MODEX_TRADING_LIMITED - Accounts

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 2016
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 2016
- 1 -
The director presents her report and financial statements for the year ended 31 January 2016.
Director
The following director has held office since 1 February 2015:
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
17 October 2016
MODEX TRADING LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2016
- 2 -
2016
2015
Notes
£
£
Turnover
3,338
3,603
Profit on ordinary activities before taxation
3,338
3,603
Tax on profit on ordinary activities
2
(668)
(721)
Profit for the year
6
2,670
2,882
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 2016
31 January 2016
- 3 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
3
16,794
14,177
Cash at bank and in hand
100
100
16,894
14,277
Creditors: amounts falling due within one year
5
(668)
(721)
Total assets less current liabilities
16,226
13,556
Capital and reserves
Called up share capital
4
100
100
Reserves
6
13,456
10,574
Profit and loss account
6
2,670
2,882
Shareholders'  funds
7
16,226
13,556
For the financial year ended 31 January 2016 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 17 October 2016
D Sanger
Director
Company Registration No. 07499973
MODEX TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016
- 4 -
1
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).

 

 

Principal Activity

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., turnover is as per terms agreed in agency contract.

2
Taxation
2016
2015
£
£
Domestic current year tax
U.K. corporation tax
668
721
Total current tax
668
721
Factors affecting the tax charge for the year
Profit on ordinary activities before taxation
3,338
3,603
3
Debtors
2016
2015
£
£
Trade debtors
16,794
14,177
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid ordinary shares
100
100
MODEX TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2016
- 5 -
5
Creditors: amounts falling due within one year
2016
2015
£
£
Taxation and social security
668
721
6
Statement of movements on reserves
Other reserves
(see below)
Profit
and loss
account
£
£
Profit for the year
-
2,670
Movement during the year
13,456
-
Balance at 31 January 2016
13,456
2,670
Other reserves
Reserves for own shares
Reserve for own shares movement
13,456
Balance at 31 January 2016
13,456
7
Reconciliation of movements in Shareholders' funds
2016
2015
£
£
Profit for the financial year
2,670
2,882
Movements on other reserves
13,456
10,574
Net addition to shareholders' funds
16,126
13,456
Opening Shareholders' funds
13,556
100
Closing Shareholders' funds
16,226
13,556
8
Ultimate Controlling Party
Mentor Associates Limited (Incorporated in British Virgin Islands) is regarded by the director as being the ultimate controlling party.
9
Foreign Currencies
Transactions in foreign currencies are translated into sterling at the average monthly rate of exchange of the month the transcation occured.
Assets and liabilities in foreign currencies if any are translated into sterling at the rate prevailing at the balance sheet date.Exchange differences are taken into account in arriving at the operating profit
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