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Company Registration No. 08885321 (England and Wales)
MODERN ENERGY AND ELECTRICAL SERVICES LTD Unaudited accounts for the year ended 29 February 2024
MODERN ENERGY AND ELECTRICAL SERVICES LTD Unaudited accounts Contents
Page
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MODERN ENERGY AND ELECTRICAL SERVICES LTD Company Information for the year ended 29 February 2024
Director
John Paul Thomas
Company Number
08885321 (England and Wales)
Registered Office
337 NEW ROAD PORTHCAWL CF36 5PH WALES
Accountants
Lucia Thomas 337 New road Porthcawl Bridgend CF36 5PH
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MODERN ENERGY AND ELECTRICAL SERVICES LTD for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MODERN ENERGY AND ELECTRICAL SERVICES LTD for the year ended 29 February 2024 as set out on pages 5 - 7 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of MODERN ENERGY AND ELECTRICAL SERVICES LTD, as a body, in accordance with the terms of our engagement letter dated 1 June 2017. Our work has been undertaken solely to prepare for your approval the accounts of MODERN ENERGY AND ELECTRICAL SERVICES LTD and state those matters that we have agreed to state to the Board of Directors of MODERN ENERGY AND ELECTRICAL SERVICES LTD, 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MODERN ENERGY AND ELECTRICAL SERVICES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MODERN ENERGY AND ELECTRICAL SERVICES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MODERN ENERGY AND ELECTRICAL SERVICES LTD. You consider that MODERN ENERGY AND ELECTRICAL SERVICES LTD 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 accounts of MODERN ENERGY AND ELECTRICAL SERVICES LTD. 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 accounts.
Lucia Thomas Chartered Certified Accountants 337 New road Porthcawl Bridgend CF36 5PH 29 November 2024
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MODERN ENERGY AND ELECTRICAL SERVICES LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,389 
1,237 
Investments
84,000 
- 
104,389 
1,237 
Current assets
Debtors
105,760 
37,650 
Cash at bank and in hand
266,048 
214,072 
371,808 
251,722 
Creditors: amounts falling due within one year
(110,714)
(70,289)
Net current assets
261,094 
181,433 
Total assets less current liabilities
365,483 
182,670 
Creditors: amounts falling due after more than one year
(10,301)
(13,538)
Net assets
355,182 
169,132 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
355,082 
169,032 
Shareholders' funds
355,182 
169,132 
For the year ending 29 February 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 his 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 29 November 2024 and were signed on its behalf by
John Paul Thomas Director Company Registration No. 08885321
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MODERN ENERGY AND ELECTRICAL SERVICES LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
MODERN ENERGY AND ELECTRICAL SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 08885321. The registered office is 337 NEW ROAD, PORTHCAWL, CF36 5PH, WALES.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
1,066 
1,232 
2,298 
Additions
21,000 
3,249 
24,249 
At 29 February 2024
22,066 
4,481 
26,547 
Depreciation
At 1 March 2023
435 
626 
1,061 
Charge for the year
4,326 
771 
5,097 
At 29 February 2024
4,761 
1,397 
6,158 
Net book value
At 29 February 2024
17,305 
3,084 
20,389 
At 28 February 2023
631 
606 
1,237 
5
Investments
Other investments 
£ 
Valuation at 1 March 2023
- 
Additions
84,000 
Valuation at 29 February 2024
84,000 
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MODERN ENERGY AND ELECTRICAL SERVICES LTD Notes to the Accounts for the year ended 29 February 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,788 
2,516 
Trade debtors
33,974 
23,462 
Other debtors
67,998 
11,672 
105,760 
37,650 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
803 
8,688 
Trade creditors
50,851 
35,383 
Taxes and social security
59,060 
26,218 
110,714 
70,289 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,301 
13,538 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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