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REGISTERED NUMBER: 07820852












MODERN DEVELOPMENT SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






MODERN DEVELOPMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07820852)

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 3


MODERN DEVELOPMENT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr C Bailey





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 07820852





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

MODERN DEVELOPMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07820852)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 643 295

CURRENT ASSETS
Debtors 5 115,194 79,410
Cash at bank 2,409 4,628
117,603 84,038
CREDITORS
Amounts falling due within one year 6 32,922 22,310
NET CURRENT ASSETS 84,681 61,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,324

62,023

PROVISIONS FOR LIABILITIES 161 220
NET ASSETS 85,163 61,803

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 85,063 61,703
SHAREHOLDERS' FUNDS 85,163 61,803

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 director acknowledges his 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 director and authorised for issue on 26 June 2025 and were signed by:



Mr C Bailey - Director


MODERN DEVELOPMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07820852)

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


1. STATUTORY INFORMATION

Modern Development Solutions Limited is a private company, limited by shares , registered in Not specified/Other. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MODERN DEVELOPMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07820852)

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


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2023 18,708
Additions 803
At 31 October 2024 19,511
DEPRECIATION
At 1 November 2023 18,413
Charge for year 455
At 31 October 2024 18,868
NET BOOK VALUE
At 31 October 2024 643
At 31 October 2023 295

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 13,249 13,232
Other debtors 101,945 66,178
115,194 79,410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 5 5,632
Taxation and social security 31,347 15,278
Other creditors 1,570 1,400
32,922 22,310

MODERN DEVELOPMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07820852)

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


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr C Bailey
Balance outstanding at start of year (130 ) (17,303 )
Amounts advanced 226,347 74,485
Amounts repaid (184,774 ) (57,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,443 (130 )

Overdrawn balance was repaid within 9 months of the yearend.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Bailey.