Registered number
13034063
Modo Money Limited
Filleted Accounts
30 November 2024
Modo Money Limited
Registered number: 13034063
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,474 1,842
Current assets
Cash at bank and in hand - 93
Creditors: amounts falling due within one year 4 (90,739) (87,534)
Net current liabilities (90,739) (87,441)
Total assets less current liabilities (89,265) (85,599)
Provisions for liabilities - (350)
Net liabilities (89,265) (85,949)
Capital and reserves
Called up share capital 100 100
Profit and loss account (89,365) (86,049)
Shareholder's funds (89,265) (85,949)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Vasilj
Director
Approved by the board on 18 August 2025
Modo Money Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Going Concern
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and equipment 20% RBM
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 2,885
At 30 November 2024 2,885
Depreciation
At 1 December 2023 1,043
Charge for the year 368
At 30 November 2024 1,411
Net book value
At 30 November 2024 1,474
At 30 November 2023 1,842
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4 -
Trade creditors 3,240 35,917
Other creditors 87,495 51,617
90,739 87,534
5 Other information
Modo Money Limited is a private company limited by shares and incorporated in England. Its registered office is:
167-169
Great Portland Street, 5th Floor
London
England
 W1W 5PF
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