Modus Vivendi Installations Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06315057 (England and Wales)

MODUS VIVENDI INSTALLATIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Emmott

C Bethell

SECRETARY:

K A Collins

REGISTERED OFFICE:

Lyndean House

30-32 Albion Place

Maidstone

Kent

ME14 5DZ

REGISTERED NUMBER:

06315057 (England and Wales)

ACCOUNTANTS:

Lakeview Southern Limited

Chartered Accountants

2 Lakeview Stables

Lower St. Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

FIXED ASSETS

Intangible assets

4

60,001

70,001

Tangible assets

5

78,614

73,772

138,615

143,773

CURRENT ASSETS

Stocks

47,304

58,873

Debtors

6

70,081

45,992

Cash at bank and in hand

381,384

534,893

498,769

639,758

CREDITORS

Amounts falling due within one year

7

213,159

422,324

NET CURRENT ASSETS

285,610

217,434

TOTAL ASSETS LESS CURRENT LIABILITIES

424,225

361,207

CREDITORS

Amounts falling due after more than one year

8

100,993

99,822

NET ASSETS

323,232

261,385

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

322,232

260,385

SHAREHOLDERS' FUNDS

323,232

261,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:

L Emmott - Director

1.	STATUTORY INFORMATION

Modus Vivendi Installations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2022

and 31 July 2023

200,000

AMORTISATION

At 1 August 2022

129,999

Charge for year

10,000

At 31 July 2023

139,999

NET BOOK VALUE

At 31 July 2023

60,001

At 31 July 2022

70,001

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2022

273,090

Additions

32,170

At 31 July 2023

305,260

DEPRECIATION

At 1 August 2022

199,318

Charge for year

27,328

At 31 July 2023

226,646

NET BOOK VALUE

At 31 July 2023

78,614

At 31 July 2022

73,772

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade debtors

55,676

30,479

Other debtors

14,405

15,513

70,081

45,992

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Hire purchase contracts

-

3,817

Trade creditors

109,265

103,104

Taxation and social security

44,707

38,042

Other creditors

59,187

277,361

213,159

422,324

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.23

31.7.22

£

£

Hire purchase contracts

-

485

Other creditors

100,993

99,337

100,993

99,822

9.	RELATED PARTY DISCLOSURES

The company owed the directors £100,993 (2022: £99,337).

10.	ULTIMATE CONTROLLING PARTY