3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11082300 2023-08-01 2024-03-31 11082300 2024-03-31 11082300 2023-07-31 11082300 2022-08-01 2023-07-31 11082300 2023-07-31 11082300 2022-07-31 11082300 bus:OrdinaryShareClass1 2023-08-01 2024-03-31 11082300 bus:OrdinaryShareClass2 2023-08-01 2024-03-31 11082300 bus:OrdinaryShareClass3 2023-08-01 2024-03-31 11082300 bus:OrdinaryShareClass4 2023-08-01 2024-03-31 11082300 bus:Director2 2023-08-01 2024-03-31 11082300 core:WithinOneYear 2024-03-31 11082300 core:WithinOneYear 2023-07-31 11082300 core:ShareCapital 2024-03-31 11082300 core:ShareCapital 2023-07-31 11082300 core:RetainedEarningsAccumulatedLosses 2024-03-31 11082300 core:RetainedEarningsAccumulatedLosses 2023-07-31 11082300 bus:SmallEntities 2023-08-01 2024-03-31 11082300 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-03-31 11082300 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-03-31 11082300 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-03-31 11082300 bus:AbridgedAccounts 2023-08-01 2024-03-31 11082300 bus:OrdinaryShareClass1 2024-03-31 11082300 bus:OrdinaryShareClass1 2023-07-31 11082300 bus:OrdinaryShareClass2 2024-03-31 11082300 bus:OrdinaryShareClass2 2023-07-31 11082300 bus:OrdinaryShareClass3 2024-03-31 11082300 bus:OrdinaryShareClass3 2023-07-31 11082300 bus:OrdinaryShareClass4 2024-03-31 11082300 bus:OrdinaryShareClass4 2023-07-31 11082300 bus:AllOrdinaryShares 2024-03-31 11082300 bus:AllOrdinaryShares 2023-07-31
COMPANY REGISTRATION NUMBER: 11082300
Modge Limited
Filleted Unaudited Abridged Financial Statements
31 March 2024
Modge Limited
Abridged Statement of Financial Position
31 March 2024
31 Mar 24
31 Jul 23
Note
£
£
Current assets
Debtors
160,180
65,218
Cash at bank and in hand
78,374
16,156
---------
-------
238,554
81,374
Creditors: amounts falling due within one year
50,878
12,030
---------
-------
Net current assets
187,676
69,344
---------
-------
Total assets less current liabilities
187,676
69,344
---------
-------
Net assets
187,676
69,344
---------
-------
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss account
186,676
68,344
---------
-------
Shareholders funds
187,676
69,344
---------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the period ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 12 November 2024 , and are signed on behalf of the board by:
Mr J M Lodge
Director
Company registration number: 11082300
Modge Limited
Notes to the Abridged Financial Statements
Period from 1 August 2023 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 364-366 Cemetery Road, Sheffield, S11 8FT.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3 (2023: 3 ).
5. Called up share capital
Issued, called up and fully paid
31 Mar 24
31 Jul 23
No.
£
No.
£
Ordinary A shares of £ 1 each
400
400
400
400
Ordinary B shares of £ 1 each
400
400
400
400
Ordinary C shares of £ 1 each
100
100
100
100
Ordinary D shares of £ 1 each
100
100
100
100
------
------
------
------
1,000
1,000
1,000
1,000
------
------
------
------
6. Change of period
The period of these financial statements is eight months following a change to the year end to be coterminous with other related companies. As a result the prior year figures are not comparable to the current year.