Modula Limited - Abbreviated accounts 16.1

Modula Limited - Abbreviated accounts 16.1

MODULA LIMITED - Company Information

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04153580 1.3.15 28.2.16 28.2.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure041535802015-02-28041535802016-02-28041535802015-03-012016-02-28041535802014-02-28041535802014-03-012015-02-28041535802015-02-2804153580ns14:PoundSterling2015-03-012016-02-2804153580ns7:Director12015-03-012016-02-2804153580ns7:OrdinaryShareClass12015-03-012016-02-2804153580ns5:FixturesFittings2015-03-012016-02-2804153580ns5:ComputerEquipment2015-03-012016-02-2804153580ns7:OrdinaryShareClass12016-02-2804153580ns7:OrdinaryShareClass12015-02-28
REGISTERED NUMBER: 04153580















MODULA LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2016






MODULA LIMITED (REGISTERED NUMBER: 04153580)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

MODULA LIMITED (REGISTERED NUMBER: 04153580)

ABBREVIATED BALANCE SHEET
28 FEBRUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,267 3,424

CURRENT ASSETS
Debtors 81,063 62,023
Cash at bank 10,827 105
91,890 62,128
CREDITORS
Amounts falling due within one year 40,121 28,046
NET CURRENT ASSETS 51,769 34,082
TOTAL ASSETS LESS CURRENT
LIABILITIES
53,036
37,506

PROVISIONS FOR LIABILITIES 253 685
NET ASSETS 52,783 36,821

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 52,683 36,721
SHAREHOLDERS' FUNDS 52,783 36,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 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 notes on pages 3 to 4 form part of these abbreviated accounts

1 continued...
MODULA LIMITED (REGISTERED NUMBER: 04153580)

ABBREVIATED BALANCE SHEET - continued
28 FEBRUARY 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 24 November 2016 and were signed by:





M J Pitt - Director


The notes on pages 3 to 4 form part of these abbreviated accounts

2
MODULA LIMITED (REGISTERED NUMBER: 04153580)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures, fittings and equipment - 15% on reducing balance
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015 5,146
Disposals (1,398 )
At 28 February 2016 3,748
DEPRECIATION
At 1 March 2015 1,722
Charge for year 1,225
Eliminated on disposal (466 )
At 28 February 2016 2,481
NET BOOK VALUE
At 28 February 2016 1,267
At 28 February 2015 3,424

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

3 continued...
MODULA LIMITED (REGISTERED NUMBER: 04153580)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2016

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Advances, credits
During the year the company made available to M J Pitt an unsecured loan by way of
advances and credits. The total of advances and credits made during the year was £83,807.
The total of repayments made during the year was £64,779. Interest is charged at the official
rate and there are no fixed terms of repayment.

The director of the company is also the majority shareholder of the company and is aware of
the requirements of Section 197 of the Companies Act 2006 regarding the approval by the
members of loans to directors.

4