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Registered Number: 14439033


 

 

 

MODGEN LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 October 2024.
Principal activities
Principal activity of the company during the financial period was of Retail sale via mail order houses or via Internet.
Director
The director who served the company throughout the year was as follows:
Muqadus ARSHAD
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Muqadus ARSHAD
Director

Date approved: 11 September 2025
1
 
 		 Notes
 		 2024
£
Fixed assets    
Intangible fixed assets 3 170 
170 
Current assets    
Debtors 4 3,000 
Cash at bank and in hand 6,916 
9,916 
Creditors: amount falling due within one year 5 (25)
Net current assets 9,891 
 
Total assets less current liabilities 10,061 
Creditors: amount falling due after more than one year 6 (7,809)
Net assets 2,252 
 

Capital and reserves 		   
Profit and loss account 2,252 
Shareholders' funds 2,252 
 


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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 financial statements were approved by the director on 11 September 2025 and were signed by:


-------------------------------
Muqadus ARSHAD
Director
2
General Information
MODGEN LTD is a private company, limited by shares, registered in , registration number 14439033, registration address MODGEN LTD OFFICE 6629, 321-323 HIGH ROAD CHADWELL HEATH, RM6 6AX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 0.
3.

Intangible fixed assets

Cost Trade Mark   Total
  £   £
At 01 November 2023 -    - 
Additions 170    170 
Disposals -    - 
At 31 October 2024 170    170 
Amortisation
At 01 November 2023 -    - 
Charge for year -    - 
On disposals -    - 
At 31 October 2024 -    - 
Net book values
At 31 October 2024 170    170 
At 31 October 2023 -    - 


4.

Debtors: amounts falling due after one year

2024
£
Other Debtors 3,000 
3,000 

5.

Creditors: amount falling due within one year

2024
£
CAPITALONTAP 25 
25 

6.

Creditors: amount falling due after more than one year

2024
£
Accrued Expenses 400 
Other Creditors 2,500 
Directors' Loan Accounts 4,909 
7,809 

3