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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2016 |
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MODERN MANAGED SERVICES LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2016 |
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FOR |
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MODERN MANAGED SERVICES LIMITED |
MODERN MANAGED SERVICES LIMITED (REGISTERED NUMBER: 04037710) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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MODERN MANAGED SERVICES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditors |
Britannia Chambers |
26 George Street |
St Helens |
Merseyside |
WA10 1BZ |
MODERN MANAGED SERVICES LIMITED (REGISTERED NUMBER: 04037710) |
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BALANCE SHEET |
31 JULY 2016 |
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31.7.16 | 31.7.15 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 3 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
MODERN MANAGED SERVICES LIMITED (REGISTERED NUMBER: 04037710) |
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BALANCE SHEET - continued |
31 JULY 2016 |
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The financial statements were approved by the Board of Directors on
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MODERN MANAGED SERVICES LIMITED (REGISTERED NUMBER: 04037710) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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1. | STATUTORY INFORMATION |
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Modern Managed Services Limited is a
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The company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about Modern Managed Services Limited as an individual company |
and do not contain consolidated financial information as the parent of a group. The company is exempt under |
Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it |
and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its |
parent, Elitetelecom Holdings PLC, . |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 August 2015 |
and 31 July 2016 |
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NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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The company owns 100% of the ordinary share capital of Freetime Communications Limited. |
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4. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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5. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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M J Newing owns 70% of the issued share capital in Elitetelecom Holdings PLC and as such is the ultimate |
controlling party. |
MODERN MANAGED SERVICES LIMITED (REGISTERED NUMBER: 04037710) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2016 |
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6. | ULTIMATE PARENT COMPANY |
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Elitetelecom Holdings PLC is regarded by the directors as being the company's ultimate parent company. |
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The consolidated accounts of Elitetelecom Holdings PLC can be obtained from Dawson House, Matrix Office |
Park, Buckshaw Village, Chorley, Lancashire, PR7 7NA. |
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7. | FIRST YEAR ADOPTION |
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The policies applied under the entity's previous framework are not materially different to FRS 102 (Section 1A) |
and have not impacted on equity or profit or loss. |
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