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REGISTERED NUMBER: 07084398 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MODUX LIMITED

MODUX LIMITED (REGISTERED NUMBER: 07084398)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MODUX LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: D Rigby
D Rigby





REGISTERED OFFICE: 10 London Mews
LONDON
W2 1HY





REGISTERED NUMBER: 07084398 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

MODUX LIMITED (REGISTERED NUMBER: 07084398)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,016 30,092
Investments 5 1,000 1,000
23,016 31,092

CURRENT ASSETS
Debtors 6 99,636 770,343
Cash at bank 1,861,757 1,366,970
1,961,393 2,137,313
CREDITORS
Amounts falling due within one year 7 220,581 501,641
NET CURRENT ASSETS 1,740,812 1,635,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,763,828

1,666,764

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,763,825 1,666,761
SHAREHOLDERS' FUNDS 1,763,828 1,666,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:



D Rigby - Director


MODUX LIMITED (REGISTERED NUMBER: 07084398)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Modux Limited 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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% reducing balance
Computer equipment - 33.33% straight line

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors, trade creditors, other debtors and other creditors.

The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current tax only. 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 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.

Pension costs and other post-retirement benefits
The company operates a work place pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

MODUX LIMITED (REGISTERED NUMBER: 07084398)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 49,573 10,829 60,402
DEPRECIATION
At 1 December 2022 21,688 8,622 30,310
Charge for year 6,972 1,104 8,076
At 30 November 2023 28,660 9,726 38,386
NET BOOK VALUE
At 30 November 2023 20,913 1,103 22,016
At 30 November 2022 27,885 2,207 30,092

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 1,000
NET BOOK VALUE
At 30 November 2023 1,000
At 30 November 2022 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 43,072 770,343
Other debtors 56,564 -
99,636 770,343

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 25,843 56,281
Amounts owed to group undertakings 1,000 1,000
Taxation and social security 118,840 331,207
Other creditors 74,898 113,153
220,581 501,641

MODUX LIMITED (REGISTERED NUMBER: 07084398)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

8. OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £38,450.

9. RELATED PARTY DISCLOSURES

As at 30 November 2023 the company owed the Directors £46,000 (2022: £98,000).

10. RESERVES

Dividends totalling £46,000 (2022 £138,000) were paid during the year.

The only other movement in retained earnings is the profit for the year.