MODEX_TRADING_LIMITED - Accounts

MODEX TRADING LIMITED - Company Information

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Company Registration No. 07499973 (England and Wales)

MODEX TRADING LIMITED

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2015

MODEX TRADING LIMITED

COMPANY INFORMATION

Director

D Sanger

Company number

07499973

Registered office

4th Floor

54 Conduit Street

London

W1S 2YY

MODEX TRADING LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 JANUARY 2015

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The director presents her report and financial statements for the year ended 31 January 2015.

Director

The following director has held office since 1 February 2014:

D Sanger

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

D Sanger

Director

1 October 2015

MODEX TRADING LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 JANUARY 2015

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2015

2014

Notes

Turnover

3,603

4,779

Profit on ordinary activities before taxation

3,603

4,779

Tax on profit on ordinary activities

(721)

(956)

Profit for the year

2,882

3,823

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

MODEX TRADING LIMITED

BALANCE SHEET

AS AT

31 JANUARY 2015

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2015

2014

Notes

Current assets

Debtors

14,177

11,530

Cash at bank and in hand

100

14,277

11,630

Creditors: amounts falling due within one year

(721)

(956)

Total assets less current liabilities

13,556

10,674

Capital and reserves

Called up share capital

100

Reserves

10,574

6,751

Profit and loss account

2,882

3,823

Shareholders' funds

13,556

10,674

For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

Approved by the Board and authorised for issue on 1 October 2015

D Sanger

Director

Company Registration No. 07499973

MODEX TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2015

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Comparative figures have been restated to reflect FRS5 Para G61 & G68, with no effect to the Tax liability recognized in the prior period.

During the period company acted as an agent for principal in transactions.

1.3

Turnover

The turnover is recognized under FRS5 Para G61 and G68.

Turnover is as per terms agreed in agency contract.

Taxation

2015

2014

Domestic current year tax

U.K. corporation tax

721

956

Total current tax

721

956

Factors affecting the tax charge for the year

Profit on ordinary activities before taxation

3,603

4,779

Profit on ordinary activities before taxation multiplied by standard rate of UK corporation tax of 20.00% (2014 - 20.00%)

721

956

Current tax charge for the year

721

956

Debtors

2015

2014

Trade debtors

14,177

11,530

Creditors: amounts falling due within one year

2015

2014

Taxation and social security

721

956

MODEX TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2015

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Share capital

2015

2014

Allotted, called up and fully paid

100

Ultimate Controlling Party

Mentor Associates Limited (Incorporated in British Virgin Islands) is regarded by the director as being the ultimate controlling party.