Modular Fabrications Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06579595

Modular Fabrications Limited

Filleted Unaudited Financial Statements

30 April 2025

Modular Fabrications Limited

Balance Sheet

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		26,656	44,711

Current assets

Stocks		688,351	490,402
Debtors	6	1,765,116	1,194,066
Cash at bank and in hand		202,893	143,009
		------------	------------
		2,656,360	1,827,477

Creditors: amounts falling due within one year	7	1,636,234		742,535
		------------		------------
Net current assets			1,020,126	1,084,942
			------------	------------
Total assets less current liabilities			1,046,782	1,129,653
			------------	------------
Net assets			1,046,782	1,129,653
			------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,046,682	1,129,553
	------------	------------
Shareholders funds	1,046,782	1,129,653
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Modular Fabrications Limited

Balance Sheet (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr K J Greenyer

Director

Company registration number: 06579595

Modular Fabrications Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Furniture and fixtures	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 5 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 May 2024 and 30 April 2025	159,997	21,087	181,084
	---------	--------	---------
Depreciation
At 1 May 2024	118,126	18,247	136,373
Charge for the year	16,635	1,420	18,055
	---------	--------	---------
At 30 April 2025	134,761	19,667	154,428
	---------	--------	---------
Carrying amount
At 30 April 2025	25,236	1,420	26,656
	---------	--------	---------
At 30 April 2024	41,871	2,840	44,711
	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	759,451	146,419
Other debtors	1,005,665	1,047,647
	------------	------------
	1,765,116	1,194,066
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	774,854	610,178
Corporation tax	55,801	27,595
Social security and other taxes	232,630	57,081
Other creditors	572,949	47,681
	------------	---------
	1,636,234	742,535
	------------	---------

8. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	1,224,083	863,687
	------------	---------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	1,347,899	657,960
	------------	---------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	5,667	5,667
Later than 1 year and not later than 5 years	4,250	9,916
	-------	--------
	9,917	15,583
	-------	--------

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr K J Greenyer	–	( 100,000)	( 100,000)
Mr S P Burrows	–	( 100,000)	( 100,000)
	----	---------	---------
	–	( 200,000)	( 200,000)
	----	---------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr K J Greenyer	–	–	–
Mr S P Burrows	–	–	–
	----	----	----
	–	–	–
	----	----	----

11. Related party transactions

During the year the company made sales to GBE Services Limited of £2,276,626 (2024 - £2,276,626) and purchases of £17,869 (2024 - £nil). Mr Greenyer and Mr Burrows are both directors and shareholders in GBE Services Limited. At the year end the company was owed £244,435 (2024 - £497,133) by GBE Services Limited. The company was charged rent of £205,600 (2024 - £205,600) by GBE Developments Limited, a company in which Mr Greenyer and Mr Burrows are both directors and shareholders. At the year end the company owed £46,761 (2024 - £41,120) to GBE Developments Limited. The company also made sales of £300,000 (2024 - £954,783) to Industrial Materials Supply Logistics Limited and purchases of £259,970 (2024 - £122,545). Both Mr Greenyer and Mr Burrows are directors and shareholders in this company. At the year end the company was owed £nil (2024 - £60,337). The company also made sales of £311,249 (2024 - £60,000) to, and purchases of £5,446 (2024 - £nil) from GBE Services London Limited, a company in which Mr Greenyer and Mr Burrows are both directors and shareholders. At the year end the company was owed £17,305 (2024 - £16,789) by GBE Services London Limited.