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REGISTERED NUMBER: 09520165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Modular Workspace Limited

Modular Workspace Limited (Registered number: 09520165)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Modular Workspace Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Healey





REGISTERED OFFICE: The Church
North Street
Stoke Sub Hamdon
Somerset
TA14 6QP





REGISTERED NUMBER: 09520165 (England and Wales)





ACCOUNTANTS: Anderson & Co. Accountancy Limited
Beechwood
88 West Street
South Petherton
Somerset
TA13 5DJ

Modular Workspace Limited (Registered number: 09520165)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,780 1,644

CURRENT ASSETS
Debtors 5 2,020 111
Cash at bank and in hand 242,755 27,168
244,775 27,279
CREDITORS
Amounts falling due within one year 6 87,128 40,576
NET CURRENT ASSETS/(LIABILITIES) 157,647 (13,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,427

(11,653

)

PROVISIONS FOR LIABILITIES 2,998 -
NET ASSETS/(LIABILITIES) 170,429 (11,653 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 170,419 (11,663 )
SHAREHOLDERS' FUNDS 170,429 (11,653 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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 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.

Modular Workspace Limited (Registered number: 09520165)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:





M Healey - Director


Modular Workspace Limited (Registered number: 09520165)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Modular Workspace Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and at variable rates on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Modular Workspace Limited (Registered number: 09520165)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 5,430
Additions 18,315
At 31 March 2023 23,745
DEPRECIATION
At 1 April 2022 3,786
Charge for year 4,179
At 31 March 2023 7,965
NET BOOK VALUE
At 31 March 2023 15,780
At 31 March 2022 1,644

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 744 -
Other debtors 1,276 111
2,020 111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 9,548 1,081
Taxation and social security 59,045 5,035
Other creditors 18,535 34,460
87,128 40,576

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

Modular Workspace Limited (Registered number: 09520165)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. RELATED PARTY DISCLOSURES - continued

The company operates a current account with the directors and the activity during the year was as follows:
31.3.23 31.3.22
M Healy £    £   
Amount owed to director at end of year 16571 33301
Amount owed to director at start of year 33301 21215



The amount owed to the director is interest free and repayable on demand.