REGISTERED NUMBER: 02751364 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2023 to 31 March 2025

for

Modelling Engineering & Development

Company Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

250

511

Current assets

Debtors

5

45,391

46,113

Cash at bank and in hand

199,726

282,952

245,117

329,065

Creditors

Amounts falling due within one year

6

(15,420

)

(97,888

)

Net current assets

229,697

231,177

Total assets less current liabilities

229,947

231,688

Creditors

Amounts falling due after more than one year

7

(14,467

)

(30,000

)

Provisions for liabilities

9

(455

)

(455

)

Net assets

215,025

201,233

Capital and reserves

Called up share capital

100

100

Retained earnings

10

214,925

201,133

Shareholders' funds

215,025

201,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

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 31 December 2024 and were signed by:

Mohamad Al-Dujaili - Director

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 period 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 period 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.

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 period was 9 (2023 - 10 ) .

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 October 2023

and 31 March 2025

26,654

Depreciation

At 1 October 2023

26,143

Charge for period

261

At 31 March 2025

26,404

Net book value

At 31 March 2025

250

At 30 September 2023

511

5.

Debtors: amounts falling due within one year

31.3.25

30.9.23

£

£

Trade debtors

24,032

25,580

Other debtors

5,657

5,657

Staff loans

6,662

6,662

VAT

9,040

8,214

45,391

46,113

6.

Creditors: amounts falling due within one year

31.3.25

30.9.23

£

£

Trade creditors

15,269

92,768

Corporation tax

151

36

Social security and other taxes

-

5,084

15,420

97,888

7.

Creditors: amounts falling due after more than one year

31.3.25

30.9.23

£

£

Bank loans (see note 8)

14,467

30,000

8.

Loans

An analysis of the maturity of loans is given below:

31.3.25

30.9.23

£

£

Amounts falling due between one and two years:

Bank loans > 1 year

14,467

30,000

9.	Provisions for liabilities

31.3.25

30.9.23

£

£

Deferred tax

Accelerated capital allowances

455

455

Deferred tax

£

Balance at 1 October 2023

Prior year adjustment

455

As restated

455

Balance at 31 March 2025

455

10.

Reserves

Retained

earnings

£

At 1 October 2023

201,133

Profit for the period

100,385

Dividends

(86,593

)

At 31 March 2025

214,925