Master Of Trades Ltd - Accounts to registrar (filleted) - small 18.2

Master Of Trades Ltd - Accounts to registrar (filleted) - small 18.2

MASTER OF TRADES LTD - Company Information

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REGISTERED NUMBER: 08640054 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

28 FEBRUARY 2021 TO 28 FEBRUARY 2022

FOR

MASTER OF TRADES LTD
MASTER OF TRADES LTD (REGISTERED NUMBER: 08640054)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 FEBRUARY 2021 TO 28 FEBRUARY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASTER OF TRADES LTD

COMPANY INFORMATION
FOR THE PERIOD 28 FEBRUARY 2021 TO 28 FEBRUARY 2022







DIRECTORS: G J Nevill
Mrs C M Nevill





REGISTERED OFFICE: The Old Court House
26A Church Street
Bishops Stortford
Hertfordshire
CM23 2LY





REGISTERED NUMBER: 08640054 (England and Wales)





ACCOUNTANTS: Paul Dawson & Co Limited
The Old Courthouse
26A Church Street
Bishops Stortford
Hertfordshire
CM23 2LY
Page 1
MASTER OF TRADES LTD (REGISTERED NUMBER: 08640054)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,451 1,935

CURRENT ASSETS
Stocks 5 92,750 72,750
Debtors 6 2,065 9,303
Cash at bank 1,143 18,078
95,958 100,131
CREDITORS
Amounts falling due within one year 7 40,815 37,696
NET CURRENT ASSETS 55,143 62,435
TOTAL ASSETS LESS CURRENT
LIABILITIES
56,594
64,370

CREDITORS
Amounts falling due after more than one
year
8
46,410
52,332
NET ASSETS 10,184 12,038

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,084 11,938
10,184 12,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2022 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 notes form part of these financial statements

Page 2 continued...
MASTER OF TRADES LTD (REGISTERED NUMBER: 08640054)

BALANCE SHEET - continued
28 FEBRUARY 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2023 and were signed on its behalf by:




G J Nevill - Director



Mrs C M Nevill - Director


The notes form part of these financial statements

Page 3
MASTER OF TRADES LTD (REGISTERED NUMBER: 08640054)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 FEBRUARY 2021 TO 28 FEBRUARY 2022


1. STATUTORY INFORMATION

Master Of Trades 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.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 28 February 2021
and 28 February 2022 10,450 1,396 11,846
DEPRECIATION
At 28 February 2021 8,900 1,011 9,911
Charge for period 388 96 484
At 28 February 2022 9,288 1,107 10,395
NET BOOK VALUE
At 28 February 2022 1,162 289 1,451
At 27 February 2021 1,550 385 1,935

5. STOCKS
2022 2021
£    £   
Stocks 92,750 72,750

Page 4 continued...
MASTER OF TRADES LTD (REGISTERED NUMBER: 08640054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 FEBRUARY 2021 TO 28 FEBRUARY 2022


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors - 6,284
Prepayments 2,065 3,019
2,065 9,303

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 11,709 10,822
Taxation and social security 7,180 24,411
Other creditors 21,926 2,463
40,815 37,696

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 46,410 52,332

Page 5