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Company Registration No. 12550226 (England and Wales)
Modern Tech Ltd Unaudited accounts for the year ended 30 April 2025
Modern Tech Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Modern Tech Ltd Company Information for the year ended 30 April 2025
Director
Somansh Sharma
Company Number
12550226 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ United Kingdom
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
- 3 -
Modern Tech Ltd Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
200,038 
150,000 
Current assets
Debtors
5
21,571 
21,571 
Cash at bank and in hand
68,007 
41,451 
89,578 
63,022 
Creditors: amounts falling due within one year
6
(34,326)
(68,821)
Net current assets/(liabilities)
55,252 
(5,799)
Net assets
255,290 
144,201 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
255,190 
144,101 
Shareholders' funds
255,290 
144,201 
For the year ending 30 April 2025 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 17 June 2025 and were signed on its behalf by
Somansh Sharma Director Company Registration No. 12550226
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Modern Tech Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Modern Tech Ltd is a private company, limited by shares, registered in England and Wales, registration number 12550226. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, 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.
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:
Land & buildings
no deprecation charge
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2024
150,000 
- 
150,000 
Additions
45,000 
6,010 
51,010 
At 30 April 2025
195,000 
6,010 
201,010 
Depreciation
Charge for the year
- 
972 
972 
At 30 April 2025
- 
972 
972 
Net book value
At 30 April 2025
195,000 
5,038 
200,038 
At 30 April 2024
150,000 
- 
150,000 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
21,571 
21,571 
- 5 -
Modern Tech Ltd Notes to the Accounts for the year ended 30 April 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
32,747 
17,157 
Taxes and social security
- 
46,593 
Loans from directors
515 
4,111 
Accruals
1,064 
960 
34,326 
68,821 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Somansh Sharma
Directors Loan Account
(4,111)
(29,502)
(33,098)
(515)
(4,111)
(29,502)
(33,098)
(515)
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -