Company No: 06944501 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mrs T-S M Willson (Appointed 11 October 2025)
	Dr R Willson (Resigned 11 October 2025)

SECRETARY

Mrs T-S M Willson

REGISTERED OFFICE	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT
	United Kingdom

COMPANY NUMBER

06944501 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	23,708		31,610
Investments	4	9,386		10,969
		33,094		42,579
Current assets
Stocks		0		5,000
Debtors	5	1,500		127,966
Cash at bank and in hand		552,794		523,039
		554,294		656,005
Creditors: amounts falling due within one year	6	( 44,045)		( 63,512)
Net current assets		510,249		592,493
Total assets less current liabilities		543,343		635,072
Provision for liabilities		( 5,928)		( 7,903)
Net assets		537,415		627,169
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		536,415		626,169
Total shareholders' funds		537,415		627,169

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Modus Laboratories Limited (registered number: 06944501) were approved and authorised for issue by the Director on 24 June 2026. They were signed on its behalf by:

Mrs T-S M Willson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Modus Laboratories Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents net invoiced sales of services excluding value added tax. Turnover is recognised when the company obtains the right to consideration.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	3 years straight line
	depreciated over the life of the lease
Tools and equipment	25 % reducing balance
Computer equipment	3 years straight line

Stocks

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

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

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 scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Tangible assets

	Leasehold improve- ments		Tools and equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 April 2024	30,450		200,277		28,592		259,319
At 31 March 2025	30,450		200,278		28,592		259,320
Accumulated depreciation
At 01 April 2024	30,450		168,667		28,592		227,709
Charge for the financial year	0		7,903		0		7,903
At 31 March 2025	30,450		176,570		28,592		235,612
Net book value
At 31 March 2025	0		23,708		0		23,708
At 31 March 2024	0		31,610		0		31,610

4. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	10,969		10,969
Change in value of loans receivable	( 1,583)		( 1,583)
At 31 March 2025	9,386		9,386
Carrying value at 31 March 2025	9,386		9,386
Carrying value at 31 March 2024	10,969		10,969

The fair value of listed investments was determined with reference to the quoted market price at the reporting date.

5. Debtors

	2025		2024
	£		£
Trade debtors	0		122,580
Prepayments	0		715
Corporation tax	0		2,049
Other debtors	1,500		2,622
	1,500		127,966

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to director	149		36,290
Accruals	2,800		2,800
Taxation and social security	31,767		18,359
Other creditors	9,329		6,063
	44,045		63,512

7. Financial commitments

Other financial commitments

	2025		2024
	£		£
Minimum lease payments under non-cancellable operating leases - within one year	17,707		17,024
Minimum lease payments under non-cancellable operating leases - between one and five years	10,568		28,275
	28,275		45,299