MASTERFLEX TECHNICAL HOSES LIMITED

MASTERFLEX TECHNICAL HOSES LIMITED

MASTERFLEX TECHNICAL HOSES LIMITED - Company Information

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MASTERFLEX TECHNICAL HOSES LIMITED

Company Registration Number:
03136801 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

MASTERFLEX TECHNICAL HOSES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

MASTERFLEX TECHNICAL HOSES LIMITED

Balance sheet

As at 31 December 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 88,770 28,203
Total fixed assets: 88,770 28,203
Current assets
Stocks: 369,416 308,525
Debtors: 4 470,511 344,091
Cash at bank and in hand: 449,192 315,698
Total current assets: 1,289,119 968,314
Creditors: amounts falling due within one year: 5 (401,180) (289,617)
Net current assets (liabilities): 887,939 678,697
Total assets less current liabilities: 976,709 706,900
Provision for liabilities: (16,557) (3,684)
Total net assets (liabilities): 960,152 703,216
Capital and reserves
Called up share capital: 25,000 25,000
Profit and loss account: 935,152 678,216
Shareholders funds: 960,152 703,216

The notes form part of these financial statements

MASTERFLEX TECHNICAL HOSES LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 January 2023
and signed on behalf of the board by:

Name: Mr C Dawson
Status: Director

The notes form part of these financial statements

MASTERFLEX TECHNICAL HOSES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MASTERFLEX TECHNICAL HOSES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 10 10

MASTERFLEX TECHNICAL HOSES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 449,283
Additions 70,153
Disposals (11,635)
At 31 December 2022 507,801
Depreciation
At 01 January 2022 421,080
Charge for year 7,937
On disposals (9,986)
At 31 December 2022 419,031
Net book value
At 31 December 2022 88,770
At 31 December 2021 28,203

MASTERFLEX TECHNICAL HOSES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

MASTERFLEX TECHNICAL HOSES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2022 2021Trade creditors £78,351 £75,886Amounts owed to group undertakings £119,911 £75,399Corporation tax £55,110 £43,379Other taxation and social security £86,978 £58,082Other creditors £- £788Accruals and deferred income £60,830 £36,083

MASTERFLEX TECHNICAL HOSES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Related party transactions

Throughout the year the company was under the control of its parent company, Masterflex SE. The company has taken advantage of the exemption given in Financial Reporting Standard 8 (Related Party Transactions) with respect to inter group transactions by virtue of being a wholly owned subsidiary whose parent company prepares consolidated accounts which are publicly available. Copies of the consolidated accounts are available from Masterflex SE, Willy-Brandt-Allee 300, 45891 Gelsenkirschen, Germany. No transactions with other related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8