Modern Transport Limited - Abbreviated accounts 16.3

Modern Transport Limited - Abbreviated accounts 16.3

MODERN TRANSPORT LIMITED - Company Information

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REGISTERED NUMBER: 02664309 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2016

FOR

MODERN TRANSPORT LIMITED

MODERN TRANSPORT LIMITED (REGISTERED NUMBER: 02664309)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Chartered Certified Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5

MODERN TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: G M Campbell
Mrs A R Campbell





SECRETARY: G M Campbell





REGISTERED OFFICE: Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF





REGISTERED NUMBER: 02664309 (England and Wales)





ACCOUNTANTS: Benten & Co
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF
Page 1
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MODERN TRANSPORT LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on
pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Modern Transport Limited for the year ended 31 March 2016 which
comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Modern Transport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Modern Transport Limited and state those matters that we have agreed to state to the Board of Directors of Modern Transport Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Modern Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Modern Transport Limited. You consider that Modern Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Modern Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Benten & Co
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


14 December 2016

This page does not form part of the abbreviated accounts

Page 2
MODERN TRANSPORT LIMITED (REGISTERED NUMBER: 02664309)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 96 128

CURRENT ASSETS
Debtors 46,182 55,417
Cash at bank and in hand 10,961 16,564
57,143 71,981
CREDITORS
Amounts falling due within one year 3 48,631 63,168
NET CURRENT ASSETS 8,512 8,813
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,608
8,941

CREDITORS
Amounts falling due after more than one
year
3
(3,352
)
(8,396
)

PROVISIONS FOR LIABILITIES - (26 )
NET ASSETS 5,256 519

CAPITAL AND RESERVES
Called up share capital 4 132 132
Profit and loss account 5,124 387
SHAREHOLDERS' FUNDS 5,256 519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 form part of these abbreviated accounts

Page 3 continued...
MODERN TRANSPORT LIMITED (REGISTERED NUMBER: 02664309)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 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 Board of Directors on 13 December 2016 and were signed on
its behalf by:




G M Campbell - Director



Mrs A R Campbell - Director


The notes form part of these abbreviated accounts

Page 4
MODERN TRANSPORT LIMITED (REGISTERED NUMBER: 02664309)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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 comprises the value of goods and services supplied by the company, net of Value Added
Tax.

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

Fixtures and fittings - 25% on reducing balance

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 5,567
DEPRECIATION
At 1 April 2015 5,439
Charge for year 32
At 31 March 2016 5,471
NET BOOK VALUE
At 31 March 2016 96
At 31 March 2015 128

3. CREDITORS

Creditors include an amount of £ 8,926 (2015 - £ 13,970 ) for which security has been given.

Page 5 continued...
MODERN TRANSPORT LIMITED (REGISTERED NUMBER: 02664309)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
132 Ordinary £1 132 132

5. RELATED PARTY DISCLOSURES

Included within other debtors are loans amounting to £3185 (2015 £3393) to the directors G M
Campbell £1593 (2015 £1697) and A R Campbell £1592 (2015 £1696) respectively. The maximum
amount outstanding during the year was £3185.

6. ULTIMATE CONTROLLING PARTY

There is no controlling party.

Page 6