Registered number
04109693
Mode Ltd
Filleted Accounts
30 November 2023
Mode Ltd
Registered number: 04109693
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,966 7,956
Current assets
Stocks 1,700 3,209
Debtors 4 270 273
Cash at bank and in hand 952 375
2,922 3,857
Creditors: amounts falling due within one year 5 (1,550) (1,901)
Net current assets 1,372 1,956
Total assets less current liabilities 7,338 9,912
Creditors: amounts falling due after more than one year 6 (11,393) (10,973)
Provisions for liabilities (1,134) (1,512)
Net liabilities (5,189) (2,573)
Capital and reserves
Called up share capital 1 1
Profit and loss account (5,190) (2,574)
Shareholders' funds (5,189) (2,573)
Average number of employees 1 1
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Trevor Collins
Director
Approved by the board on 24 October 2024
Mode Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 24,154 11,525 35,679
At 30 November 2023 24,154 11,525 35,679
Depreciation
At 1 December 2022 20,140 7,583 27,723
Charge for the year 1,004 986 1,990
At 30 November 2023 21,144 8,569 29,713
Net book value
At 30 November 2023 3,010 2,956 5,966
At 30 November 2022 4,014 3,942 7,956
4 Debtors 2023 2022
£ £
Other debtors 270 273
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 720 1,280
Taxation and social security costs (891) (891)
Other creditors 1,721 1,512
1,550 1,901
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 11,393 10,973
7 Other information
Mode Ltd is a private company limited by shares and incorporated in England. Its registered office is:
A05 Towngate Lane
Dark Lane
Mawdesley
Lancs
L40 2QU
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