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REGISTERED NUMBER: 09310736 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Moduron Gp Motors Cyf

Moduron Gp Motors Cyf (Registered number: 09310736)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Moduron Gp Motors Cyf (Registered number: 09310736)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 8,000
Tangible assets 5 558,050 271,597
565,050 279,597

CURRENT ASSETS
Stocks 304,105 175,937
Debtors 6 99,372 127,313
Cash at bank and in hand 1,697 25,184
405,174 328,434
CREDITORS
Amounts falling due within one year 7 328,872 189,046
NET CURRENT ASSETS 76,302 139,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

641,352

418,985

CREDITORS
Amounts falling due after more than one
year

8

(204,572

)

(120,187

)

PROVISIONS FOR LIABILITIES (54,354 ) (41,801 )
NET ASSETS 382,426 256,997

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 382,326 256,897
382,426 256,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

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

Moduron Gp Motors Cyf (Registered number: 09310736)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





Mr G Parry - Director


Moduron Gp Motors Cyf (Registered number: 09310736)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Moduron Gp Motors Cyf 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: 09310736

Registered office: 1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Moduron Gp Motors Cyf (Registered number: 09310736)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 10,000
AMORTISATION
At 1 December 2023 2,000
Charge for year 1,000
At 30 November 2024 3,000
NET BOOK VALUE
At 30 November 2024 7,000
At 30 November 2023 8,000

Moduron Gp Motors Cyf (Registered number: 09310736)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 40,528 364,487 405,015
Additions 249,768 99,363 349,131
Disposals - (6,674 ) (6,674 )
At 30 November 2024 290,296 457,176 747,472
DEPRECIATION
At 1 December 2023 - 133,418 133,418
Charge for year - 60,327 60,327
Eliminated on disposal - (4,323 ) (4,323 )
At 30 November 2024 - 189,422 189,422
NET BOOK VALUE
At 30 November 2024 290,296 267,754 558,050
At 30 November 2023 40,528 231,069 271,597

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 92,460 124,497
Other debtors 6,912 2,816
99,372 127,313

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 85,574 465
Hire purchase contracts 36,995 14,478
Trade creditors 87,710 79,892
Taxation and social security 63,345 65,555
Other creditors 55,248 28,656
328,872 189,046

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 139,405 25,785
Hire purchase contracts 65,167 49,832
Other creditors - 44,570
204,572 120,187

Moduron Gp Motors Cyf (Registered number: 09310736)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.24 30.11.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 60,887 -