Company Registration No. 9608260 (England and Wales)
MODUBUILD LIMITED
Unaudited accounts
for the year ended 31 May 2022
MODUBUILD LIMITED
Unaudited accounts
Contents
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
MODUBUILD LIMITED
Statement of financial position
as at 31 May 2022
Tangible assets
1,729
7,642
Cash at bank and in hand
820
9,958
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
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
MODUBUILD LIMITED
Notes to the Accounts
for the year ended 31 May 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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 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.
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
Disposals
(18,323)
-
-
(18,323)
At 31 May 2022
-
3,484
2,665
6,149
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
At 31 May 2022
-
989
740
1,729
At 31 May 2021
6,308
594
740
7,642
Carrying values included above held under finance leases and hire purchase contracts:
£
£
5
Debtors: amounts falling due within one year
2022
2021
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
MODUBUILD LIMITED
Notes to the Accounts
for the year ended 31 May 2022
7
Deferred taxation
2022
2021
Accelerated capital allowances
425
425
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
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).