IRIS Accounts Production v26.1.0.640 03729205 Board of Directors 1.1.25 31.12.25 31.12.25 false true false false true false A Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03729205 2024-12-31 03729205 2025-12-31 03729205 2025-01-01 2025-12-31 03729205 2023-12-31 03729205 2024-01-01 2024-12-31 03729205 2024-12-31 03729205 ns15:EnglandWales 2025-01-01 2025-12-31 03729205 ns14:PoundSterling 2025-01-01 2025-12-31 03729205 ns10:Director1 2025-01-01 2025-12-31 03729205 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03729205 ns10:SmallEntities 2025-01-01 2025-12-31 03729205 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 03729205 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 03729205 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03729205 ns10:FullAccounts 2025-01-01 2025-12-31 03729205 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 03729205 ns10:Director2 2025-01-01 2025-12-31 03729205 ns10:Director3 2025-01-01 2025-12-31 03729205 ns10:Director4 2025-01-01 2025-12-31 03729205 ns10:CompanySecretary1 2025-01-01 2025-12-31 03729205 ns10:RegisteredOffice 2025-01-01 2025-12-31 03729205 ns5:CurrentFinancialInstruments 2025-12-31 03729205 ns5:CurrentFinancialInstruments 2024-12-31 03729205 ns5:Non-currentFinancialInstruments 2025-12-31 03729205 ns5:Non-currentFinancialInstruments 2024-12-31 03729205 ns5:ShareCapital 2025-12-31 03729205 ns5:ShareCapital 2024-12-31 03729205 ns5:RevaluationReserve 2025-12-31 03729205 ns5:RevaluationReserve 2024-12-31 03729205 ns5:CapitalRedemptionReserve 2025-12-31 03729205 ns5:CapitalRedemptionReserve 2024-12-31 03729205 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 03729205 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 03729205 ns5:LeaseholdImprovements 2025-01-01 2025-12-31 03729205 ns5:PlantMachinery 2025-01-01 2025-12-31 03729205 ns5:FurnitureFittings 2025-01-01 2025-12-31 03729205 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-12-31 03729205 ns5:LeaseholdImprovements 2024-12-31 03729205 ns5:PlantMachinery 2024-12-31 03729205 ns5:FurnitureFittings 2024-12-31 03729205 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 03729205 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-12-31 03729205 ns5:LeaseholdImprovements 2025-12-31 03729205 ns5:PlantMachinery 2025-12-31 03729205 ns5:FurnitureFittings 2025-12-31 03729205 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-12-31 03729205 ns5:LeaseholdImprovements 2024-12-31 03729205 ns5:PlantMachinery 2024-12-31 03729205 ns5:FurnitureFittings 2024-12-31 03729205 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-12-31 03729205 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-01-01 2025-12-31 03729205 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-12-31 03729205 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-12-31 03729205 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 03729205 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 03729205 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-12-31 03729205 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-12-31 03729205 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-12-31 03729205 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-12-31 03729205 ns5:Secured 2025-12-31 03729205 ns5:Secured 2024-12-31 03729205 ns10:OrdinaryShareClass1 2025-12-31 03729205 ns5:RevaluationReserve 2024-12-31

REGISTERED NUMBER: 03729205 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MODUFLEX LTD.

| MODUFLEX LTD. (REGISTERED NUMBER: 03729205) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MODUFLEX LTD. |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | A R Blunden

| A P Peachey

| R E Blunden

| C L Williams

| SECRETARY: | A R Blunden

| REGISTERED OFFICE: | Northside 18

| Fourth Way

| Avonmouth

| Bristol

| BS11 8DX

| REGISTERED NUMBER: | 03729205 (England and Wales)

| ACCOUNTANTS: | Lawes & Co

| Boyce's Building

| 40-42 Regent Street

| Clifton

| Bristol

| BS8 4HU

| MODUFLEX LTD. (REGISTERED NUMBER: 03729205) |

BALANCE SHEET

31 DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,720,913 |  | 2,719,265 |  |

CURRENT ASSETS

Stocks | 284,124 |  | 393,872 |  |

Debtors | 5 | 1,320,380 |  | 1,083,594 |  |

Cash at bank and in hand | 35,665 |  | 26,401 |  |

1,640,169 |  | 1,503,867 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,139,422 |  | 2,477,072 |  |

NET CURRENT LIABILITIES | (499,253 | ) | (973,205 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,221,660 |  | 1,746,060 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (891,640 | ) | (367,162 | ) |

PROVISIONS FOR LIABILITIES | (306,262 | ) | (361,623 | ) |

NET ASSETS | 1,023,758 |  | 1,017,275 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 245 |  | 245 |  |

Revaluation reserve | 10 | 882,668 |  | 843,905 |  |

Capital redemption reserve | 255 |  | 255 |  |

Retained earnings | 140,590 |  | 172,870 |  |

SHAREHOLDERS' FUNDS | 1,023,758 |  | 1,017,275 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| MODUFLEX LTD. (REGISTERED NUMBER: 03729205) |

BALANCE SHEET - continued

31 DECEMBER 2025

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 Board of Directors and authorised for issue on 9 April 2026 and were signed on its behalf by:

C L Williams - Director

| MODUFLEX LTD. (REGISTERED NUMBER: 03729205) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Moduflex Ltd. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Improvements to property | - | in accordance with the property

| Plant and machinery | - | 10% on cost

| Fixtures and fittings | - | 25% on cost

| Stocks

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

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

| MODUFLEX LTD. (REGISTERED NUMBER: 03729205) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 61 (2024 - 58 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| Long |  | to |  | Plant and |  | and |

| leasehold |  | property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 January 2025 | 2,067,361 |  | 223,075 |  | 2,855,652 |  | 94,732 |  | 5,240,820 |  |

| Additions | - |  | - |  | 62,572 |  | - |  | 62,572 |  |

| Revaluations | 51,684 |  | - |  | - |  | - |  | 51,684 |  |

| At 31 December 2025 | 2,119,045 |  | 223,075 |  | 2,918,224 |  | 94,732 |  | 5,355,076 |  |

| DEPRECIATION

| At 1 January 2025 | 88,000 |  | 108,319 |  | 2,233,033 |  | 92,203 |  | 2,521,555 |  |

| Charge for year | - |  | 7,666 |  | 102,802 |  | 2,140 |  | 112,608 |  |

| At 31 December 2025 | 88,000 |  | 115,985 |  | 2,335,835 |  | 94,343 |  | 2,634,163 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,031,045 |  | 107,090 |  | 582,389 |  | 389 |  | 2,720,913 |  |

| At 31 December 2024 | 1,979,361 |  | 114,756 |  | 622,619 |  | 2,529 |  | 2,719,265 |  |

| Cost or valuation at 31 December 2025 is represented by:

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 2022 | (42,155 | ) | - |  | (42,155 | ) |

| Valuation in 2023 | 568,008 |  | - |  | 568,008 |  |

| Valuation in 2024 | 599,353 |  | - |  | 599,353 |  |

| Valuation in 2025 | 51,684 |  | 62,572 |  | 114,256 |  |

| Cost | 942,155 |  | 3,173,459 |  | 4,115,614 |  |

2,119,045 |  | 3,236,031 |  | 5,355,076 |  |

| MODUFLEX LTD. (REGISTERED NUMBER: 03729205) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

£ |

| COST OR VALUATION

| At 1 January 2025

| and 31 December 2025 | 327,750 |  |

| DEPRECIATION

| At 1 January 2025 | 163,106 |  |

| Charge for year | 32,775 |  |

| At 31 December 2025 | 195,881 |  |

| NET BOOK VALUE

| At 31 December 2025 | 131,869 |  |

| At 31 December 2024 | 164,644 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 1,182,746 |  | 966,862 |  |

| Other debtors | 48,647 |  | 49,174 |  |

| Prepayments and accrued income | 88,987 |  | 67,558 |  |

1,320,380 |  | 1,083,594 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans and overdrafts | 90,911 |  | 52,697 |  |

| Other loans | 22,273 |  | 45,454 |  |

| Hire purchase contracts | 46,936 |  | 57,559 |  |

| Trade creditors | 523,219 |  | 693,677 |  |

| Social security and other taxes | 59,519 |  | 172,257 |  |

| VAT | 31,681 |  | 186,006 |  |

| Other creditors | 1,287,277 |  | 1,216,133 |  |

| Directors' current accounts | - |  | 5,000 |  |

| Accrued expenses | 77,606 |  | 48,289 |  |

2,139,422 |  | 2,477,072 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans - 2-5 years | 361,824 |  | 210,786 |  |

| Bank loans more 5 yr by instal | 511,101 |  | 67,997 |  |

| Other loans - 2-5 years | - |  | 22,728 |  |

| Hire purchase contracts | 18,715 |  | 65,651 |  |

891,640 |  | 367,162 |  |

| MODUFLEX LTD. (REGISTERED NUMBER: 03729205) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

| 31.12.25 |  | 31.12.24

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 511,101 |  | 67,997 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans | 963,836 |  | 331,480 |  |

| The bank loans are secured by a legal charge over the property and other assets of the business.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 245 | A Ordinary | £1 | 245 |  | 245 |  |

10. | RESERVES

| Revaluation

| reserve

£ |

| At 1 January 2025 | 843,905 |  |

| property revaluation | 38,763 |  |

| At 31 December 2025 | 882,668 |  |

11. | RELATED PARTY DISCLOSURES

| The company maintains an interest free loan account with its subsidiary, of which it is a majority shareholder. At the year end, the company was owed £43,713 (2024: £46,637) by its subsidiary.

| The directors maintain interest free loan accounts with the company. At the balance sheet date the

| company was owed £Nil (2024: £5,000).

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is A R Blunden by virtue of his majority shareholding.