Company Registration No. 10546455 (England and Wales)
Modern Finance Ltd
Unaudited accounts
for the year ended 31 January 2024
Modern Finance Ltd
Unaudited accounts
Contents
Modern Finance Ltd
Company Information
for the year ended 31 January 2024
Company Number
10546455 (England and Wales)
Registered Office
28 Middlepeak Way
Sheffield
England
S13 9DL
United Kingdom
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Modern Finance Ltd
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
975
975
Creditors: amounts falling due within one year
(2,059)
(1,597)
Net current liabilities
(1,084)
(622)
Net (liabilities)/assets
(357)
105
Called up share capital
1
1
Profit and loss account
(358)
104
Shareholders' funds
(357)
105
For the year ending 31 January 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 director acknowledges her 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 and authorised for issue on 14 November 2024 and were signed on its behalf by
Olivia Meyers
Director
Company Registration No. 10546455
Modern Finance Ltd
Notes to the Accounts
for the year ended 31 January 2024
Modern Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 10546455. The registered office is 28 Middlepeak Way, Sheffield, England, S13 9DL, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
1,909
1,597
Modern Finance Ltd
Notes to the Accounts
for the year ended 31 January 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors's loan account
(1,597)
(312)
-
(1,909)
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).