Acorah Software Products - Accounts Production 16.1.200 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06417684 Mr Brendan Dooley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06417684 2023-03-31 06417684 2024-03-31 06417684 2023-04-01 2024-03-31 06417684 frs-core:CurrentFinancialInstruments 2024-03-31 06417684 frs-core:Non-currentFinancialInstruments 2024-03-31 06417684 frs-core:PlantMachinery 2024-03-31 06417684 frs-core:PlantMachinery 2023-04-01 2024-03-31 06417684 frs-core:PlantMachinery 2023-03-31 06417684 frs-core:ShareCapital 2024-03-31 06417684 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06417684 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06417684 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06417684 frs-bus:SmallEntities 2023-04-01 2024-03-31 06417684 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06417684 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06417684 frs-bus:Director1 2023-04-01 2024-03-31 06417684 frs-bus:Director1 2023-03-31 06417684 frs-bus:Director1 2024-03-31 06417684 frs-countries:EnglandWales 2023-04-01 2024-03-31 06417684 2022-03-31 06417684 2023-03-31 06417684 2022-04-01 2023-03-31 06417684 frs-core:CurrentFinancialInstruments 2023-03-31 06417684 frs-core:Non-currentFinancialInstruments 2023-03-31 06417684 frs-core:ShareCapital 2023-03-31 06417684 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06417684
Mode Projects Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06417684
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 585 731
585 731
CURRENT ASSETS
Debtors 5 65,138 100,009
Cash at bank and in hand - 5,258
65,138 105,267
Creditors: Amounts Falling Due Within One Year 6 (94,141 ) (88,925 )
NET CURRENT ASSETS (LIABILITIES) (29,003 ) 16,342
TOTAL ASSETS LESS CURRENT LIABILITIES (28,418 ) 17,073
Creditors: Amounts Falling Due After More Than One Year 7 (25,000 ) (28,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (111 ) (183 )
NET LIABILITIES (53,529 ) (11,443 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (53,629 ) (11,543 )
SHAREHOLDERS' FUNDS (53,529) (11,443)
Page 1
Page 2
For the year ending 31 March 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 his 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
Mr Brendan Dooley
Director
24 December 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mode Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06417684 . The registered office is 7 Christie Way, Christie Fields, Manchester, M21 7QY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity
2.2. Going Concern Disclosure
The director has assessed the company's financial performance for 2023, as well as its position at the year end, and concluded that it has access to enough financial resources to be able to settle its financial obligations as they fall due for at least twelve months from the date of approving the financial statements. The director has also agreed to provide financial support where required.
2.3. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Construction contracts
When the outcome of construction contracts can be estimated reliably, contract revenue and contract costs are recognised as revenue and expenses respectively by reference to the stage of completion at the end of the reporting period.
Reliable estimation of the outcome of construction contracts requires reliable estimates of the stage of completion, future costs and collectability of billings. The stage of completion is measured by surveys of work performed.
When the outcome of a construction contract cannot be estimated reliably, revenue is only recognised to the extent of contract costs incurred that it is probable will be recoverable.
When it is probable that the total contract costs will exceed total contract revenue on a construction contract, the expected loss shall be recognised as an expense immediately, with a corresponding provision for an onerous contract.
Revenue in respect of variations to contracts and incentive payments is recognised when it is probable it will be agreed by the customer.
2.4. 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:
Plant & Machinery 20% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Page 3
Page 4
2.6. Stocks and Work in Progress
The company recognises costs that relate to future activity on a construction contract as an asset if it is probable that the costs will be recovered.
Contract and speculative building work in progress is valued at cost or net realisable value, whichever is the lower. Cost for this purpose includes all direct costs as follows:- direct labour and materials, work done by subcontractors, hire of plant and equipment used on contract sites, and all overheads except those relating to administration. Net realisable value for this purpose is estimated selling value less cost to completion including selling costs. Work in progress is included within accrued income in debtors.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 1,327
As at 31 March 2024 1,327
Depreciation
As at 1 April 2023 596
Provided during the period 146
As at 31 March 2024 742
Net Book Value
As at 31 March 2024 585
As at 1 April 2023 731
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 65,138 100,009
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,332 23,089
Bank loans and overdrafts 10,049 10,000
Amounts owed to group undertakings 57,135 27,069
Other creditors 8,146 6,644
Taxation and social security 13,479 22,123
94,141 88,925
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,000 28,333
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Brendan Dooley 38,254 3,549 4,583 - 37,220
The above loan is unsecured, interest free and repayable on demand.
Page 5