Modern Access Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 15462389

		28 February 2026		28 February 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		63,235		45,244

			63,235		45,244
CURRENT ASSETS
Debtors	5	42,508		13,977
Cash at bank and in hand		1,563		2,963

		44,071		16,940
Creditors: Amounts Falling Due Within One Year	6	(31,478 )		(6,176 )

NET CURRENT ASSETS (LIABILITIES)			12,593		10,764

TOTAL ASSETS LESS CURRENT LIABILITIES			75,828		56,008

Creditors: Amounts Falling Due After More Than One Year	7		(72,296 )		(62,232 )

NET ASSETS/(LIABILITIES)			3,532		(6,224 )

CAPITAL AND RESERVES
Called up share capital	9		120		120
Profit and Loss Account			3,412		(6,344 )

SHAREHOLDERS' FUNDS			3,532		(6,224)

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Modern Access Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 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

14/09/2026

The notes on pages 3 to 5 form part of these 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.

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.

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 the profit and loss account as incurred.

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.

...CONTINUED

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Modern Access Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation - continued

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 year, 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 year was: NIL (2025: NIL)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 March 2025	24,227	25,882	50,109
Additions	28,196	-	28,196

As at 28 February 2026	52,423	25,882	78,305

Depreciation
As at 1 March 2025	1,486	3,379	4,865
Provided during the period	5,704	4,501	10,205

As at 28 February 2026	7,190	7,880	15,070

Net Book Value
As at 28 February 2026	45,233	18,002	63,235

As at 1 March 2025	22,741	22,503	45,244

5. Debtors

	28 February 2026	28 February 2025
	£	£
Due within one year
Trade debtors	12,830	-
Prepayments and accrued income	5,573	1,876
Other debtors	5,453	-
Deferred tax current asset	13,739	12,101
VAT	4,913	-

	42,508	13,977

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Modern Access Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Creditors: Amounts Falling Due Within One Year

	28 February 2026	28 February 2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	5,272
Trade creditors	29,218	121
Other creditors	1,600	750
Taxation and social security	660	33

	31,478	6,176

7. Creditors: Amounts Falling Due After More Than One Year

	28 February 2026	28 February 2025
	£	£
Net obligations under finance lease and hire purchase contracts	17,469	16,394
Other loans	40,000	40,000
Other creditors	14,827	5,838

	72,296	62,232

8. Obligations Under Finance Leases and Hire Purchase

	28 February 2026	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	17,469	16,394

	17,469	21,666

	17,469	21,666

9. Share Capital

	28 February 2026	28 February 2025
	£	£
Allotted, Called up and fully paid	120	120

10. EBITDA

The key performance indicator (KPI) used by management to assess the performance of the business is Earnings before interest, tax, depreciation and amortisation (EBITDA). EBITDA for the financial year ending 28th February 2026 was £20,440.

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