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REGISTERED NUMBER: 02751364 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Modelling Engineering & Development
Company Limited

Modelling Engineering & Development
Company Limited (Registered number: 02751364)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Modelling Engineering & Development
Company Limited (Registered number: 02751364)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £ £
Fixed assets
Tangible assets 4 511 682

Current assets
Debtors 5 46,113 113,669
Cash at bank and in hand 282,952 369,220
329,065 482,889
Creditors
Amounts falling due within one year 6 (12,161 ) (141,404 )
Net current assets 316,904 341,485
Total assets less current liabilities 317,415 342,167

Creditors
Amounts falling due after more than
one year

7

(30,000

)

(40,000

)

Provisions for liabilities 9 (455 ) (455 )
Net assets 286,960 301,712

Capital and reserves
Called up share capital 10 100 100
Retained earnings 11 286,860 301,612
Shareholders' funds 286,960 301,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Modelling Engineering & Development
Company Limited (Registered number: 02751364)

Balance Sheet - continued
30 September 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 19 June 2024 and were signed by:





Mohamad Al-Dujaili - Director


Modelling Engineering & Development
Company Limited (Registered number: 02751364)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. Statutory information

Modelling Engineering & Development Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02751364

Registered office: Medco House
Monument Way East
Woking
Surrey
GU21 5LY

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.

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.

Modelling Engineering & Development
Company Limited (Registered number: 02751364)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. Accounting policies - continued

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 10 (2022 - 12 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 October 2022
and 30 September 2023 26,654
Depreciation
At 1 October 2022 25,972
Charge for year 171
At 30 September 2023 26,143
Net book value
At 30 September 2023 511
At 30 September 2022 682

5. Debtors: amounts falling due within one year
30.9.23 30.9.22
£ £
Trade debtors 25,580 88,080
Other debtors 5,657 657
Staff loans 6,662 6,662
VAT 8,214 18,270
46,113 113,669

6. Creditors: amounts falling due within one year
30.9.23 30.9.22
£ £
Trade creditors 7,041 135,357
Corporation tax 36 -
Social security and other taxes 5,084 6,047
12,161 141,404

Modelling Engineering & Development
Company Limited (Registered number: 02751364)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. Creditors: amounts falling due after more than one year
30.9.23 30.9.22
£ £
Bank loans (see note 8) 30,000 40,000

8. Loans

An analysis of the maturity of loans is given below:

30.9.23 30.9.22
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 30,000 40,000

9. Provisions for liabilities
30.9.23 30.9.22
£ £
Deferred tax
Accelerated capital allowances 455 455

** CLIENT SCREEN - PROVISIONS FOR LIABILITIES AND CHARGES - MOVEMENTS IN PROVISIONS ETC - SHOULD BE COMPLETED IN RESPECT OF DEFERRED TAX

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £ £
100 Ordinaryu shares 1 100 100

11. Reserves
Retained
earnings
£

At 1 October 2022 301,612
Deficit for the year (14,752 )
At 30 September 2023 286,860