Modern Shows Limited - Filleted accounts

Registered number

06329230

Modern Shows Limited

Filleted Accounts

31 March 2025

Modern Shows Limited
Registered number:		06329230
Balance Sheet
as at 31 March 2025

	Notes	2025			2024
£			£	£		£
Fixed assets
Tangible assets	5		332			1,233

Current assets
Debtors	6	8,082			11,060
Cash at bank and in hand		18,391			16,676
		26,473			27,736

Creditors: amounts falling due within one year	7	(26,501)			(27,100)

Net current (liabilities)/assets			(28)			636

Net assets			304			1,869

Capital and reserves
Called up share capital			100			100
Profit and loss account			204			1,769

Shareholders' funds			304			1,869

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Petra Hedda Ingrid Curtis
Director
Approved by the board on 30 December 2025

Modern Shows Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance
	Computer equipment			33.3% Straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.






	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Judgements and key sources of estimation uncertainty

	In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.


3	Employees					2025		2024
Number							Number
	Average number of persons employed by the company					2		2


4	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							50,000
	At 31 March 2025							50,000

	Amortisation
	At 1 April 2024							50,000
	At 31 March 2025							50,000

	Net book value
	At 31 March 2025							-

	Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.


5	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2024			5,362		13,774		19,136
	At 31 March 2025			5,362		13,774		19,136

	Depreciation
	At 1 April 2024			4,920		12,983		17,903
	Charge for the year			110		791		901
	At 31 March 2025			5,030		13,774		18,804

	Net book value
	At 31 March 2025			332		-		332
	At 31 March 2024			442		791		1,233


6	Debtors					2025		2024
£							£

	Trade debtors					7,178		10,222
	Other debtors					904		838
						8,082		11,060


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Accruals					2,120		2,000
	Bank loans and overdrafts					-		61
	Trade creditors					1,537		2,972
	Other taxation and social security costs					10,444		6,667
	Corporation tax					12,099		10,467
	Director's current account					301		4,933
						26,501		27,100


8	Called up share capital	2025		2024		2025		2024
	Ordinary share capital	Number	Number		£		£
	Issued and fully paid
	Ordinary shares of £1 each	100		100		100		100


						100		100


9	Related party transactions

	The directors operate loan accounts with the company on an interest free basis. At the beginning of the year the directors were owed £4,6933. At the end of the year the directors were owed £301 to the company.


10	Other information

	Modern Shows Limited is a private company limited by shares and incorporated in England. Its registered office is:
	25 Lymer Avenue
	London
	England
	SE19 1LU