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Company Registration No. 9608260 (England and Wales)
MODUBUILD LIMITED Unaudited accounts for the year ended 31 May 2022
MODUBUILD LIMITED Unaudited accounts Contents
Page
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MODUBUILD LIMITED Company Information for the year ended 31 May 2022
Directors
Alan Booker David Ripon
Company Number
9608260 (England and Wales)
Registered Office
111 High Street LINCOLN United kingdom Ln24DB United Kingdom
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Alchemy AAA Certified Public Accountants Big Barn, East Farm, Atterby, Market Rasen Lincolnshire LN8 2BJ
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MODUBUILD LIMITED Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,729 
7,642 
Current assets
Debtors
8,017 
6,614 
Cash at bank and in hand
820 
9,958 
8,837 
16,572 
Creditors: amounts falling due within one year
(7,674)
(14,456)
Net current assets
1,163 
2,116 
Total assets less current liabilities
2,892 
9,758 
Provisions for liabilities
Deferred tax
(425)
(425)
Net assets
2,467 
9,333 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,367 
9,233 
Shareholders' funds
2,467 
9,333 
For the year ending 31 May 2022 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 the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2022 and were signed on its behalf by
Alan Booker Director Company Registration No. 9608260
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MODUBUILD LIMITED Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
MODUBUILD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9608260. The registered office is 111 High Street, LINCOLN, United kingdom, Ln24DB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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MODUBUILD LIMITED Notes to the Accounts for the year ended 31 May 2022
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2021
18,323 
3,089 
2,665 
24,077 
Additions
- 
395 
- 
395 
Disposals
(18,323)
- 
- 
(18,323)
At 31 May 2022
- 
3,484 
2,665 
6,149 
Depreciation
At 1 June 2021
12,015 
2,495 
1,925 
16,435 
On disposals
(12,015)
- 
- 
(12,015)
At 31 May 2022
- 
2,495 
1,925 
4,420 
Net book value
At 31 May 2022
- 
989 
740 
1,729 
At 31 May 2021
6,308 
594 
740 
7,642 
2022 
2021 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
6,308 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
121 
323 
Trade debtors
- 
3,695 
Other debtors
7,896 
2,596 
8,017 
6,614 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
3,454 
Taxes and social security
3,639 
7,903 
Loans from directors
4,035 
503 
Deferred income
- 
2,596 
7,674 
14,456 
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MODUBUILD LIMITED Notes to the Accounts for the year ended 31 May 2022
7
Deferred taxation
2022 
2021 
£ 
£ 
Accelerated capital allowances
425 
425 
2022 
2021 
£ 
£ 
Provision at start of year
425 
909 
Credited to the profit and loss account
- 
(484)
Provision at end of year
425 
425 
Accelerated capital allowances carried forward £425
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary voting shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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