Company registration number 10382521 (England and Wales)
MODERN LINE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
92 Station Road
Clacton on Sea
Essex
CO15 1SG
MODERN LINE LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 9
MODERN LINE LTD
COMPANY INFORMATION
- 1 -
Directors
Mr N Fowler
Mr J Carter
Mr S Harding
(Appointed 4 July 2025)
Company number
10382521
Registered office
37a Clacton Road
St Osyth
Clacton on Sea
Essex
CO16 8PA
Accountants
TC Group
92 Station Road
Clacton on Sea
Essex
CO15 1SG
MODERN LINE LTD
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
50,696
55,921
Current assets
Debtors
4
526,202
243,297
Cash at bank and in hand
175,932
451,621
702,134
694,918
Creditors: amounts falling due within one year
5
(357,325)
(228,670)
Net current assets
344,809
466,248
Total assets less current liabilities
395,505
522,169
Creditors: amounts falling due after more than one year
6
-
0
(7,404)
Provisions for liabilities
(10,859)
(9,155)
Net assets
384,646
505,610
Capital and reserves
Called up share capital
7
3
2
Share premium account
129,999
-
0
Profit and loss reserves
254,644
505,608
Total equity
384,646
505,610
MODERN LINE LTD
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025
30 September 2025
- 3 -

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 March 2026 and are signed on its behalf by:
Mr N Fowler
Director
Company registration number 10382521 (England and Wales)
MODERN LINE LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 October 2023
2
-
0
349,383
349,385
Year ended 30 September 2024:
Profit and total comprehensive income
-
-
181,425
181,425
Dividends
-
-
(25,200)
(25,200)
Balance at 30 September 2024
2
-
0
505,608
505,610
Year ended 30 September 2025:
Profit and total comprehensive income
-
-
399,865
399,865
Issue of share capital
7
1
129,999
-
130,000
Dividends
-
-
(650,829)
(650,829)
Balance at 30 September 2025
3
129,999
254,644
384,646
MODERN LINE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
1
Accounting policies
Company information

Modern Line Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 37a Clacton Road, St Osyth, Clacton on Sea, Essex, CO16 8PA.

1.1
Accounting convention

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
25% reducing balance
Plant and equipment
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance
MODERN LINE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 6 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MODERN LINE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
8
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2024
10,629
72,566
83,195
Additions
-
0
10,241
10,241
At 30 September 2025
10,629
82,807
93,436
Depreciation and impairment
At 1 October 2024
3,820
23,454
27,274
Depreciation charged in the year
1,702
13,764
15,466
At 30 September 2025
5,522
37,218
42,740
Carrying amount
At 30 September 2025
5,107
45,589
50,696
At 30 September 2024
6,809
49,112
55,921
MODERN LINE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
279,684
31,809
Other debtors
246,518
211,488
526,202
243,297
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
7,404
10,000
Trade creditors
133,125
130,733
Taxation and social security
164,882
65,309
Other creditors
51,914
22,628
357,325
228,670
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
7,404
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
3
2
3
2

During the period the company alloted 1 Ordinary £1 share for the consideration of £130,000.

MODERN LINE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 9 -
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
58,153
51,851
9
Directors' transactions

During the year the companies controlled by the director s of the company w ere advanced £184,378 by the company. At the balance sheet date the amount remaining outstanding was £118,997.

2025-09-30 2024-10-01 false false false 17 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr N Fowler Mr J Carter Mr S Harding 10382521 2024-10-01 2025-09-30 10382521 bus:Director1 2024-10-01 2025-09-30 10382521 bus:Director2 2024-10-01 2025-09-30 10382521 bus:Director3 2024-10-01 2025-09-30 10382521 bus:RegisteredOffice 2024-10-01 2025-09-30 10382521 2025-09-30 10382521 2024-09-30 10382521 core:LandBuildings 2025-09-30 10382521 core:OtherPropertyPlantEquipment 2025-09-30 10382521 core:LandBuildings 2024-09-30 10382521 core:OtherPropertyPlantEquipment 2024-09-30 10382521 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 10382521 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10382521 core:Non-currentFinancialInstruments core:AfterOneYear 2025-09-30 10382521 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 10382521 core:CurrentFinancialInstruments 2025-09-30 10382521 core:CurrentFinancialInstruments 2024-09-30 10382521 core:ShareCapital 2025-09-30 10382521 core:ShareCapital 2024-09-30 10382521 core:SharePremium 2025-09-30 10382521 core:SharePremium 2024-09-30 10382521 core:RetainedEarningsAccumulatedLosses 2025-09-30 10382521 core:RetainedEarningsAccumulatedLosses 2024-09-30 10382521 core:ShareCapital 2023-09-30 10382521 core:SharePremium 2023-09-30 10382521 core:RetainedEarningsAccumulatedLosses 2023-09-30 10382521 core:ShareCapitalOrdinaryShareClass1 2025-09-30 10382521 core:ShareCapitalOrdinaryShareClass1 2024-09-30 10382521 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 10382521 2023-10-01 2024-09-30 10382521 core:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 10382521 core:ShareCapital 2024-10-01 2025-09-30 10382521 core:SharePremium 2024-10-01 2025-09-30 10382521 core:LandBuildings core:LongLeaseholdAssets 2024-10-01 2025-09-30 10382521 core:PlantMachinery 2024-10-01 2025-09-30 10382521 core:ComputerEquipment 2024-10-01 2025-09-30 10382521 core:MotorVehicles 2024-10-01 2025-09-30 10382521 core:LandBuildings 2024-09-30 10382521 core:OtherPropertyPlantEquipment 2024-09-30 10382521 2024-09-30 10382521 core:LandBuildings 2024-10-01 2025-09-30 10382521 core:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 10382521 core:Non-currentFinancialInstruments 2025-09-30 10382521 core:Non-currentFinancialInstruments 2024-09-30 10382521 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 10382521 bus:OrdinaryShareClass1 2025-09-30 10382521 bus:OrdinaryShareClass1 2024-09-30 10382521 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 10382521 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 10382521 bus:FRS102 2024-10-01 2025-09-30 10382521 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 10382521 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP