Company Registration No. 9179270 (England and Wales)
MODUS CAPITAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2015
MODUS CAPITAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
MODUS CAPITAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
2015-08-31
- 1 -
Notes
£
£
Fixed assets
Tangible assets
2
750
Current assets
Debtors
575,000
Cash at bank and in hand
22,359
597,359
Creditors: amounts falling due within one year
(135,483)
Net current assets
461,876
Total assets less current liabilities
462,626
Capital and reserves
Called up share capital
3
100
Profit and loss account
462,526
Shareholder's funds
462,626
For the financial Period ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 10 May 2016
Geerish Gukhool
Director
Company Registration No. 9179270
MODUS CAPITAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 AUGUST 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% Reducing balance method
2
Fixed assets
Tangible assets
£
Cost
At 18 August 2014
-
Additions
1,000
At 31 August 2015
1,000
Depreciation
At 18 August 2014 & at 31 August 2015
250
Net book value
At 31 August 2015
750
3
Share capital
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
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