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REGISTERED NUMBER: 07690097 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Modern Methods Marketing Ltd
Trading as
WBECS

Modern Methods Marketing Ltd (Registered number: 07690097)
Trading as WBECS






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Modern Methods Marketing Ltd
Trading as WBECS

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Pascal





REGISTERED OFFICE: c/o Xitax Ltd
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB





REGISTERED NUMBER: 07690097 (England and Wales)





ACCOUNTANTS: Xitax Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Modern Methods Marketing Ltd (Registered number: 07690097)
Trading as WBECS

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
£    £   
CURRENT ASSETS
Debtors - 273,693
Cash at bank 6,893 8,670
6,893 282,363
CREDITORS
Amounts falling due within one year 206,406 418,149
NET CURRENT LIABILITIES (199,513 ) (135,786 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(199,513

)

(135,786

)

CREDITORS
Amounts falling due after more than one
year

142,223

138,318
NET LIABILITIES (341,736 ) (274,104 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (341,836 ) (274,204 )
SHAREHOLDERS' FUNDS (341,736 ) (274,104 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Modern Methods Marketing Ltd (Registered number: 07690097)
Trading as WBECS

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 31 July 2024 and were signed by:





A Pascal - Director


Modern Methods Marketing Ltd (Registered number: 07690097)
Trading as WBECS

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Modern Methods Marketing Ltd 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.

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.

Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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.

Modern Methods Marketing Ltd (Registered number: 07690097)
Trading as WBECS

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. RELATED PARTY DISCLOSURES

The amounts owed to group undertakings are intercompany loans from the parent company, Coachlogix Inc., and are repayable on demand.

5. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Coachlogix Inc, a company registered in the United States and holding 100% of the issued share capital of the company.