Modern Corporation Limited - Accounts to registrar - small 17.1.1
Modern Corporation Limited - Accounts to registrar - small 17.1.1
| MODERN CORPORATION LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2017 |
| MODERN CORPORATION LIMITED (REGISTERED NUMBER: 03032587) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 7 |
| MODERN CORPORATION LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Charter House |
| 103-105 Leigh Road |
| Leigh-on-Sea |
| Essex |
| SS9 1JL |
| MODERN CORPORATION LIMITED (REGISTERED NUMBER: 03032587) |
| BALANCE SHEET |
| 31ST MARCH 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| MODERN CORPORATION LIMITED (REGISTERED NUMBER: 03032587) |
| BALANCE SHEET - continued |
| 31ST MARCH 2017 |
| 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 |
| MODERN CORPORATION LIMITED (REGISTERED NUMBER: 03032587) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| Modern Corporation Limited is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Depreciation |
| Tangible fixed assets are depreciated over their expected useful lives at the following annual rates: |
| Plant and equipment | Between 10% and 25% on book value |
| Fixtures & fittings | 10% on book value |
| Computer equipment | 30% on book value |
| Stocks and work in progress |
| Stocks and work in progress are valued at the lower of cost and net realisable value, cost being |
| determined on a first-in, first out basis. |
| Deferred taxation |
| Provisions for taxation deferred as a result of timing differences are made, using the liability method, |
| to the extent that the timing differences are expected to reverse in the forseeable future. |
| MODERN CORPORATION LIMITED (REGISTERED NUMBER: 03032587) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| equipment | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st April 2016 |
| Disposals | ( |
) | ( |
) |
| At 31st March 2017 |
| DEPRECIATION |
| At 1st April 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st March 2017 |
| NET BOOK VALUE |
| At 31st March 2017 |
| At 31st March 2016 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| MODERN CORPORATION LIMITED (REGISTERED NUMBER: 03032587) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2017 |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st March 2017 |
| and 31st March 2016: |
| 2017 | 2016 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| MODERN CORPORATION LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
| MODERN CORPORATION LIMITED |
| The following reproduces the text of the report prepared for the director and members in respect of |
| the company's annual unaudited financial statements. In accordance with the Companies Act 2006, |
| the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement |
| and certain other primary statements and the Report of the Director are not required to be filed with |
| the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2017 set out on pages to and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Chartered Certified Accountants |
| Charter House |
| 103-105 Leigh Road |
| Leigh-on-Sea |
| Essex |
| SS9 1JL |
| Date: ............................................. |