REGISTERED NUMBER: 08215558 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

A D Modular Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

2,227,598

2,835,039

CURRENT ASSETS

Stocks

1,173,069

480,000

Debtors

5

2,522,713

2,178,804

Cash at bank

1,616,888

507,839

5,312,670

3,166,643

CREDITORS

Amounts falling due within one year

6

1,899,532

798,207

NET CURRENT ASSETS

3,413,138

2,368,436

TOTAL ASSETS LESS CURRENT LIABILITIES

5,640,736

5,203,475

CREDITORS

Amounts falling due after more than one year

7

(580,033

)

(421,699

)

PROVISIONS FOR LIABILITIES

(24,500

)

(87,600

)

NET ASSETS

5,036,203

4,694,176

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

3,411,129

3,411,129

Retained earnings

1,624,974

1,282,947

5,036,203

4,694,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2026 and were signed on its behalf by:

Mrs B I Hughes - Director

1.	STATUTORY INFORMATION

A D Modular 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:

08215558

Registered office:

2 Radway Green

Crewe

CW1 5UJ

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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.

Cabins

-

10% on reducing balance

Long leasehold

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 Profit and Loss Account, 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.

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 13 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

Cabins

leasehold

machinery

£

£

£

COST

At 1 February 2025

4,744,045

23,335

122,960

Additions

-

-

31,944

Disposals

-

-

-

At 31 January 2026

4,744,045

23,335

154,904

DEPRECIATION

At 1 February 2025

2,433,185

10,831

85,489

Charge for year

231,086

1,250

17,351

Eliminated on disposal

-

-

-

At 31 January 2026

2,664,271

12,081

102,840

NET BOOK VALUE

At 31 January 2026

2,079,774

11,254

52,064

At 31 January 2025

2,310,860

12,504

37,471

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

902,621

51,149

5,844,110

Additions

-

1,293

33,237

Disposals

(644,999

)

-

(644,999

)

At 31 January 2026

257,622

52,442

5,232,348

DEPRECIATION

At 1 February 2025

447,769

31,797

3,009,071

Charge for year

23,010

5,169

277,866

Eliminated on disposal

(282,187

)

-

(282,187

)

At 31 January 2026

188,592

36,966

3,004,750

NET BOOK VALUE

At 31 January 2026

69,030

15,476

2,227,598

At 31 January 2025

454,852

19,352

2,835,039

The fair value of the Company's Cabins was revalued on 30 September 2017. An independent valuer was not involved. The majority of the fleet was purchased in January 2014 at a reduced price of £1,200,000 and they were included in the financial statements at this cost figure.

In 2017 the directors considered that the fair value of the assets should be based on a desktop valuation carried out by Lombard Finance in 2014. The valuation was £6,000,000 and this was reduced by depreciation of 10% per annum for the next three years to give a value of £4,200,000 at 30 September 2017.

In the opinion of the directors, the current balance sheet value reflects the open market value at 31 January 2026.

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

Motor

vehicles

£

COST

Reclassification/transfer

45,656

At 31 January 2026

45,656

DEPRECIATION

Reclassification/transfer

19,974

At 31 January 2026

19,974

NET BOOK VALUE

At 31 January 2026

25,682

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

585,346

329,357

Other debtors

501,997

758,508

1,087,343

1,087,865

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,435,370

1,090,939

Aggregate amounts

2,522,713

2,178,804

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

36,111

108,023

Hire purchase contracts

227,824

177,056

Trade creditors

188,854

370,476

Taxation and social security

345,395

131,243

Other creditors

1,101,348

11,409

1,899,532

798,207

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

4,832

Hire purchase contracts

580,033

416,867

580,033

421,699

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

4,934

14,833

Hire purchase contracts

807,857

593,923

812,791

608,756

Bank Loans are secured against a fixed and floating charge over all property and undertakings of the company.

Hire purchase contracts are secured against the asset to which they relate.

9.

RESERVES

Revaluation

reserve

£

At 1 February 2025

and 31 January 2026

3,411,129

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is BPS Building Solutions Ltd.