REGISTERED NUMBER: 02572890 (England and Wales)

Mode Information Limited

Abridged Audited Financial Statements

for the Year Ended 31 December 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Y H H Menard

REGISTERED OFFICE:

3-8 Bolsover Street

London

W1W 6AB

REGISTERED NUMBER:

02572890 (England and Wales)

SENIOR STATUTORY AUDITOR:

Altan Kemal FCA FCCA

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

FIXED ASSETS

Property, plant and equipment

4

-

11

CURRENT ASSETS

Inventories

56,036

42,337

Debtors

5

144,015

243,097

Cash at bank and in hand

48,556

47,750

248,607

333,184

CREDITORS

Amounts falling due within one year

6

497,837

482,178

NET CURRENT LIABILITIES

(249,230

)

(148,994

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(249,230

)

(148,983

)

CREDITORS

Amounts falling due after more than one year

7

27,660

51,831

NET LIABILITIES

(276,890

)

(200,814

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(276,990

)

(200,914

)

SHAREHOLDERS' FUNDS

(276,890

)

(200,814

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

Mr Y H H Menard - Director

1.	STATUTORY INFORMATION

Mode Information Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the customer takes delivery of their order and is derived from the ordinary activities of the business. All income is from their UK operations.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

3% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost of stock is on first in first out basis and net realisable value is the sales value of the stock less any additional cost to sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted due to tax losses.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company is dependent on the financial support from the parent company in Germany. The director expects that this support will continue. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2023

40,955

1,634

42,589

Disposals

(40,955

)

(1,634

)

(42,589

)

At 31 December 2023

-

-

-

DEPRECIATION

At 1 January 2023

40,949

1,629

42,578

Eliminated on disposal

(40,949

)

(1,629

)

(42,578

)

At 31 December 2023

-

-

-

NET BOOK VALUE

At 31 December 2023

-

-

-

At 31 December 2022

6

5

11

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

67,409

134,502

Other debtors

76,606

108,595

144,015

243,097

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

395,603

379,787

Amounts owed to group undertakings

31,934

31,504

Taxation and social security

817

384

Other creditors

69,483

70,503

497,837

482,178

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Amounts owed to group undertakings

27,660

51,831

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 January 2023

(200,914

)

Deficit for the year

(76,076

)

At 31 December 2023

(276,990

)

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

11.	OTHER FINANCIAL COMMITMENTS

Under a lease agreement for the company's premises the company is to pay rent of £8,925 per quarter. This is a virtual office agreement.

12.	RELATED PARTY DISCLOSURES

Entity with control

Mode Information GMBH

The following transactions took place during the year under review between this company and its parent company:

2023(£)

2022(£)

Purchases & expenses

165,716

204,404

Commission received

4,242

3,429

Trade creditors balance

383,850

377,123

Long term loan balance

59,595

83,335

Interest charged on long term loan

4,663

1,822

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mode Information GMBH. A company incorporated in Germany.