N V MODHWADIA LIMITED

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 07480563

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		282,000		282,000
Tangible Assets	5		125,444		138,326

			407,444		420,326
CURRENT ASSETS
Stocks	6	58,500		61,500
Debtors	7	174,650		181,584
Cash at bank and in hand		26,507		15,776

		259,657		258,860
Creditors: Amounts Falling Due Within One Year	8	(393,011 )		(377,776 )

NET CURRENT ASSETS (LIABILITIES)			(133,354 )		(118,916 )

TOTAL ASSETS LESS CURRENT LIABILITIES			274,090		301,410

Creditors: Amounts Falling Due After More Than One Year	9		(132,146 )		(189,754 )

NET ASSETS			141,944		111,656

CAPITAL AND RESERVES
Called up share capital	10		100		100
Income Statement			141,844		111,556

SHAREHOLDERS' FUNDS			141,944		111,656

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N V MODHWADIA LIMITED

Statement of Financial Position (continued)

As At 31 December 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr NEELESH MODHWADIA Director	Mrs JAYA MODHWADIA Director
26/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

N V MODHWADIA LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07480563 . The registered office is High Street, Guilsborough, Northampton, NN6 8PU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Improvement to property	Not depreciated
Fixtures & Fittings	15
Computer Equipment	25

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Purchase of new business

Company has taken new business of Badwell Ash, Village Store, address is The Street, Badwell Ash, Bury St Edmunds, IP31 3DG on dated 01/05/2023.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 10)

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N V MODHWADIA LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	282,000

As at 31 December 2024	282,000

Net Book Value
As at 31 December 2024	282,000

As at 1 January 2024	282,000

5. Tangible Assets

	Land & Property
	Improvement to property	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	36,000	122,376	2,100	160,476
Additions	-	3,024	-	3,024

As at 31 December 2024	36,000	125,400	2,100	163,500

Depreciation
As at 1 January 2024	-	21,083	1,067	22,150
Provided during the period	-	15,648	258	15,906

As at 31 December 2024	-	36,731	1,325	38,056

Net Book Value
As at 31 December 2024	36,000	88,669	775	125,444

As at 1 January 2024	36,000	101,293	1,033	138,326

6. Stocks

	2024	2023
	£	£
Finished goods	58,500	61,500

7. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	174,650	181,584

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N V MODHWADIA LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	54,204	35,465
Other creditors	331,579	339,385
Taxation and social security	7,228	2,926

	393,011	377,776

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
HSBC loan account -81502506	32,148	45,187
Other creditors	99,998	144,567

	132,146	189,754

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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