (REGISTERED NUMBER: 10119897)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Modece Architects Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Tools & equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 year 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.

MODECE ARCHITECTS LTD (REGISTERED NUMBER: 10119897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 10,201
AMORTISATION
At 1 May 2023 7,140
Charge for year 1,020
At 30 April 2024 8,160
NET BOOK VALUE
At 30 April 2024 2,041
At 30 April 2023 3,061

MODECE ARCHITECTS LTD (REGISTERED NUMBER: 10119897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Tools & and
property equipment fittings
£    £    £   
COST
At 1 May 2023 235,727 4,613 5,841
Additions 11,060 - 595
Disposals - (453 ) (1,091 )
At 30 April 2024 246,787 4,160 5,345
DEPRECIATION
At 1 May 2023 45,521 2,405 1,602
Charge for year 24,678 455 911
Eliminated on disposal - (241 ) (334 )
At 30 April 2024 70,199 2,619 2,179
NET BOOK VALUE
At 30 April 2024 176,588 1,541 3,166
At 30 April 2023 190,206 2,208 4,239

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 24,226 33,501 303,908
Additions 20,995 - 32,650
Disposals - (3,652 ) (5,196 )
At 30 April 2024 45,221 29,849 331,362
DEPRECIATION
At 1 May 2023 12,019 21,211 82,758
Charge for year 8,301 8,421 42,766
Eliminated on disposal - (3,295 ) (3,870 )
At 30 April 2024 20,320 26,337 121,654
NET BOOK VALUE
At 30 April 2024 24,901 3,512 209,708
At 30 April 2023 12,207 12,290 221,150

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 4,757 17,211
Other debtors 153 254
Accrued income 29,968 31,140
Prepayments 22,998 17,282
57,876 65,887

MODECE ARCHITECTS LTD (REGISTERED NUMBER: 10119897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by associates 224,727 225,227

Aggregate amounts 282,603 291,114

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,077
Trade creditors - 14,098
Corporation tax 5,799 7,748
Social security and other taxes 1,576 -
VAT 10,064 8,250
Other creditors 198 21
Directors' current accounts 26,100 -
Director's loan account 63,051 36,560
Accrued expenses 3,268 2,060
Deferred government grants 7,151 7,151
117,207 85,965

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 10,099
Bank loans - 2-5 years - 16,515
Deferred government grants 42,904 50,055
42,904 76,669

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 36,464

Bank loans include a Bounce Back Loan for £Nil (2023: £36,464) which is secured by the UK government.

MODECE ARCHITECTS LTD (REGISTERED NUMBER: 10119897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. RELATED PARTY DISCLOSURES

Modece Property Ltd

A company in which Mr M D Bell is a director

2024 2023
£ £

Amount due from related party at the balance sheet date 224,727 225,227