Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 11843351 Ms Monuzza Syed Ms Monuzza Syed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11843351 2023-02-28 11843351 2024-02-28 11843351 2023-03-01 2024-02-28 11843351 frs-core:CurrentFinancialInstruments 2024-02-28 11843351 frs-core:Non-currentFinancialInstruments 2024-02-28 11843351 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 11843351 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 11843351 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 11843351 frs-core:ShareCapital 2024-02-28 11843351 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 11843351 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11843351 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 11843351 frs-bus:SmallEntities 2023-03-01 2024-02-28 11843351 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 11843351 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11843351 frs-bus:Director1 2023-03-01 2024-02-28 11843351 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 11843351 frs-countries:EnglandWales 2023-03-01 2024-02-28 11843351 2022-02-28 11843351 2023-02-28 11843351 2022-03-01 2023-02-28 11843351 frs-core:CurrentFinancialInstruments 2023-02-28 11843351 frs-core:Non-currentFinancialInstruments 2023-02-28 11843351 frs-core:ShareCapital 2023-02-28 11843351 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11843351
Modo Management Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Care Accountancy Services
69 Ingleside Drive
Stevenage
Herts
SG1 4RY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11843351
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 464,650 464,650
464,650 464,650
CURRENT ASSETS
Debtors 5 1 1
Cash at bank and in hand 56,148 58,449
56,149 58,450
Creditors: Amounts Falling Due Within One Year 6 (368,801 ) (336,738 )
NET CURRENT ASSETS (LIABILITIES) (312,652 ) (278,288 )
TOTAL ASSETS LESS CURRENT LIABILITIES 151,998 186,362
Creditors: Amounts Falling Due After More Than One Year 7 (248,092 ) (253,867 )
NET LIABILITIES (96,094 ) (67,505 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (96,095 ) (67,506 )
SHAREHOLDERS' FUNDS (96,094) (67,505)
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Monuzza Syed
Director
29 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Modo Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11843351 . The registered office is Commercial Unit Mayfair Court, 76 Stonegrove, Edgware, HA8 7UH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0% per annum
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 March 2023 464,650
As at 28 February 2024 464,650
...CONTINUED
Page 3
Page 4
Net Book Value
As at 28 February 2024 464,650
As at 1 March 2023 464,650
5. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 1 1
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 360 360
Director's loan account 368,441 336,378
368,801 336,738
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 248,092 253,867
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
Page 4