Registered number: 08134731

Modern Way Consulting Ltd
Unaudited Financial Statements
for the year ended 31 March 2017

Statement of Financial Position

as at 31 March 2017

  2017
Restated
2016
   
£ £
 
£ £
Called up share capital not paid  
  -  
 
  -  
Fixed assets  
  2,775  
 
  3,493  
Current assets  
39,763    
 
27,867    
Prepayments and accrued income  
-    
 
-    
Creditors: amounts falling due within one year  
( 22,666 )  
 
( 31,289 )  
Net current assets (liabilities)  
  17,097  
 
  ( 3,422 )
Total assets less current liabilities  
  19,872  
 
  71  
Creditors: amounts falling due after more than one year  
  -  
 
  -  
Provisions for liabilities  
  -  
 
  -  
Accruals and deferred income  
  -  
 
  -  
Net assets  
  19,872  
 
  71  
     
Capital and reserves  
  19,872  
 
  71  

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Footnotes to the Statement of Financial Position

Georg Fasching

1. Directors’ benefits: advances, credit and guarantees

Georg Fasching

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £474 by Georg Fasching, a director of the company, on 26/03/2017.

During the accounting year the maximum amount repayable to Georg Fasching was £474

The following conditions are attached to amount payable to Georg Fasching:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid by the company.
Opening balance 01/04/2016 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 31/03/2017
£ £ £ £ £ £ £
( 8,766 ) ( 23,611 )
( 23,611 )
32,851
32,851  
0 0 0 474  

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31/03/2017 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 directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and the preparation of accounts

The company was trading for the entire period 2016-04-01 2017-03-31 2017-03-31 business consultancy 2017-11-28



Approved by the board of directors and signed on behalf of the board,

Modern Way Consulting Ltd
Director Georg Fasching
Company registration number: 08134731