Registered number
09856053
MAS Executive Limited
Unaudited Filleted Accounts
27 November 2021
MAS Executive Limited
Registered number: 09856053
Balance Sheet
as at 27 November 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 4,206 5,257
Current assets
Debtors 4 256 1,535
Cash at bank and in hand 42,366 109,249
42,622 110,784
Creditors: amounts falling due within one year 5 (30,887) (75,373)
Net current assets 11,735 35,411
Total assets less current liabilities 15,941 40,668
Provisions for liabilities (799) (999)
Net assets 15,142 39,669
Capital and reserves
Called up share capital 12 12
Profit and loss account 15,130 39,657
Shareholders' funds 15,142 39,669
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms M Spink
Director
Approved by the board on 12 August 2022
MAS Executive Limited
Notes to the Accounts
for the year ended 27 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales / value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 20% on written down value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment
£
Cost
At 28 November 2020 15,324
At 27 November 2021 15,324
Depreciation
At 28 November 2020 10,067
Charge for the year 1,051
At 27 November 2021 11,118
Net book value
At 27 November 2021 4,206
At 27 November 2020 5,257
4 Debtors 2021 2020
£ £
Other debtors 256 1,535
5 Creditors: amounts falling due within one year 2021 2020
£ £
Taxation and social security costs 29,470 32,678
Other creditors 1,417 42,695
30,887 75,373
6 Other information
MAS Executive Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 16 Eastway Business Village
Olivers Place
Fulwood
Preston
PR2 9WT
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