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Company Registration No. 07529994 (England and Wales)
Modern Accountancy Ltd Unaudited accounts for the year ended 28 February 2026
Modern Accountancy Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Modern Accountancy Ltd Company Information for the year ended 28 February 2026
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 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
27,784 
6,211 
Current assets
Debtors
5
31,027 
24,771 
Cash at bank and in hand
109,557 
39,701 
140,584 
64,472 
Creditors: amounts falling due within one year
6
(22,567)
(43,125)
Net current assets
118,017 
21,347 
Total assets less current liabilities
145,801 
27,558 
Creditors: amounts falling due after more than one year
7
(145,457)
(26,755)
Net assets
344 
803 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
244 
703 
Shareholders' funds
344 
803 
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 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 2 March 2026 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 year ended 28 February 2026
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 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:
Plant & machinery
3 years straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2025
2,224 
- 
18,719 
20,943 
Additions
- 
30,980 
- 
30,980 
At 28 February 2026
2,224 
30,980 
18,719 
51,923 
Depreciation
At 1 March 2025
2,224 
- 
12,508 
14,732 
Charge for the year
- 
3,196 
6,211 
9,407 
At 28 February 2026
2,224 
3,196 
18,719 
24,139 
Net book value
At 28 February 2026
- 
27,784 
- 
27,784 
At 28 February 2025
- 
- 
6,211 
6,211 
5
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,027 
24,771 
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Modern Accountancy Ltd Notes to the Accounts for the year ended 28 February 2026
6
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Bank loans and overdrafts
2,000 
14,400 
VAT
11,075 
8,904 
Taxes and social security
9,492 
19,821 
22,567 
43,125 
7
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Bank loans
- 
24,059 
Loans from directors
145,457 
2,696 
145,457 
26,755 
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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