Company Registration No. 12559115 (England and Wales)
MODULE INCORPORATED LTD
Unaudited accounts
for the year ended 30 April 2024
MODULE INCORPORATED LTD
Unaudited accounts
Contents
MODULE INCORPORATED LTD
Company Information
for the year ended 30 April 2024
Directors
Mr Asif Rafiq
Mr Imtiaz Ali
Mr Khaliq Nawaz Malik
Dr Waqar Mohmand
Mr Nauman Ahmad
Mr Shahid Khan
Dr Raquia Bano Mian
Company Number
12559115 (England and Wales)
Registered Office
C/O ACCOUNTS AND FINANCE CONSULTANTS LTD
GREAT WEST ROAD
BRENTFORD
TW8 9DW
ENGLAND
Accountants
Accounts & Finance Consultants Ltd
1000 Great West Road
Brentford
London
Middlesex
TW8 9DW
MODULE INCORPORATED LTD
Statement of financial position
as at 30 April 2024
Intangible assets
1,050,000
1,050,000
Cash at bank and in hand
1,234
2,542
Creditors: amounts falling due within one year
(31,620)
(18,760)
Net current liabilities
(30,287)
(13,741)
Net assets
1,019,713
1,036,259
Called up share capital
1,062,500
1,062,500
Revaluation reserve
82,081
82,081
Profit and loss account
(124,868)
(108,322)
Shareholders' funds
1,019,713
1,036,259
For the year ending 30 April 2024 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 12 August 2024 and were signed on its behalf by
Mr Asif Rafiq
Director
Company Registration No. 12559115
MODULE INCORPORATED LTD
Notes to the Accounts
for the year ended 30 April 2024
MODULE INCORPORATED LTD is a private company, limited by shares, registered in England and Wales, registration number 12559115. The registered office is C/O ACCOUNTS AND FINANCE CONSULTANTS LTD, GREAT WEST ROAD, BRENTFORD, TW8 9DW, ENGLAND.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 April 2024
1,050,000
At 30 April 2024
1,050,000
At 30 April 2023
1,050,000
The addition of Intangible asset relates to a product developed by the company. After award of the patent during the financial year, the product has been revalued at £1,050,000 as per a board meeting and investment received at the time. New shares were issued at the same time and revalued in lieu of the agreed valuation. Policy for amortisation is deferred for the year.
Amounts falling due within one year
Accrued income and prepayments
(10)
(10)
MODULE INCORPORATED LTD
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
28,146
18,760
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
1,062,499 Ordinary shares issued during the year of £1 each
1,062,499
1,062,499
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).