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REGISTERED NUMBER: 05454623 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MODERO LIMITED

MODERO LIMITED (REGISTERED NUMBER: 05454623)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MODERO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr D N Haime
Mrs A Haime
Mr D James





SECRETARY: Mr D N Haime





REGISTERED OFFICE: 123 Wellington Road South
Stockport
Cheshire
SK1 3TH





REGISTERED NUMBER: 05454623 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

MODERO LIMITED (REGISTERED NUMBER: 05454623)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,184 155,441

CURRENT ASSETS
Debtors 5 81,447 100,719
Cash at bank 29,808 46,537
111,255 147,256
CREDITORS
Amounts falling due within one year 6 92,993 83,137
NET CURRENT ASSETS 18,262 64,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,446

219,560

CREDITORS
Amounts falling due after more than one
year

7

(122,585

)

(141,832

)

PROVISIONS FOR LIABILITIES 9 (29,866 ) (29,247 )
NET ASSETS 995 48,481

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 895 48,381
SHAREHOLDERS' FUNDS 995 48,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

MODERO LIMITED (REGISTERED NUMBER: 05454623)

BALANCE SHEET - continued
31 MAY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





Mr D N Haime - Director


MODERO LIMITED (REGISTERED NUMBER: 05454623)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Modero 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 represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

MODERO LIMITED (REGISTERED NUMBER: 05454623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 226,201
Additions 4,719
At 31 May 2024 230,920
DEPRECIATION
At 1 June 2023 56,320
Charge for year 39,416
At 31 May 2024 95,736
NET BOOK VALUE
At 31 May 2024 135,184
At 31 May 2023 169,881

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 9,477 61,907
Other debtors 71,970 38,812
81,447 100,719

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 5,414 5,280
Hire purchase contracts 14,127 11,338
Trade creditors 2,289 2,009
Taxation and social security 50,623 44,434
Other creditors 20,540 20,076
92,993 83,137

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 29,186 34,600
Hire purchase contracts 93,399 107,232
122,585 141,832

MODERO LIMITED (REGISTERED NUMBER: 05454623)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31/5/24 31/5/23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,128 12,110

8. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Hire purchase contracts 107,526 118,570

The hire purchase liabilities are secured on the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
31/5/24 31/5/23
£    £   
Deferred tax
Capital allowances in excess of depreciation 29,866 29,247

Deferred
tax
£   
Balance at 1 June 2023 29,247
Charge to Statement of Income and Retained Earnings during year 619
Balance at 31 May 2024 29,866

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
100 Ordinary £1 100 100