MODA FOODS LIMITED

MODA FOODS LIMITED - Company Information

2020-09-012021-08-312021-08-31false09168874MODA FOODS LIMITED2022-05-2610710iso4217:GBPxbrli:pure091688742020-09-01091688742021-08-31091688742020-09-012021-08-31091688742019-09-01091688742020-08-31091688742019-09-012020-08-3109168874bus:SmallEntities2020-09-012021-08-3109168874bus:AuditExempt-NoAccountantsReport2020-09-012021-08-3109168874bus:FullAccounts2020-09-012021-08-3109168874bus:PrivateLimitedCompanyLtd2020-09-012021-08-3109168874core:WithinOneYear2021-08-3109168874core:AfterOneYear2021-08-3109168874core:WithinOneYear2020-08-3109168874core:AfterOneYear2020-08-3109168874core:ShareCapital2021-08-3109168874core:SharePremium2021-08-3109168874core:RevaluationReserve2021-08-3109168874core:OtherReservesSubtotal2021-08-3109168874core:RetainedEarningsAccumulatedLosses2021-08-3109168874core:ShareCapital2020-08-3109168874core:SharePremium2020-08-3109168874core:RevaluationReserve2020-08-3109168874core:OtherReservesSubtotal2020-08-3109168874core:RetainedEarningsAccumulatedLosses2020-08-3109168874core:LandBuildings2021-08-3109168874core:PlantMachinery2021-08-3109168874core:Vehicles2021-08-3109168874core:FurnitureFittings2021-08-3109168874core:OfficeEquipment2021-08-3109168874core:NetGoodwill2021-08-3109168874core:IntangibleAssetsOtherThanGoodwill2021-08-3109168874core:ListedExchangeTraded2021-08-3109168874core:UnlistedNon-exchangeTraded2021-08-3109168874core:LandBuildings2020-08-3109168874core:PlantMachinery2020-08-3109168874core:Vehicles2020-08-3109168874core:FurnitureFittings2020-08-3109168874core:OfficeEquipment2020-08-3109168874core:NetGoodwill2020-08-3109168874core:IntangibleAssetsOtherThanGoodwill2020-08-3109168874core:ListedExchangeTraded2020-08-3109168874core:UnlistedNon-exchangeTraded2020-08-3109168874core:LandBuildings2020-09-012021-08-3109168874core:PlantMachinery2020-09-012021-08-3109168874core:Vehicles2020-09-012021-08-3109168874core:FurnitureFittings2020-09-012021-08-3109168874core:OfficeEquipment2020-09-012021-08-3109168874core:NetGoodwill2020-09-012021-08-3109168874core:IntangibleAssetsOtherThanGoodwill2020-09-012021-08-3109168874core:ListedExchangeTraded2020-09-012021-08-3109168874core:UnlistedNon-exchangeTraded2020-09-012021-08-3109168874core:MoreThanFiveYears2020-09-012021-08-3109168874core:Non-currentFinancialInstruments2021-08-3109168874core:Non-currentFinancialInstruments2020-08-3109168874dpl:CostSales2020-09-012021-08-3109168874dpl:DistributionCosts2020-09-012021-08-3109168874dpl:AdministrativeExpenses2020-09-012021-08-3109168874core:LandBuildings2020-09-012021-08-3109168874core:PlantMachinery2020-09-012021-08-3109168874core:Vehicles2020-09-012021-08-3109168874core:FurnitureFittings2020-09-012021-08-3109168874core:OfficeEquipment2020-09-012021-08-3109168874core:NetGoodwill2020-09-012021-08-3109168874core:IntangibleAssetsOtherThanGoodwill2020-09-012021-08-3109168874dpl:GroupUndertakings2020-09-012021-08-3109168874dpl:ParticipatingInterests2020-09-012021-08-3109168874dpl:GroupUndertakingscore:ListedExchangeTraded2020-09-012021-08-3109168874core:ListedExchangeTraded2020-09-012021-08-3109168874dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-09-012021-08-3109168874core:UnlistedNon-exchangeTraded2020-09-012021-08-3109168874dpl:CostSales2019-09-012020-08-3109168874dpl:DistributionCosts2019-09-012020-08-3109168874dpl:AdministrativeExpenses2019-09-012020-08-3109168874core:LandBuildings2019-09-012020-08-3109168874core:PlantMachinery2019-09-012020-08-3109168874core:Vehicles2019-09-012020-08-3109168874core:FurnitureFittings2019-09-012020-08-3109168874core:OfficeEquipment2019-09-012020-08-3109168874core:NetGoodwill2019-09-012020-08-3109168874core:IntangibleAssetsOtherThanGoodwill2019-09-012020-08-3109168874dpl:GroupUndertakings2019-09-012020-08-3109168874dpl:ParticipatingInterests2019-09-012020-08-3109168874dpl:GroupUndertakingscore:ListedExchangeTraded2019-09-012020-08-3109168874core:ListedExchangeTraded2019-09-012020-08-3109168874dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-09-012020-08-3109168874core:UnlistedNon-exchangeTraded2019-09-012020-08-3109168874core:NetGoodwill2021-08-3109168874core:IntangibleAssetsOtherThanGoodwill2021-08-3109168874core:LandBuildings2021-08-3109168874core:PlantMachinery2021-08-3109168874core:Vehicles2021-08-3109168874core:FurnitureFittings2021-08-3109168874core:OfficeEquipment2021-08-3109168874core:AfterOneYear2021-08-3109168874core:WithinOneYear2021-08-3109168874core:ListedExchangeTraded2021-08-3109168874core:UnlistedNon-exchangeTraded2021-08-3109168874core:ShareCapital2021-08-3109168874core:SharePremium2021-08-3109168874core:RevaluationReserve2021-08-3109168874core:OtherReservesSubtotal2021-08-3109168874core:RetainedEarningsAccumulatedLosses2021-08-3109168874core:NetGoodwill2020-08-3109168874core:IntangibleAssetsOtherThanGoodwill2020-08-3109168874core:LandBuildings2020-08-3109168874core:PlantMachinery2020-08-3109168874core:Vehicles2020-08-3109168874core:FurnitureFittings2020-08-3109168874core:OfficeEquipment2020-08-3109168874core:AfterOneYear2020-08-3109168874core:WithinOneYear2020-08-3109168874core:Liste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MODA FOODS LIMITED

Registered Number
09168874
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 August 2021

MODA FOODS LIMITED

Company Information
for the year from 1 September 2020 to 31 August 2021


Directors	ABOUGHAZALA, Mohamed


Registered Address	169 Battersea High Street
	London
	SW11 3JS


Registered Number	09168874 (England and Wales)

MODA FOODS LIMITED

Statement of Financial Position
31 August 2021

	Notes	2021		2020
		£	£	£	£
Current assets
Stocks	6	15,000		12,000
Debtors	7	4,423		19,320
		19,423		31,320
Creditors amounts falling due within one year	8	(419,164)		(468,451)
Net current assets (liabilities)			(399,741)		(437,131)
Total assets less current liabilities			(399,741)		(437,131)
Creditors amounts falling due after one year	9		(27,187)		-
Net assets			(426,928)		(437,131)
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			(427,928)		(438,131)
Shareholders' funds			(426,928)		(437,131)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 26 May 2022, and are signed on its behalf by:

ABOUGHAZALA, Mohamed
Director
Registered Company No. 09168874

MODA FOODS LIMITED

Notes to the Financial Statements
for the year ended 31 August 2021

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

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	ACCOUNTING POLICIES

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Research and development policy
	Deferred research and development costs are reviewed annually, and where future benefits are deemed to have ceased or to be in doubt, the balance of any related research and development is written off to the income statement. Expenditure on product research and development is written off to the income statement in the year in which it is incurred. R&D tax credits are recognised on an accruals basis and are included as an income tax credit under current assets.

Research and development policy

Deferred research and development costs are reviewed annually, and where future benefits are
deemed to have ceased or to be in doubt, the balance of any related research and development is
written off to the income statement. Expenditure on product research and development is written off to
the income statement in the year in which it is incurred.
R&D tax credits are recognised on an accruals basis and are included as an income tax credit under
current assets.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Government grants and other government assistance policy
	Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Government grants and other government assistance policy

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
 
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Going concern
	The company continues to adopt the going concern basis in preparing its financial statements.

4.	EMPLOYEE INFORMATION


		2021		2020
	Average number of employees during the year	4		3

5.	PROPERTY, PLANT AND EQUIPMENT

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 September 20	142,359	67,466	314	210,139
At 31 August 21	142,359	67,466	314	210,139
Depreciation and impairment
At 01 September 20	142,359	67,466	314	210,139
At 31 August 21	142,359	67,466	314	210,139
Net book value
At 31 August 20	-	-	-	-

6.	STOCKS

	2021	2020
	£	£
Other stocks	15,000	12,000
Total	15,000	12,000

7.	DEBTORS

	2021	2020
	£	£
Trade debtors / trade receivables	2,646	995
Other debtors	1,777	-
Prepayments and accrued income	-	18,325
Total	4,423	19,320


	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.

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.

8.	CREDITORS WITHIN ONE YEAR

	2021	2020
	£	£
Trade creditors / trade payables	2,208	1,686
Bank borrowings and overdrafts	2,813	-
Taxation and social security	1,757	2,035
Other creditors	409,386	455,769
Accrued liabilities and deferred income	3,000	8,961
Total	419,164	468,451


	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.

9.	CREDITORS AFTER ONE YEAR

	2021	2020
	£	£
Bank borrowings and overdrafts	27,187	-
Total	27,187	-