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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2018 |
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MODERN MANAGED SERVICES LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2018 |
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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 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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MODERN MANAGED SERVICES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2018 |
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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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ACCOUNTANTS: |
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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 2018 |
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31.7.18 | 31.7.17 |
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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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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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 2018 |
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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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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 August 2017 |
and 31 July 2018 |
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NET BOOK VALUE |
At 31 July 2018 |
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At 31 July 2017 |
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The company owns 100% of the ordinary share capital of Freetime Communications Limited. |
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4. | 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. |