| Modex Design Consultancy Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Modex Design Consultancy Limited for the year ended 30 June 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Modex Design Consultancy Limited for the year ended 30 June 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
| This report is made solely to the Board of Directors of Modex Design Consultancy Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Modex Design Consultancy Limited and state those matters that we have agreed to state to the Board of Directors of Modex Design Consultancy Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Modex Design Consultancy Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Modex Design Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Modex Design Consultancy Limited. You consider that Modex Design Consultancy Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Modex Design Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Rossiter Smith & Co. |
| Chartered Accountants |
| Bank House |
| 1 Burlington Road |
| Bristol |
| BS6 6TJ |
|
| 17 January 2017 |
|
| Modex Design Consultancy Limited |
| Registered number: |
08087510 |
| Abbreviated Balance Sheet |
| as at 30 June 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
543 |
|
|
234 |
|
| Current assets |
| Debtors |
|
|
- |
|
|
710 |
|
| Creditors: amounts falling due within one year |
|
|
(8,561) |
|
|
(12,207) |
|
| Net current liabilities |
|
|
|
(8,561) |
|
|
(11,497) |
|
| Net liabilities |
|
|
|
(8,018) |
|
|
(11,263) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(8,118) |
|
|
(11,363) |
|
| Shareholders' funds |
|
|
|
(8,018) |
|
|
(11,263) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| I D Johnson |
| Director |
| Approved by the board on 17 January 2017 |
|
| Modex Design Consultancy Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Computer equipment |
33% straight line |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Going concern |
|
The directors are satisfied that the company will have positive cash flow for the foreseeable future and have therefore adopted the going concern basis of accounting. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2015 |
8,679 |
|
Additions |
619 |
|
At 30 June 2016 |
9,298 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2015 |
8,445 |
|
Charge for the year |
310 |
|
At 30 June 2016 |
8,755 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2016 |
543 |
|
At 30 June 2015 |
234 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
- |
|
100 |
|
|
|
|
|
|
|
