Company Registration No. NI063769 (Northern Ireland)
Modra Limited
Unaudited accounts
for the year ended 31 March 2025
Modra Limited
Statement of financial position
as at 31 March 2025
Tangible assets
2,841
2,435
Cash at bank and in hand
19,285
20,414
Creditors: amounts falling due within one year
(19,110)
(22,810)
Net current assets
2,275
937
Total assets less current liabilities
5,116
3,372
Creditors: amounts falling due after more than one year
-
(3,059)
Called up share capital
2
2
Profit and loss account
5,114
311
Shareholders' funds
5,116
313
For the year ending 31 March 2025 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 December 2025 and were signed on its behalf by
Gabi Godfrey
Director
Company Registration No. NI063769
Modra Limited
Notes to the Accounts
for the year ended 31 March 2025
Modra Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI063769. The registered office is The Office Dock, Unit 2, Channel Wharf, 21 Old Channel Road, Belfast, BT3 9DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises the invoice value of consultancy services supplied by the company, exclusive of trade discounts and value added tax. Revenue from a contract to provide consultancy services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
The director believes that the company Modra Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Modra Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,797
3,896
Taxes and social security
11,556
7,823
Other creditors
1,766
7,830
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
1 A Ordinary shares of £1 each
1
1
1 B Ordinary Shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).