The Modern Samurai Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13915413

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,059		12,071

			10,059		12,071
CURRENT ASSETS
Stocks	5	-		3,200
Debtors	6	30,561		22,626
Cash at bank and in hand		(352 )		1,787

		30,209		27,613
Creditors: Amounts Falling Due Within One Year	7	(40,359 )		(31,029 )

NET CURRENT ASSETS (LIABILITIES)			(10,150 )		(3,416 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(91 )		8,655

Creditors: Amounts Falling Due After More Than One Year	8		(136,000 )		(85,000 )

NET LIABILITIES			(136,091 )		(76,345 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(136,092 )		(76,346 )

SHAREHOLDERS' FUNDS			(136,091)		(76,345)

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The Modern Samurai Ltd

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 Profit and Loss Account.

On behalf of the board

Mr Michael Lee

Director

20/11/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The Modern Samurai Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13915413 . The registered office is 45-47 Cheapside, Spennymoor, DL16 6QF.

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. 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:

Plant & Machinery	20% Reducing balance
Fixtures & Fittings	20% Reducing balance

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 29 February 2024	2,307	15,076	17,383

As at 28 February 2025	2,307	15,076	17,383

Depreciation
As at 29 February 2024	705	4,607	5,312
Provided during the period	267	1,745	2,012

As at 28 February 2025	972	6,352	7,324

...CONTINUED

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The Modern Samurai Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

Net Book Value
As at 28 February 2025	1,335	8,724	10,059

As at 29 February 2024	1,602	10,469	12,071

5. Stocks

	2025	2024
	£	£
Stock	-	3,200

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,750	2,401
Rent Deposit	17,500	17,500
VAT	3,508	2,724
Net wages	802	-
Director's loan account	1	1

	30,561	22,626

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	18,591	8,776
M Lee Loan	17,340	17,340
Other taxes and social security	-	230
Net wages	-	3,763
Other creditors	3,508	-
Accruals and deferred income	920	920

	40,359	31,029

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

	2025	2024
	£	£
John Barnes loan	46,000	28,000
Asgard 2.0 Loan	90,000	57,000

	136,000	85,000

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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