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Company Registration No. 12993697 (England and Wales)
The ModFin System Ltd Unaudited accounts for the year ended 30 April 2024
The ModFin System Ltd Unaudited accounts Contents
Page
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The ModFin System Ltd Company Information for the year ended 30 April 2024
Directors
G Thewlis E M O'Hara
Company Number
12993697 (England and Wales)
Registered Office
23 FOX HOLES GROVE CROW EDGE SHEFFIELD S36 4HN ENGLAND
Accountants
qbx- the quickbooks accountants South Cottage Wood Langham Market Rasen Lincolnshire LN8 3QR
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The ModFin System Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
4 
3,774 
Cash at bank and in hand
22,688 
6,234 
22,692 
10,008 
Creditors: amounts falling due within one year
(8,277)
(1,641)
Net current assets
14,415 
8,367 
Net assets
14,415 
8,367 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
14,411 
8,363 
Shareholders' funds
14,415 
8,367 
For the year ending 30 April 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by
G Thewlis Director Company Registration No. 12993697
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The ModFin System Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
The ModFin System Ltd is a private company, limited by shares, registered in England and Wales, registration number 12993697. The registered office is 23 FOX HOLES GROVE, CROW EDGE, SHEFFIELD, S36 4HN, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
3,750 
Other debtors
- 
20 
- 
3,770 
Amounts falling due after more than one year
Other debtors
4 
4 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,757 
1,281 
Accruals
5,520 
360 
8,277 
1,641 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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