Acorah Software Products - Accounts Production 16.3.350 false true true false 2 February 2024 28 February 2025 28 February 2025 15462389 Mr Lewis Edwards Mr Maurice Edgington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15462389 2024-02-01 15462389 2025-02-28 15462389 2024-02-02 2025-02-28 15462389 frs-core:CurrentFinancialInstruments 2025-02-28 15462389 frs-core:Non-currentFinancialInstruments 2025-02-28 15462389 frs-core:BetweenOneFiveYears 2025-02-28 15462389 frs-core:MotorVehicles 2025-02-28 15462389 frs-core:MotorVehicles 2024-02-02 2025-02-28 15462389 frs-core:MotorVehicles 2024-02-01 15462389 frs-core:PlantMachinery 2025-02-28 15462389 frs-core:PlantMachinery 2024-02-02 2025-02-28 15462389 frs-core:PlantMachinery 2024-02-01 15462389 frs-core:WithinOneYear 2025-02-28 15462389 frs-core:ShareCapital 2025-02-28 15462389 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 15462389 frs-bus:PrivateLimitedCompanyLtd 2024-02-02 2025-02-28 15462389 frs-bus:FilletedAccounts 2024-02-02 2025-02-28 15462389 frs-bus:SmallEntities 2024-02-02 2025-02-28 15462389 frs-bus:AuditExempt-NoAccountantsReport 2024-02-02 2025-02-28 15462389 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-02 2025-02-28 15462389 frs-bus:Director1 2024-02-02 2025-02-28 15462389 frs-bus:CompanySecretary1 2024-02-02 2025-02-28 15462389 frs-countries:EnglandWales 2024-02-02 2025-02-28
Registered number: 15462389
Modern Access Limited
Financial Statements
For the Period 2 February 2024 to 28 February 2025
Bentley Financial Solutions
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15462389
28 February 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 45,244
45,244
CURRENT ASSETS
Debtors 5 13,977
Cash at bank and in hand 2,963
16,940
Creditors: Amounts Falling Due Within One Year 6 (6,176 )
NET CURRENT ASSETS (LIABILITIES) 10,764
TOTAL ASSETS LESS CURRENT LIABILITIES 56,008
Creditors: Amounts Falling Due After More Than One Year 7 (62,232 )
NET LIABILITIES (6,224 )
CAPITAL AND RESERVES
Called up share capital 9 120
Profit and Loss Account (6,344 )
SHAREHOLDERS' FUNDS (6,224)
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lewis Edwards
Director
31/10/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Modern Access Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15462389 . The registered office is Unit 6 Maida Vale Business Centre, Cheltenham, GL53 7ER.
Incorporation and First Period Of Account
Modern Access Limited was incorporated on 02 Feb 2024, and presents its first accounts from incorporation to 28 Feb 2025. Trading commenced on 24 October 2024 and the company includes pre-operating costs within the profit and loss for this long period of account.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The company made a loss in its first period of account, but the director stands behind the business and this was the expected result following only a partial year of trading. The director is confident that future profits will be generated.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 2 February 2024 - - -
Additions 24,227 25,882 50,109
As at 28 February 2025 24,227 25,882 50,109
Depreciation
As at 2 February 2024 - - -
Provided during the period 1,486 3,379 4,865
As at 28 February 2025 1,486 3,379 4,865
Net Book Value
As at 28 February 2025 22,741 22,503 45,244
As at 2 February 2024 - - -
5. Debtors
28 February 2025
£
Due within one year
Prepayments and accrued income 1,876
Deferred tax current asset 12,101
13,977
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6. Creditors: Amounts Falling Due Within One Year
28 February 2025
£
Net obligations under finance lease and hire purchase contracts 5,272
Trade creditors 121
Other creditors 750
Taxation and social security 33
6,176
7. Creditors: Amounts Falling Due After More Than One Year
28 February 2025
£
Net obligations under finance lease and hire purchase contracts 16,394
Other loans 40,000
Other creditors 5,838
62,232
8. Obligations Under Finance Leases and Hire Purchase
28 February 2025
£
The future minimum finance lease payments are as follows:
Not later than one year 5,272
Later than one year and not later than five years 16,394
21,666
21,666
9. Share Capital
28 February 2025
£
Allotted, Called up and fully paid 120
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