29 February 2024 false No description of principal activity Taxfiler 2024.6 07529994business:PrivateLimitedCompanyLtd2024-02-292025-02-28 075299942024-02-28 075299942024-02-292025-02-28 07529994business:AuditExempt-NoAccountantsReport2024-02-292025-02-28 07529994business:FilletedAccounts2024-02-292025-02-28 075299942025-02-28 07529994business:Director12024-02-292025-02-28 07529994business:RegisteredOffice2024-02-292025-02-28 075299942024-02-28 07529994core:WithinOneYear2025-02-28 07529994core:WithinOneYear2024-02-28 07529994core:AfterOneYear2025-02-28 07529994core:AfterOneYear2024-02-28 07529994core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 07529994core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 07529994core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 07529994core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 07529994core:PreviouslyStatedAmount2025-02-28 07529994core:PreviouslyStatedAmount2024-02-28 07529994business:SmallEntities2024-02-292025-02-28 07529994countries:EnglandWales2024-02-292025-02-28 07529994core:PlantMachinery2024-02-292025-02-28 07529994core:PlantMachinery2024-02-28 07529994core:FurnitureFittings2024-02-28 07529994core:PlantMachinery2025-02-28 07529994core:FurnitureFittings2025-02-28 07529994core:FurnitureFittings2024-02-292025-02-28 075299942023-03-012024-02-28 iso4217:GBP xbrli:pure
Company Registration No. 07529994 (England and Wales)
Modern Accountancy Ltd Unaudited accounts for the period from 29 February 2024 to 28 February 2025
Modern Accountancy Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Modern Accountancy Ltd Company Information for the period from 29 February 2024 to 28 February 2025
Director
Lee Peet
Company Number
07529994 (England and Wales)
Registered Office
Suite 2, Unit 1B Pope Iron Road Worcester Worcestershire WR1 3HB United Kingdom
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Modern Accountancy Ltd Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,211 
13,207 
Current assets
Debtors
5
24,771 
27,433 
Cash at bank and in hand
39,701 
41,875 
64,472 
69,308 
Creditors: amounts falling due within one year
6
(43,125)
(28,979)
Net current assets
21,347 
40,329 
Total assets less current liabilities
27,558 
53,536 
Creditors: amounts falling due after more than one year
7
(26,755)
(51,106)
Net assets
803 
2,430 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
703 
2,330 
Shareholders' funds
803 
2,430 
For the period ending 28 February 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 10 June 2025 and were signed on its behalf by
Lee Peet Director Company Registration No. 07529994
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Modern Accountancy Ltd Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
1
Statutory information
Modern Accountancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 07529994. The registered office is Suite 2, Unit 1B Pope Iron Road, Worcester, Worcestershire, WR1 3HB, 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 period, 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:
Plant & machinery
3 years straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 29 February 2024
2,224 
18,719 
20,943 
At 28 February 2025
2,224 
18,719 
20,943 
Depreciation
At 29 February 2024
1,482 
6,254 
7,736 
Charge for the period
742 
6,254 
6,996 
At 28 February 2025
2,224 
12,508 
14,732 
Net book value
At 28 February 2025
- 
6,211 
6,211 
At 28 February 2024
742 
12,465 
13,207 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,771 
27,433 
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Modern Accountancy Ltd Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
14,400 
8,000 
VAT
8,904 
6,856 
Taxes and social security
19,821 
14,123 
43,125 
28,979 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
24,059 
9,774 
Loans from directors
2,696 
41,332 
26,755 
51,106 
8
Average number of employees
During the period the average number of employees was 0 (2024: 0).
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