Modus Outcomes Limited - Period Ending 2015-12-31

Registration number: 09527498

Modus Outcomes Limited
 
 Unaudited Abbreviated Accounts
 
 for the Period from 7 April 2015 to 31 December 2015

 

Modus Outcomes Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Modus Outcomes Limited
(Registration number: 09527498)
Abbreviated Balance Sheet at 31 December 2015

		Note			31 December 2015 £
Current assets
Debtors					22,500
Cash at bank and in hand					76,338
					98,838
Creditors: Amounts falling due within one year					(91,838)
Net assets					7,000
Capital and reserves
Called up share capital		2			2
Profit and loss account					6,998
Shareholders' funds					7,000

For the period ending 31 December 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 18 August 2016 and signed on its behalf by:

.........................................
P Marquis
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Modus Outcomes Limited
Notes to the Abbreviated Accounts for the Period from 7 April 2015 to 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers. Turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under contracted terms. For incomplete contracts, an assessment is made of the extent to which turnover has been earned. This assessment takes into account the nature of the assignment, its stage of completion and the relevant contract terms.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company makes pension contributions for eligible employees on a defined contribution scheme basis. Contributions are recognised in the profit and loss account in the period in which they become payable.

2	Share capital

Allotted, called up and fully paid shares

	31 December 2015
		No.			£
Ordinary A Share of £1 each		1			1
Ordinary B Share of £1 each		1			1
		2			2

Page 2

Modus Outcomes Limited
Notes to the Abbreviated Accounts for the Period from 7 April 2015 to 31 December 2015
......... continued

New shares allotted

During the period 1 Ordinary A Share having an aggregate nominal value of £1 was allotted for an aggregate consideration of £1 . This formed the initial issue of share capital at par on incorporation of the company .

During the period 1 Ordinary B Share having an aggregate nominal value of £1 was allotted for an aggregate consideration of £1 . This formed the initial issue of share capital at par on incorporation of the company .

Page 3