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REGISTERED NUMBER: 02485646 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MODUS GAUGES LTD

MODUS GAUGES LTD (REGISTERED NUMBER: 02485646)






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


MODUS GAUGES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M G Dereve
Mr C I Cardy





SECRETARY: Mrs A Dereve





REGISTERED OFFICE: Unit 4c
Woodhall Business Park
Sudbury
Suffolk
CO10 1WH





REGISTERED NUMBER: 02485646 (England and Wales)





ACCOUNTANTS: B W Whiffin & Co Ltd
PO Box 13010
Halstead
Essex
CO9 9BP

MODUS GAUGES LTD (REGISTERED NUMBER: 02485646)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,485 18,303
Investments 5 897,553 897,553
914,038 915,856

CURRENT ASSETS
Stocks 541,702 489,838
Debtors 6 323,872 390,797
Cash at bank 426,569 538,627
1,292,143 1,419,262
CREDITORS
Amounts falling due within one year 7 182,639 463,163
NET CURRENT ASSETS 1,109,504 956,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,023,542

1,871,955

PROVISIONS FOR LIABILITIES 2,893 3,185
NET ASSETS 2,020,649 1,868,770

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,019,649 1,867,770
SHAREHOLDERS' FUNDS 2,020,649 1,868,770

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 directors acknowledge their 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.

MODUS GAUGES LTD (REGISTERED NUMBER: 02485646)

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 Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





M G Dereve - Director


MODUS GAUGES LTD (REGISTERED NUMBER: 02485646)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Modus Gauges Ltd 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.

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 - 25% on reducing balance and 4% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 157,358
Additions 2,521
At 31 March 2023 159,879
DEPRECIATION
At 1 April 2022 139,054
Charge for year 4,340
At 31 March 2023 143,394
NET BOOK VALUE
At 31 March 2023 16,485
At 31 March 2022 18,304

MODUS GAUGES LTD (REGISTERED NUMBER: 02485646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 897,553
NET BOOK VALUE
At 31 March 2023 897,553
At 31 March 2022 897,553

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 323,872 390,797

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 34,166 103,764
Taxation and social security 121,740 106,867
Other creditors 26,733 252,532
182,639 463,163

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
M G Dereve
Balance outstanding at start of year - 167,889
Amounts advanced - 80,292
Amounts repaid - (248,181 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest has been charged on the loan balances using HMRC beneficial loan interest rates.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M G Dereve.