Company Registration No. 08099370 (England and Wales)
Modus Living Limited
Unaudited accounts
for the year ended 31 March 2025
Modus Living Limited
Unaudited accounts
Contents
Modus Living Limited
Company Information
for the year ended 31 March 2025
Directors
D Sanders
M Sanders
Company Number
08099370 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Modus Living Limited
Statement of financial position
as at 31 March 2025
Tangible assets
10,381
12,425
Cash at bank and in hand
451,847
494,374
Creditors: amounts falling due within one year
(546,417)
(525,631)
Net current (liabilities)/assets
(4,273)
27,545
Total assets less current liabilities
6,108
39,970
Creditors: amounts falling due after more than one year
(1,667)
(11,667)
Called up share capital
100
100
Profit and loss account
4,341
28,203
Shareholders' funds
4,441
28,303
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 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 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 of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by
D Sanders
Director
Company Registration No. 08099370
Modus Living Limited
Notes to the Accounts
for the year ended 31 March 2025
Modus Living Limited is a private company, limited by shares, registered in England and Wales, registration number 08099370. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
Over 3 years
Motor vehicles
20% on reducing value
Stock have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Modus Living Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
16,882
12,606
29,488
At 31 March 2025
16,882
14,374
31,256
At 1 April 2024
5,695
11,368
17,063
Charge for the year
2,237
1,575
3,812
At 31 March 2025
7,932
12,943
20,875
At 31 March 2025
8,950
1,431
10,381
At 31 March 2024
11,187
1,238
12,425
Finished goods
2,935
2,415
Amounts falling due within one year
Trade debtors
55,472
18,299
Accrued income and prepayments
4,682
6,033
Other debtors
27,208
32,055
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Trade creditors
43,436
36,994
Taxes and social security
52,877
25,718
Other creditors
416,928
412,421
Loans from directors
547
33,189
8
Creditors: amounts falling due after more than one year
2025
2024
Modus Living Limited
Notes to the Accounts
for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).