Modulus Precision Engineering Limited - Limited company - abbreviated - 11.6

Modulus Precision Engineering Limited - Limited company - abbreviated - 11.6

MODULUS PRECISION ENGINEERING LIMITED - Company Information

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REGISTERED NUMBER: 05355610 (England and Wales)















MODULUS PRECISION ENGINEERING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

28 FEBRUARY 2015






MODULUS PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 05355610)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

MODULUS PRECISION ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2015







DIRECTOR: A F Scholey





SECRETARY: Mrs B Scholey





REGISTERED OFFICE: Scotgate House
2 Scotgate Road
Honley
Holmfirth
West Yorkshire
HD9 6GD





REGISTERED NUMBER: 05355610 (England and Wales)





ACCOUNTANTS: STEAD ROBINSON
Chartered Accountants
Scotgate House
2 Scotgate Road
Honley
Holmfirth
HD9 6GD
Page 1
MODULUS PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 05355610)

ABBREVIATED BALANCE SHEET
28 FEBRUARY 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 33,014 48,053

CURRENT ASSETS
Stocks - 6,500
Debtors 14,106 42,764
Cash at bank and in hand 45,348 10,066
59,454 59,330
CREDITORS
Amounts falling due within one year 48,086 58,105
NET CURRENT ASSETS 11,368 1,225
TOTAL ASSETS LESS CURRENT
LIABILITIES
44,382
49,278

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 44,282 49,178
SHAREHOLDERS' FUNDS 44,382 49,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 25 August 2015 and were signed by:





A F Scholey - Director


The notes form part of these abbreviated accounts

Page 2
MODULUS PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 05355610)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The director, A F Scholey, agrees that the funding provided by him will not be withdrawn in the foreseeable
future and it is on this basis that he considers it appropriate to prepare the financial statements on the going
concern basis.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 15% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2014 103,248
Additions 367
At 28 February 2015 103,615
DEPRECIATION
At 1 March 2014 55,195
Charge for year 15,406
At 28 February 2015 70,601
NET BOOK VALUE
At 28 February 2015 33,014
At 28 February 2014 48,053

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 3