Company registration number 04448184 (England and Wales)
Modern Engineering Limited
Unaudited
financial statements
for the year ended 30 April 2023
PAGES FOR FILING WITH REGISTRAR
Modern Engineering Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Modern Engineering Limited
Statement Of Financial Position
as at 30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
509
Current assets
Debtors
5,171
7,676
Cash at bank and in hand
6,306
10,392
11,477
18,068
Creditors: amounts falling due within one year
(7,600)
(7,300)
Net current assets
3,877
10,768
Total assets less current liabilities
4,386
10,768
Creditors: amounts falling due after more than one year
(4,050)
(6,000)
Net assets
336
4,768
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
236
4,668
Total equity
336
4,768
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
Modern Engineering Limited
Statement Of Financial Position (continued)
as at 30 April 2023
- 2 -
For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 12 January 2024 and are signed on its behalf by:
B H Heather
Director
Company Registration No. 04448184
Modern Engineering Limited
Notes to the financial statements
for the year ended 30 April 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received or receivable for services provided in the normal course of business.
Turnover is recognised upon the supply of services.
Fixed asset investments
Interests in shares are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
Modern Engineering Limited
Notes to the financial statements (continued)
for the year ended 30 April 2023
- 4 -
3
Fixed asset investments
2023
2022
£
£
Other investments other than loans
509
Fixed asset investments revalued
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 May 2022
-
Additions
3,563
Valuation changes
358
Disposals
(3,412)
At 30 April 2023
509
Carrying amount
At 30 April 2023
509
At 30 April 2022
-
4
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
5
Company information
Modern Engineering Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Gledhow Park Crescent, Chapel Allerton, Leeds, LS7 4JY.