Company Registration No. 07529994 (England and Wales)
Modern Accountancy Ltd
Unaudited accounts
for the year ended 28 February 2023
Modern Accountancy Ltd
Unaudited accounts
Contents
Modern Accountancy Ltd
Company Information
for the year ended 28 February 2023
Company Number
07529994 (England and Wales)
Registered Office
Suite 2, Unit 1B Pope Iron Road
Worcester
Worcestershire
WR1 3HB
United Kingdom
Modern Accountancy Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
69,477
28,577
Creditors: amounts falling due within one year
(26,878)
(56,693)
Net current assets
88,316
17,825
Total assets less current liabilities
90,560
17,825
Creditors: amounts falling due after more than one year
(83,865)
-
Called up share capital
100
100
Profit and loss account
6,595
17,725
Shareholders' funds
6,695
17,825
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 March 2023 and were signed on its behalf by
Lee Peet
Director
Company Registration No. 07529994
Modern Accountancy Ltd
Notes to the Accounts
for the year ended 28 February 2023
Modern Accountancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 07529994. The registered office is Suite 2, Unit 1B Pope Iron Road, Worcester, Worcestershire, WR1 3HB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 28 February 2023
2,224
761
2,985
Charge for the year
741
-
741
At 28 February 2023
741
-
741
At 28 February 2023
1,483
761
2,244
Amounts falling due within one year
Trade debtors
45,717
45,941
Modern Accountancy Ltd
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,000
33,999
Taxes and social security
11,900
14,798
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
67,325
-
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
