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

REGISTERED NUMBER: 08640054 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

MASTER OF TRADES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G J Nevill

Mrs C M Nevill

SECRETARY:

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

FIXED ASSETS

Tangible assets

4

4,061

5,414

CURRENT ASSETS

Stocks

5

22,200

12,040

Debtors

6

6,063

8,204

Cash at bank and in hand

18,280

11,035

46,543

31,279

CREDITORS

Amounts falling due within one year

7

48,794

34,771

NET CURRENT LIABILITIES

(2,251

)

(3,492

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,810

1,922

PROVISIONS FOR LIABILITIES

-

1,732

NET ASSETS

1,810

190

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,710

90

1,810

190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 November 2018 and were signed on its behalf by:

G J Nevill - Director

Mrs C M Nevill - Director

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 the provisions of Section 1A "Small Entities" 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 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 etc

-

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 year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 March 2017

and 28 February 2018

10,450

1,100

11,550

DEPRECIATION

At 1 March 2017

5,552

584

6,136

Charge for year

1,224

129

1,353

At 28 February 2018

6,776

713

7,489

NET BOOK VALUE

At 28 February 2018

3,674

387

4,061

At 28 February 2017

4,898

516

5,414

5.

STOCKS

2018

2017

£

£

Stocks

22,200

12,040

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

6,063

8,103

Social security and other tax

-

101

6,063

8,204

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

14

425

Taxation and social security

18,005

9,858

Other creditors

30,775

24,488

48,794

34,771