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REGISTERED NUMBER: 08767196 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ALL ABOUT MODULAR LIMITED

ALL ABOUT MODULAR LIMITED (REGISTERED NUMBER: 08767196)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALL ABOUT MODULAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: W M Massey





REGISTERED OFFICE: Hillfield House
41 The Pastures
Long Bennington
Newark
Nottinghamshire
NG23 5EG





REGISTERED NUMBER: 08767196 (England and Wales)





ACCOUNTANTS: GreenStones Limited
9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR

ALL ABOUT MODULAR LIMITED (REGISTERED NUMBER: 08767196)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,895 16,141
Investment property 5 649,839 649,839
781,734 665,980

CURRENT ASSETS
Debtors 6 30,458 37,630
Cash at bank 187,129 414,449
217,587 452,079
CREDITORS
Amounts falling due within one
year

7

55,027

222,429
NET CURRENT ASSETS 162,560 229,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

944,294

895,630

PROVISIONS FOR LIABILITIES 27,405 3,067
NET ASSETS 916,889 892,563

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 916,789 892,463
SHAREHOLDERS' FUNDS 916,889 892,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

ALL ABOUT MODULAR LIMITED (REGISTERED NUMBER: 08767196)

BALANCE SHEET - continued
31 MAY 2024


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 18 February 2025 and were signed by:





W M Massey - Director


ALL ABOUT MODULAR LIMITED (REGISTERED NUMBER: 08767196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

All About Modular Limited 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

ALL ABOUT MODULAR LIMITED (REGISTERED NUMBER: 08767196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 2,253 15,718 41,025 7,524 66,520
Additions - - 134,472 1,167 135,639
At 31 May 2024 2,253 15,718 175,497 8,691 202,159
DEPRECIATION
At 1 June 2023 48 13,982 30,390 5,959 50,379
Charge for year 551 1,736 16,667 931 19,885
At 31 May 2024 599 15,718 47,057 6,890 70,264
NET BOOK VALUE
At 31 May 2024 1,654 - 128,440 1,801 131,895
At 31 May 2023 2,205 1,736 10,635 1,565 16,141

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 649,839
NET BOOK VALUE
At 31 May 2024 649,839
At 31 May 2023 649,839

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,552 37,310
Accrued Income 1,350 -
Prepayments 1,556 320
30,458 37,630

ALL ABOUT MODULAR LIMITED (REGISTERED NUMBER: 08767196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,233 3,589
Tax - 61,343
Social security and other taxes 932 599
CIS 270 460
VAT 16,766 41,372
Other creditors - 402
Directors' loan accounts 28,335 96,230
Deferred income - 475
Accrued expenses 5,491 17,959
55,027 222,429

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
W M Massey
Balance outstanding at start of year (96,229 ) (69,286 )
Amounts advanced 111,018 48,687
Amounts repaid (43,124 ) (75,630 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28,335 ) (96,229 )

These loans are unsecured.

9. ULTIMATE CONTROLLING PARTY

The controlling party is W M Massey.