2023-02-012024-01-312024-01-31false12397211Modbox Ltd2024-09-2625110iso4217:GBPxbrli:pure123972112023-02-01123972112024-01-31123972112023-02-012024-01-31123972112022-02-01123972112023-01-31123972112022-02-012023-01-3112397211bus:SmallEntities2023-02-012024-01-3112397211bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3112397211bus:FullAccounts2023-02-012024-01-3112397211bus:PrivateLimitedCompanyLtd2023-02-012024-01-3112397211core:WithinOneYear2024-01-3112397211core:AfterOneYear2024-01-3112397211core:WithinOneYear2023-01-3112397211core:AfterOneYear2023-01-3112397211core:ShareCapital2024-01-3112397211core:SharePremium2024-01-3112397211core:RevaluationReserve2024-01-3112397211core:OtherReservesSubtotal2024-01-3112397211core:RetainedEarningsAccumulatedLosses2024-01-3112397211core:ShareCapital2023-01-3112397211core:SharePremium2023-01-3112397211core:RevaluationReserve2023-01-3112397211core:OtherReservesSubtotal2023-01-3112397211core:RetainedEarningsAccumulatedLosses2023-01-3112397211core:LandBuildings2024-01-3112397211core:PlantMachinery2024-01-3112397211core:Vehicles2024-01-3112397211core:FurnitureFittings2024-01-3112397211core:OfficeEquipment2024-01-3112397211core:NetGoodwill2024-01-3112397211core:IntangibleAssetsOtherThanGoodwill2024-01-3112397211core:ListedExchangeTraded2024-01-3112397211core:UnlistedNon-exchangeTraded2024-01-3112397211core:LandBuildings2023-01-3112397211core:PlantMachinery2023-01-3112397211core:Vehicles2023-01-3112397211core:FurnitureFittings2023-01-3112397211core:OfficeEquipment2023-01-3112397211core:NetGoodwill2023-01-3112397211core:IntangibleAssetsOtherThanGoodwill2023-01-3112397211core:ListedExchangeTraded2023-01-3112397211core:UnlistedNon-exchangeTraded2023-01-3112397211core:LandBuildings2023-02-012024-01-3112397211core:PlantMachinery2023-02-012024-01-3112397211core:Vehicles2023-02-012024-01-3112397211core:FurnitureFittings2023-02-012024-01-3112397211core:OfficeEquipment2023-02-012024-01-3112397211core:NetGoodwill2023-02-012024-01-3112397211core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112397211core:ListedExchangeTraded2023-02-012024-01-3112397211core:UnlistedNon-exchangeTraded2023-02-012024-01-3112397211core:MoreThanFiveYears2023-02-012024-01-3112397211core:Non-currentFinancialInstruments2024-01-3112397211core:Non-currentFinancialInstruments2023-01-3112397211dpl:CostSales2023-02-012024-01-3112397211dpl:DistributionCosts2023-02-012024-01-3112397211core:LandBuildings2023-02-012024-01-3112397211core:PlantMachinery2023-02-012024-01-3112397211core:Vehicles2023-02-012024-01-3112397211core:FurnitureFittings2023-02-012024-01-3112397211core:OfficeEquipment2023-02-012024-01-3112397211dpl:AdministrativeExpenses2023-02-012024-01-3112397211core:NetGoodwill2023-02-012024-01-3112397211core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112397211dpl:GroupUndertakings2023-02-012024-01-3112397211dpl:ParticipatingInterests2023-02-012024-01-3112397211dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3112397211core:ListedExchangeTraded2023-02-012024-01-3112397211dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3112397211core:UnlistedNon-exchangeTraded2023-02-012024-01-3112397211dpl:CostSales2022-02-012023-01-3112397211dpl:DistributionCosts2022-02-012023-01-3112397211core:LandBuildings2022-02-012023-01-3112397211core:PlantMachinery2022-02-012023-01-3112397211core:Vehicles2022-02-012023-01-3112397211core:FurnitureFittings2022-02-012023-01-3112397211core:OfficeEquipment2022-02-012023-01-3112397211dpl:AdministrativeExpenses2022-02-012023-01-3112397211core:NetGoodwill2022-02-012023-01-3112397211core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112397211dpl:GroupUndertakings2022-02-012023-01-3112397211dpl:ParticipatingInterests2022-02-012023-01-3112397211dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3112397211core:ListedExchangeTraded2022-02-012023-01-3112397211dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3112397211core:UnlistedNon-exchangeTraded2022-02-012023-01-3112397211core:NetGoodwill2024-01-3112397211core:IntangibleAssetsOtherThanGoodwill2024-01-3112397211core:LandBuildings2024-01-3112397211core:PlantMachinery2024-01-3112397211core:Vehicles2024-01-3112397211core:FurnitureFittings2024-01-3112397211core:OfficeEquipment2024-01-3112397211core:AfterOneYear2024-01-3112397211core:WithinOneYear2024-01-3112397211core:ListedExchangeTraded2024-01-3112397211core:UnlistedNon-exchangeTraded2024-01-3112397211core:ShareCapital2024-01-3112397211core:SharePremium2024-01-3112397211core:RevaluationReserve2024-01-3112397211core:OtherReservesSubtotal2024-01-3112397211core:RetainedEarningsAccumulatedLosses2024-01-3112397211core:NetGoodwill2023-01-3112397211core:IntangibleAssetsOtherThanGoodwill2023-01-3112397211core:LandBuildings2023-01-3112397211core:PlantMachinery2023-01-3112397211core:Vehicles2023-01-3112397211core:FurnitureFittings2023-01-3112397211core:OfficeEquipment2023-01-3112397211core:AfterOneYear2023-01-3112397211core:WithinOneYear2023-01-3112397211core:ListedExc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Modbox Ltd

Registered Number
12397211
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

Modbox Ltd
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Adam Thomas James
Peter Robert James

Registered Address

Stubbles Church Street
Tisbury
Salisbury
SP3 6NH

Registered Number

12397211 (England and Wales)
Modbox Ltd
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3152,630114,707
Tangible assets4565,81384,444
718,443199,151
Current assets
Debtors58,1384,200
Cash at bank and on hand15,14547,314
23,28351,514
Creditors amounts falling due within one year6(277,043)(160,929)
Net current assets (liabilities)(253,760)(109,415)
Total assets less current liabilities464,68389,736
Creditors amounts falling due after one year7(255,602)-
Net assets209,08189,736
Capital and reserves
Called up share capital128128
Share premium49,99249,992
Profit and loss account158,96139,616
Shareholders' funds209,08189,736
The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2024, and are signed on its behalf by:
Adam Thomas James
Director
Peter Robert James
Director

Registered Company No. 12397211
Modbox Ltd
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Amortisation is charged at 10% and 20% straight line.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Plant and Machinery is depreciated at rates of 20% and 10% straight line.

Straight line (years)
Land and buildings50
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 February 23116,543116,543
Additions44,05244,052
At 31 January 24160,595160,595
Amortisation and impairment
At 01 February 231,8361,836
Charge for year6,1296,129
At 31 January 247,9657,965
Net book value
At 31 January 24152,630152,630
At 31 January 23114,707114,707
4.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 February 23-100,0338,211108,244
Additions37,949476,0354,717518,701
At 31 January 2437,949576,06812,928626,945
Depreciation and impairment
At 01 February 23-22,6011,19923,800
Charge for year64034,4022,29037,332
At 31 January 2464057,0033,48961,132
Net book value
At 31 January 2437,309519,0659,439565,813
At 31 January 23-77,4327,01284,444
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-4,200
Other debtors198-
Prepayments and accrued income7,940-
Total8,1384,200
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts137,470-
Taxation and social security4,9029,635
Other creditors132,646149,383
Accrued liabilities and deferred income2,0251,911
Total277,043160,929
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts255,602-
Total255,602-
8.Related party transactions
Included in other creditors are amounts loaned to Modbox Ltd from related parties totaling £20,000. The loan is repayable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding.