MODALEO COLLECTIONS LTD

Company Registration Number:
11256210 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

MODALEO COLLECTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

MODALEO COLLECTIONS LTD

Company Information

for the Period Ended 31 March 2024




Registered office: 72 Wimbledon Stadium Business Centre,
Rosemary Road
London
England
SW17 0BA
Company Registration Number: 11256210 (England and Wales)

MODALEO COLLECTIONS LTD

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 36,833 5,073
Debtors: 4 14,382 7,396
Cash at bank and in hand: 18,157 30,611
Total current assets: 69,372 43,080
Creditors: amounts falling due within one year: 5 ( 62,228 ) ( 36,896 )
Net current assets (liabilities): 7,144 6,184
Total assets less current liabilities: 7,144 6,184
Total net assets (liabilities): 7,144 6,184

The notes form part of these financial statements

MODALEO COLLECTIONS LTD

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 7,143 6,183
Shareholders funds: 7,144 6,184

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 6 December 2024
And Signed On Behalf Of The Board By:

Name: Syed Aamir Zaidi
Status: Director

The notes form part of these financial statements

MODALEO COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Statutory information Modaleo Collections Ltd is a private company, limited by shares, registered in England and Wales, registration number 11256210. The registered office is 72 Wimbledon Stadium Business Centre, Rosemary Road, London, SW17 0BA. Accounting policies The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling. Inventories Inventories Inventory has been valued at lower of cost and net realisable value. 2024 2023 £ £ Finished goods 36,833 5,073

MODALEO COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 3

MODALEO COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

MODALEO COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 4. Debtors

    2024 2023
    £ £
    Trade debtors 14,382 7,396

    Total 14,382 7,396

MODALEO COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year
2024 2023
£ £
VAT 829 1,464
PAYE 149 -
Other creditors 61,250 35,432
Total 62,228 36,896

MODALEO COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.1.Related party disclosures

Name of related party: S A Zaidi
Description of relationship:
Director
Description of the transaction:
As at the balance sheet date, the company owed £59,012 (2022: £33,403) to it's director.
Balance at 01 April 2023 33,403
Balance at 31 March 2024 59,012