Company Overview
Modo Systems Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 28 January 2015, so this is a well established company. Modo Systems Limited has been in business for 9 years and 3 months. The accounts status is total exemption full and the accounts are next due on Friday 31 May 2024.
Registered Address

Floor 4, 101, Portman Street, Glasgow, Lanarkshire, G41 1EJ
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Companies House Data
Company NameMODO SYSTEMS LIMITED
Company NumberSC496160
Registered Office AddressFLOOR 4, 101
 PORTMAN STREET
 G41 1EJ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date28/01/2015
Accounting Reference Date Day31
Accounting Reference Date Month8
Accounts Next Due Date31/05/2024
Accounts Last Made Up Date31/08/2022
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date30/06/2017
Returns Last Made Up Date02/06/2016
Previous Company NameChanged Date
DOXCO LIMITED05 Feb 2015
Directors & Members
Show Resigned
Majid Anwar - Director
(British, 55 years old, born March 1969)
Director - Appointed 15 September 2015
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Majid Anwar
LESCIP R LIMITED
LESCIP SEETRUST LIMITED
MODO HOLDINGS LIMITED
PICSEL (GROUP) LIMITED
PICSEL RESEARCH LIMITED
PICSEL TECHNOLOGIES LIMITED
PICSEL UK LIMITED
ROOT MODO LIMITED
SMARTOFFICE TECHNOLOGIES LTD
THE MUSLIM NETWORK TRUST (SCOTLAND) LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Aug-2022 31-Aug-2021 31-Aug-2020
Balance Sheet
Fixed Assets 4,329 4,329 6,080
Current Assets 19,032 19,032 54,275
Creditors Due Within One Year 251,608 251,608 221,564
Working Cap -232,576 -232,576 -167,289
Total Assets Less Current Liabilities -228,247 -228,247 -161,209
Long-term Liabilities 886,097 886,097 848,904
Net Assets -1,114,344 -1,114,344 -1,010,113
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -1,114,344 -1,114,344 -1,010,113
Common Size Financial Analysis Unlock full report
Accounts Date 31-Aug-2022 31-Aug-2021 31-Aug-2020
Tangible Fixed Assets - - -
Fixed Assets 18.5% 18.5% 10.1%
Stocks Inventory - - -
Debtors 34.7% 34.7% 50.7%
Cash Bank In Hand 46.8% 46.8% 39.2%
Current Assets 81.5% 81.5% 89.9%
Creditors Due Within One Year 1077.0% 1077.0% 367.1%
Net Current Assets Liabilities -995.6% -995.6% -277.2%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -4770.1% -4770.1% -1673.6%
Capital Employed - - -
Total Assets Less Current Liabilities -977.0% -977.0% -267.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Aug-2022 31-Aug-2021 31-Aug-2020
Liquidity Ratio 0.1 0.1 0.2
Solvency Ratio 0.0 0.0 0.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Aug-2022 31-Aug-2021 31-Aug-2020
Assets 23,361 23,361 60,355
Debt 1,137,705 1,137,705 1,070,468
Net Assets/Debt -1,114,344 -1,114,344 -1,010,113

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Confirmation statement made on 12 May 2024 with no updates
Confirmation statement made on 12 May 2023 with no updates
Confirmation statement made on 12 May 2022 with no updates
Confirmation statement made on 12 May 2021 with updates
Change of details for Modo Holdings Limited as a person with significant control on 12 May 2021
Director's details changed for Dr Majid Anwar on 19 November 2020
Confirmation statement made on 12 May 2020 with updates
Director's details changed for Dr Majid Anwar on 14 March 2019
Registered office address changed from 101 Portman Street Floor 4 Glasgow G41 1EJ Scotland to Floor 4, 101 Portman Street Glasgow Lanarkshire G41 1EJ on 26 May 2020
Confirmation statement made on 12 May 2019 with no updates
Registered office address changed from Floor 3 101 Portman Street Glasgow G41 1EJ United Kingdom to 101 Portman Street Floor 4 Glasgow G41 1EJ on 14 March 2019
Confirmation statement made on 12 May 2018 with no updates
Confirmation statement made on 12 May 2017 with updates
Statement of capital following an allotment of shares on 22 December 2016
Cancellation of shares. Statement of capital on 22 December 2016
Purchase of own shares.
Resolutions
Annual return made up to 2 June 2016 with full list of shareholders
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