Modern-Expo UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09692376

MODERN-EXPO UK LIMITED

FILLETED FINANCIAL STATEMENTS

31 December 2025

MODERN-EXPO UK LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		4,949		797

CURRENT ASSETS

Stocks		42,592	–
Debtors	7	6,691,663	4,157,633
Cash at bank and in hand		3,025,863	831,982
		------------	------------
		9,760,118	4,989,615

CREDITORS: amounts falling due within one year	8	8,347,019		3,899,511
		------------		------------
NET CURRENT ASSETS			1,413,099		1,090,104
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,418,048		1,090,901
			------------		------------
NET ASSETS			1,418,048		1,090,901
			------------		------------

CAPITAL AND RESERVES

Called up share capital fully paid	90,000	90,000
Profit and loss account	1,328,048	1,000,901
	------------	------------
SHAREHOLDERS FUNDS	1,418,048	1,090,901
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The director acknowledges his 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 were approved by the board of directors and authorised for issue on 10 June 2026 , and are signed on behalf of the board by:

Mr V Matviiuk
Director

Company registration number: 09692376

MODERN-EXPO UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

On 24 February 2022, Russia began its invasion into Ukraine using direct military force and this has led to an intense armed conflict in Ukraine, which, as at the date of the approval of these financial statements is still ongoing. Although the company has managed to continue its operations, the war continues to pose a threat to the group company responsible for manufacturing operations, located within Ukraine and represents a material uncertainty in terms of the company's ability to continue as a going concern. The material uncertainty remains as many of the factors are outside of the company's control, with the duration and full impact of the war unable to be predicted at this point of time. Whilst the company has successfully managed to procure all its key consumables, such as steel, the risk of a potential disruption to the required supplies, remains. The group company which manufactures the goods, is located out of the western city of Lutsk. Due to the city's location, it has not been involved in direct military conflict, but this remains a risk. Should the area surrounding the Ukrainian company's operations become a focal point of the armed conflict, there would be significant risk posed to the safety of the Ukrainian company's workforce, and any potential impact on the company's operations and trade is unable to be predicted. Due to the continued operations of both the company and the fellow Ukrainian subsidiary and lack of impact to date, the director has prepared the Financial Statements on a going concern basis, however they recognise that a material uncertainty exists due to the issues described above.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on delivery of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 5 (2024: 1 ).

5. CONTINGENT LIABILITIES

At the year end the Company had been notified of a potential claim, which the director considers unlikely to be paid. The liability is yet to be determined, if any, and combined with the director assessment it has therefore not been recognised as a liability at the year end. It is noted at this stage that the total claim value is not expected to exceed £394,045.

6. TANGIBLE ASSETS

	Computer equipment
	£
Cost
At 1 January 2025	1,103
Additions	5,025
	-------
At 31 December 2025	6,128
	-------
Depreciation
At 1 January 2025	306
Charge for the year	873
	-------
At 31 December 2025	1,179
	-------
Carrying amount
At 31 December 2025	4,949
	-------
At 31 December 2024	797
	-------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	4,166,551	1,637,920
Amounts owed by group undertakings	2,374,780	2,430,320
Other debtors	150,332	89,393
	------------	------------
	6,691,663	4,157,633
	------------	------------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	128,881	–
Amounts owed to group undertakings	7,080,378	2,664,712
Corporation tax	–	355,936
Social security and other taxes	401,652	213,587
Other creditors	736,108	665,276
	------------	------------
	8,347,019	3,899,511
	------------	------------

9. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	85,311	10,380
Later than 1 year and not later than 5 years	70,913	15,570
	---------	--------
	156,224	25,950
	---------	--------

10. SUMMARY AUDIT OPINION

The auditor's report dated 10 June 2026 was unqualified .

The senior statutory auditor was Douglas Parker BSc FCA , for and on behalf of Meadows & Co Limited .

11. RELATED PARTY TRANSACTIONS

The company has participated in transactions with related parties and has exercised the exemption allowed under FRS 102 not to disclose transactions with entities, 100% of whose voting rights are controlled within the group.

12. PARENT UNDERTAKING

The parent company of the smallest group that prepares consolidated accounts which includes the position and results of the company at 31 December 2025 is Coastrock Holdings Ltd , whose registered office is Thasou, 3, Dadlaw Business Centre Neo, Office 313, 1087, Nicosia, Cyprus.