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Unaudited Financial Statements For The Year Ended 31 January 2017 |
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Modulo Investment Services Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements For The Year Ended 31 January 2017 |
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for |
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Modulo Investment Services Limited |
Modulo Investment Services Limited (Registered number: 09376218) |
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Contents of the Financial Statements |
For The Year Ended 31 January 2017 |
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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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Modulo Investment Services Limited |
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Company Information |
For The Year Ended 31 January 2017 |
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DIRECTOR: |
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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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Mill House |
58 Guildford Street |
Chertsey |
Surrey |
KT16 9BE |
Modulo Investment Services Limited (Registered number: 09376218) |
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Balance Sheet |
31 January 2017 |
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31.1.17 | 31.1.16 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings | 7 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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 director on
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Modulo Investment Services Limited (Registered number: 09376218) |
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Notes to the Financial Statements |
For The Year Ended 31 January 2017 |
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1. | STATUTORY INFORMATION |
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Modulo Investment Services Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
In preparing the accounts, the directors have considered whether in applying the accounting policies required by FRS 102 |
the restatement of comparative items was required, and have determined that no restatements were required. In accordance |
with the requirements of FRS 102 a reconciliation of opening balances is therefore not needed. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable and is recognised as investment advisory |
services are provided. |
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Taxation |
Taxation represents the sum of tax currently payable, and deferred tax if material. |
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The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the |
end of the reporting period. |
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Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities |
in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount |
of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable |
that sufficient taxable profits will be available to allow all or part of the asset to be recovered. |
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Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability |
is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end |
of the reporting period. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
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Debtors |
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are |
valued at the amount prepaid net of any trade discounts due. |
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Cash at bank and in hand |
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the |
date of acquisition or opening of the deposit or similar account. |
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Creditors |
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past |
event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be |
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing |
for any trade discounts due. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Modulo Investment Services Limited (Registered number: 09376218) |
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Notes to the Financial Statements - continued |
For The Year Ended 31 January 2017 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.17 | 31.1.16 |
£ | £ |
Trade debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.17 | 31.1.16 |
£ | £ |
Corporation tax |
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Directors' current accounts | - | 120 |
Accrued expenses |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.17 | 31.1.16 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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7. | RESERVES |
Retained |
earnings |
£ |
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At 1 February 2016 |
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Profit for the year |
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Dividends | ( |
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At 31 January 2017 |
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8. | FIRST YEAR ADOPTION |
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This is the first year that the Company has presented its results under FRS 102. The last financial statements under |
previous UK GAAP were for the year ended 31 January 2016 and the date of transition to FRS 102 was 1 February 2015. |
There were no changes in accounting policies as a result of FRS 102 adoption and therefore no need for any reconciliation |
statement. |
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Transitional relief |
On transition to FRS 102, the Company has not needed to take advantage of any transitional reliefs. |