Registered number: 08134731
Modern Way Consulting Ltd
Abbreviated accounts
for the year ended 31 March 2016

Modern Way Consulting Ltd

Contents

Modern Way Consulting Ltd

Abbreviated balance sheet

as at 31 March 2016

2016 2015
Notes £ £ £ £
Fixed Assets
Tangible assets 3,492 4,889
Current Asset
Cash at bank and in hand 13,251 21,735
Debtors 14,616 2,569
27,867 24,304
Creditors: amounts falling due within one year 8 (31,289) (24,510)
Net current assets (3,422) (206)
Total assets less current liabilities 71  4,683 
Net assets 71 4,683
Capital and reserves
Share Capital 1 1
Profit and loss account 70 4,682
Shareholder's funds 71 4,683


The directors' statements required by Sections 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.

Modern Way Consulting Ltd

Registered number: 08134731

Abbreviated balance sheet (continued)

Director's statements required by Sections 475(2) and (3)
for the year ended 31 March 2016

In approving these abbreviated accounts as director of the company I hereby confirm:

(a) that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 31 March 2016 ; and
(c) that I acknowledge my responsibilities for:
(1) ensuring that the company keeps accounting records which comply with Section 386 ; and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008) relating to small companies.

The abbreviated accounts were approved by the Board on 27 December 2016 and signed on its behalf by
Georg Fasching
Director

Modern Way Consulting Ltd

Notes to the abbreviated financial statements

for the year ended 31 March 2016

1 Accounting policies
1.1

Basis of preparation

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

1.3

Tangible fixed assets and depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor vehicles 25% straight line
Equipment, fixtures and fittings 25% straight line
1.4

Stocks

Stock is valued at the lower of cost and net realisable value.

5 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2015 7,396 7,396 
Additions 837 837 
Disposals (480) (480)
At 31 March 2016 7,753 7,753 
Depreciation
At 1 April 2015 2,507 2,507 
Charge for the year 1,794 1,794 
On disposals (40) (40)
At 31 March 2016 4,261 4,261 
Net book value
At 31 March 2016 3,492 3,492 
At 31 March 2015 4,889  4,889 


9 Share capital 2016 2015 2016 2015
No No £ £
Allotted, called up and fully paid:
Ordinary shares of £ 1 each 1 1 1 1


12 Controlling interest

The controlling and ultimate controlling party is Georg Fasching, the director of the company, by virtue of the fact that he/she owns 100% of the issued share capital.



13 Transactions with directors
Advances to director
The following director had interest free loans during the year. The movements on these loans are as follows:
Amount owing at end of
2016 2015 Max in year
£ £ £
Director's loan account for Georg Fasching 8,766  2,569  8,766 


14 Going concern

The director has reviewed the twelve months ahead and has considered the company's financial position and notes no material uncertainties that may cast significant doubt about the ability of it to continue as a going concern.



Modern Way Consulting Ltd 08134731 false true 2015-04-01 2016-03-31 2016-03-31 true Members have not required the company to obtain an audit in accordance with section 476 of the Act. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. 08134731 2015-04-01 2016-03-31 08134731 2015-03-31 08134731 2016-03-31 08134731 uk-bus:OrdinaryShareClass1 2016-03-31 08134731 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 08134731 uk-gaap:PlantMachinery 2015-03-31 08134731 uk-gaap:PlantMachinery 2016-03-31 08134731 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 08134731 uk-gaap:MotorVehicles 2015-03-31 08134731 uk-gaap:MotorVehicles 2016-03-31 08134731 uk-gaap:MotorVehicles 2015-04-01 2016-03-31 08134731 uk-gaap:NetGoodwill 2016-03-31 08134731 uk-gaap:NetGoodwill 2015-04-01 08134731 uk-gaap:NetGoodwill 2015-04-01 2016-03-31 08134731 2014-04-01 2015-03-31 08134731 2015-03-31 08134731 uk-bus:OrdinaryShareClass1 2015-03-31 08134731 uk-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 08134731 uk-gaap:PlantMachinery 2015-03-31 2016-03-31 08134731 uk-bus:Director1 2015-03-31 2016-03-31 08134731 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-04-01 2015-03-31 08134731 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-03-31 2016-03-31 08134731 uk-gaap:MotorVehicles 2015-03-31 2016-03-31 iso4217:GBP xbrli:shares