Modality Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09572673 (England and Wales)

MODALITY SERVICES LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr N K Rati

REGISTERED OFFICE:

Granville House

2 Tettenhall Road

Wolverhampton

WV1 4SB

REGISTERED NUMBER:

09572673 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Investments

3

50

CURRENT ASSETS

Debtors

4

227,586

Cash at bank

950

228,536

CREDITORS

Amounts falling due within one year

5

227,586

NET CURRENT ASSETS

950

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000

CAPITAL AND RESERVES

Called up share capital

6

1,000

SHAREHOLDERS' FUNDS

1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 February 2020 and were signed by:

Dr N K Rati - Director

1.	STATUTORY INFORMATION

Modality Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible

preference and non-puttable ordinary shares which are measured at fair value with changes recognised in profit

or loss. Derivative financial instrument are initially recorded at cost and thereafter at fair value with changes

recognised in profit and loss.

3.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 June 2018

and 31 May 2019

50

NET BOOK VALUE

At 31 May 2019

50

At 31 May 2018

50

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Ansonsco 4 Limited

Registered office: 6 Chester Road, Sutton Coldfield, West Midlands, England, B73 5DA

Nature of business: Pharmaceutical Services

%

Class of shares:

holding

Ordinary

50.00

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

Amounts owed by participating interests

227,586

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

Other creditors

227,586

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.19

31.5.18

value:

£

1,000

Ordinary

£1

1,000

Modality Services Limited - Accounts to registrar (filleted) - small 18.2

Modality Services Limited - Accounts to registrar (filleted) - small 18.2