MODA FOODS LIMITED

MODA FOODS LIMITED - Company Information

2022-09-012023-08-312023-08-31false09168874MODA FOODS LIMITED2024-05-2910710iso4217:GBPxbrli:pure091688742022-09-01091688742023-08-31091688742022-09-012023-08-31091688742021-09-01091688742022-08-31091688742021-09-012022-08-3109168874bus:SmallEntities2022-09-012023-08-3109168874bus:AuditExempt-NoAccountantsReport2022-09-012023-08-3109168874bus:FullAccounts2022-09-012023-08-3109168874bus:PrivateLimitedCompanyLtd2022-09-012023-08-3109168874core:WithinOneYear2023-08-3109168874core:AfterOneYear2023-08-3109168874core:WithinOneYear2022-08-3109168874core:AfterOneYear2022-08-3109168874core:ShareCapital2023-08-3109168874core:SharePremium2023-08-3109168874core:RevaluationReserve2023-08-3109168874core:OtherReservesSubtotal2023-08-3109168874core:RetainedEarningsAccumulatedLosses2023-08-3109168874core:ShareCapital2022-08-3109168874core:SharePremium2022-08-3109168874core:RevaluationReserve2022-08-3109168874core:OtherReservesSubtotal2022-08-3109168874core:RetainedEarningsAccumulatedLosses2022-08-3109168874core:LandBuildings2023-08-3109168874core:PlantMachinery2023-08-3109168874core:Vehicles2023-08-3109168874core:FurnitureFittings2023-08-3109168874core:OfficeEquipment2023-08-3109168874core:NetGoodwill2023-08-3109168874core:IntangibleAssetsOtherThanGoodwill2023-08-3109168874core:ListedExchangeTraded2023-08-3109168874core:UnlistedNon-exchangeTraded2023-08-3109168874core:LandBuildings2022-08-3109168874core:PlantMachinery2022-08-3109168874core:Vehicles2022-08-3109168874core:FurnitureFittings2022-08-3109168874core:OfficeEquipment2022-08-3109168874core:NetGoodwill2022-08-3109168874core:IntangibleAssetsOtherThanGoodwill2022-08-3109168874core:ListedExchangeTraded2022-08-3109168874core:UnlistedNon-exchangeTraded2022-08-3109168874core:LandBuildings2022-09-012023-08-3109168874core:PlantMachinery2022-09-012023-08-3109168874core:Vehicles2022-09-012023-08-3109168874core:FurnitureFittings2022-09-012023-08-3109168874core:OfficeEquipment2022-09-012023-08-3109168874core:NetGoodwill2022-09-012023-08-3109168874core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3109168874core:ListedExchangeTraded2022-09-012023-08-3109168874core:UnlistedNon-exchangeTraded2022-09-012023-08-3109168874core:MoreThanFiveYears2022-09-012023-08-3109168874core:Non-currentFinancialInstruments2023-08-3109168874core:Non-currentFinancialInstruments2022-08-3109168874dpl:CostSales2022-09-012023-08-3109168874dpl:DistributionCosts2022-09-012023-08-3109168874core:LandBuildings2022-09-012023-08-3109168874core:PlantMachinery2022-09-012023-08-3109168874core:Vehicles2022-09-012023-08-3109168874core:FurnitureFittings2022-09-012023-08-3109168874core:OfficeEquipment2022-09-012023-08-3109168874dpl:AdministrativeExpenses2022-09-012023-08-3109168874core:NetGoodwill2022-09-012023-08-3109168874core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3109168874dpl:GroupUndertakings2022-09-012023-08-3109168874dpl:ParticipatingInterests2022-09-012023-08-3109168874dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3109168874core:ListedExchangeTraded2022-09-012023-08-3109168874dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3109168874core:UnlistedNon-exchangeTraded2022-09-012023-08-3109168874dpl:CostSales2021-09-012022-08-3109168874dpl:DistributionCosts2021-09-012022-08-3109168874core:LandBuildings2021-09-012022-08-3109168874core:PlantMachinery2021-09-012022-08-3109168874core:Vehicles2021-09-012022-08-3109168874core:FurnitureFittings2021-09-012022-08-3109168874core:OfficeEquipment2021-09-012022-08-3109168874dpl:AdministrativeExpenses2021-09-012022-08-3109168874core:NetGoodwill2021-09-012022-08-3109168874core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3109168874dpl:GroupUndertakings2021-09-012022-08-3109168874dpl:ParticipatingInterests2021-09-012022-08-3109168874dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3109168874core:ListedExchangeTraded2021-09-012022-08-3109168874dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3109168874core:UnlistedNon-exchangeTraded2021-09-012022-08-3109168874core:NetGoodwill2023-08-3109168874core:IntangibleAssetsOtherThanGoodwill2023-08-3109168874core:LandBuildings2023-08-3109168874core:PlantMachinery2023-08-3109168874core:Vehicles2023-08-3109168874core:FurnitureFittings2023-08-3109168874core:OfficeEquipment2023-08-3109168874core:AfterOneYear2023-08-3109168874core:WithinOneYear2023-08-3109168874core:ListedExchangeTraded2023-08-3109168874core:UnlistedNon-exchangeTraded2023-08-3109168874core:ShareCapital2023-08-3109168874core:SharePremium2023-08-3109168874core:RevaluationReserve2023-08-3109168874core:OtherReservesSubtotal2023-08-3109168874core:RetainedEarningsAccumulatedLosses2023-08-3109168874core:NetGoodwill2022-08-3109168874core:IntangibleAssetsOtherThanGoodwill2022-08-3109168874core:LandBuildings2022-08-3109168874core:PlantMachinery2022-08-3109168874core:Vehicles2022-08-3109168874core:FurnitureFittings2022-08-3109168874core:OfficeEquipment2022-08-3109168874core:AfterOneYear2022-08-3109168874core:WithinOneYear2022-08-3109168874core:Liste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MODA FOODS LIMITED

Registered Number
09168874
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

MODA FOODS LIMITED

Company Information
for the year from 1 September 2022 to 31 August 2023


Director	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 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	3		5,805		1,909
			5,805		1,909
Current assets
Stocks	4	15,000		15,000
Debtors		4,062		2,546
Cash at bank and on hand		25,767		-
		44,829		17,546
Creditors amounts falling due within one year	5	(365,446)		(403,608)
Net current assets (liabilities)			(320,617)		(386,062)
Total assets less current liabilities			(314,812)		(384,153)
Creditors amounts falling due after one year	6		(20,170)		(23,465)
Net assets			(334,982)		(407,618)
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			(335,982)		(408,618)
Shareholders' funds			(334,982)		(407,618)

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 under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 29 May 2024, 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 2023

1.	Accounting policies

	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.

	Statement of compliance
	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.

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

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

	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.

	Revenue from sale of goods
	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 from sale of goods

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.

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

	Foreign currency translation
	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

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.

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

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

2.	Average number of employees


		2023		2022
	Average number of employees during the year	5		5

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 September 22	142,359	69,753	314	212,426
Additions	-	5,223	-	5,223
At 31 August 23	142,359	74,976	314	217,649
Depreciation and impairment
At 01 September 22	142,359	67,844	314	210,517
Charge for year	-	1,327	-	1,327
At 31 August 23	142,359	69,171	314	211,844
Net book value
At 31 August 23	-	5,805	-	5,805
At 31 August 22	-	1,909	-	1,909

4.	Stocks

	2023	2022
	£	£
Other stocks	15,000	15,000
Total	15,000	15,000

5.	Creditors: amounts due within one year

	2023	2022
	£	£
Trade creditors / trade payables	1,112	3,899
Bank borrowings and overdrafts	3,900	12,316
Taxation and social security	647	1,062
Other creditors	358,453	383,332
Accrued liabilities and deferred income	1,334	2,999
Total	365,446	403,608


	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.

6.	Creditors: amounts due after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	20,170	23,465
Total	20,170	23,465