Registered number
04648599
Module Solutions Limited
Filleted Accounts
30 April 2024
Module Solutions Limited
Registered number: 04648599
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,113 4,151
Investments 4 97,717 101,369
100,830 105,520
Current assets
Debtors 5 73,774 193,986
Cash at bank 162,013 176,896
235,787 370,882
Creditors: amounts falling due within one year 6 (122,429) (254,205)
Net current assets 113,358 116,677
Total assets less current liabilities 214,188 222,197
Provisions for liabilities (778) (789)
Net assets 213,410 221,408
Capital and reserves
Called up share capital 2 2
Profit and loss account 213,408 221,406
Shareholder's funds 213,410 221,408
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Simon Carter
Director
Approved by the board on 20 January 2025
Module Solutions Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax, of goods and services provided to customers during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at the following rates in order to write off the assets over their estimated useful life as follows:
Motor vehicles 25% reducing balance basis
Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and if the shares are traded publicaly or if their fair value can be measured reliably, are subsequently measured at fair value at each reporting date. Changes in value are recognised in the Profit and Loss Account. Transaction costs are expensed as incurred.
Deferred tax
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2023 17,495
At 30 April 2024 17,495
Depreciation
At 1 May 2023 13,344
Charge for the year 1,038
At 30 April 2024 14,382
Net book value
At 30 April 2024 3,113
At 30 April 2023 4,151
4 Fixed asset investments
Other
investments
At valuation £
At 1 May 2023 101,369
Additions 25,174
Valuation changes (28,826)
At 30 April 2024 97,717
Historical cost
At 1 May 2023 151,238
Additions 25,174
Disposal -
At 30 April 2024 176,412
5 Debtors 2024 2023
£ £
Trade debtors 57 133,190
Director's loan account 58,538 58,546
Other debtors 15,179 2,250
73,774 193,986
The company loan to the director is interest free and is repayable on demand.
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 47,612 78,988
Other creditors 74,817 175,217
122,429 254,205
7 Other information
Module Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit F, Bourne End Business Park
Cores End Road
Bourne End
Buckinghamshire
SL8 5AS
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