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REGISTERED NUMBER: 10500849 (England and Wales)


Financial Statements for the Year Ended 31 October 2024

for

Moderno Ltd

Moderno Ltd (Registered number: 10500849)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Moderno Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr Joao Paulo De Jesus Gouveia
Mrs Ana Odete Garces Moderno Gouve





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
West Midlands
Coventry
CV6 4AD





REGISTERED NUMBER: 10500849 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Moderno Ltd (Registered number: 10500849)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,866 1,238

CURRENT ASSETS
Inventories 10,570 8,780
Debtors 5 247 209
Cash at bank and in hand 15,178 8,440
25,995 17,429
CREDITORS
Amounts falling due within one year 6 55,308 22,928
NET CURRENT LIABILITIES (29,313 ) (5,499 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,447

)

(4,261

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (27,547 ) (4,361 )
SHAREHOLDERS' FUNDS (27,447 ) (4,261 )

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

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

Moderno Ltd (Registered number: 10500849)

Statement of Financial Position - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





Mrs Ana Odete Garces Moderno Gouve - Director


Moderno Ltd (Registered number: 10500849)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Moderno Ltd 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 net sales of invoiced goods and services excluding Value Added Tax.

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 - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2023 6,141
Additions 1,250
At 31 October 2024 7,391
DEPRECIATION
At 1 November 2023 4,903
Charge for year 622
At 31 October 2024 5,525
NET BOOK VALUE
At 31 October 2024 1,866
At 31 October 2023 1,238

Moderno Ltd (Registered number: 10500849)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 247 209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 3,242 1,704
Taxation and social security 7,691 7,214
Other creditors 44,375 14,010
55,308 22,928

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100