MT MASTICS LTD,Ltd - AccountsLtd - Accounts

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MT MASTICS LTD - Company Information

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2022-03-01 10004733 2023-02-28 10004733 2022-03-01 2023-02-28 10004733 2022-02-28 10004733 2021-03-01 2022-02-28 10004733 uk-core:WithinOneYear 2022-02-28 10004733 uk-core:WithinOneYear 2023-02-28 10004733 uk-core:AfterOneYear 2022-02-28 10004733 uk-core:AfterOneYear 2023-02-28 10004733 uk-core:ShareCapital 2023-02-28 10004733 uk-core:ShareCapital 2022-02-28 10004733 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 10004733 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 10004733 uk-bus:Director1 2022-03-01 2023-02-28 10004733 uk-core:ComputerEquipment 2022-02-28 10004733 uk-core:FurnitureFittings 2022-02-28 10004733 uk-core:CommercialMotorVehicles 2022-02-28 10004733 uk-core:ToolsEquipment 2022-02-28 10004733 uk-core:CommercialMotorVehicles 2023-02-28 10004733 uk-core:FurnitureFittings 2023-02-28 10004733 uk-core:ComputerEquipment 2023-02-28 10004733 uk-core:ToolsEquipment 2023-02-28 10004733 uk-core:ComputerEquipment 2022-03-01 2023-02-28 10004733 uk-core:FurnitureFittings 2022-03-01 2023-02-28 10004733 uk-core:CommercialMotorVehicles 2022-03-01 2023-02-28 10004733 uk-core:ToolsEquipment 2022-03-01 2023-02-28 10004733 uk-core:WithinOneYear uk-core:Secured 2023-02-28 10004733 uk-core:WithinOneYear uk-core:Secured 2022-02-28 iso4217:GBP xbrli:pure 10004733 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 10004733 uk-bus:FRS102 2022-03-01 2023-02-28 10004733 uk-bus:FullAccounts 2022-03-01 2023-02-28 10004733 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
MT MASTICS LTD
Registered Number:10004733
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
MT MASTICS LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10004733
As at 28 February 2023
MT MASTICS LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
5,465
7,285
2
5,465
7,285
Current assets
Trade and other receivables
45,528
56,718
3
13,560
Cash and cash equivalents
22,333
79,051
59,088
Trade and other payables: amounts falling due within one
year
(23,204)
(27,292)
4
35,884
51,759
Net current assets
Total assets less current liabilities
57,224
43,169
Trade and other payables: amounts falling due after more
than one year
(12,865)
(8,725)
5
48,499
Net assets
30,304
Capital and reserves
Called up share capital
2
2
Retained earnings
48,497
30,302
48,499
30,304
Shareholders' funds
For the year ended 28 February 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr. M.I. Tarling Director
These financial statements were approved and authorised for issue by the Board on 03 August 2023 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 28 February 2023
MT MASTICS LTD
Notes to the Financial Statements
Statutory Information
MT MASTICS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10004733.
Registered address:
2 Crows Grove
Bradley Stoke
Bristol
BS32 0DA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 March 2022
23,144
1,180
2,818
17,428
1,718
At 28 February 2023
17,428
2,818
1,180
23,144
1,718
Provision for depreciation and impairment
At 01 March 2022
15,859
874
1,233
12,388
1,364
Charge for year
1,820
76
396
1,260
88
At 28 February 2023
17,679
950
1,629
13,648
1,452
At 28 February 2023
Net book value
266
3,780
1,189
230
5,465
At 28 February 2022
354
5,040
1,585
306
7,285
3. Trade and other receivables
2022
2023
£
£
Trade debtors
33,565
21,950
Other debtors
23,153
23,578
45,528
56,718
2 of 3
5
For the year ended 28 February 2023
MT MASTICS LTD
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
4,500
4,560
Trade creditors
3,322
1,759
Taxation and social security
12,872
14,580
Other creditors
6,598
2,305
27,292
23,204
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
8,725
12,865
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
3 of 3