1 January 2022 false No description of principal activity Taxfiler 2023.9 07293672business:PrivateLimitedCompanyLtd2022-01-012022-12-31 072936722021-12-31 072936722022-01-012022-12-31 07293672business:AuditExempt-NoAccountantsReport2022-01-012022-12-31 07293672business:FilletedAccounts2022-01-012022-12-31 072936722022-12-31 07293672business:Director12022-01-012022-12-31 07293672business:RegisteredOffice2022-01-012022-12-31 072936722021-12-31 07293672core:WithinOneYear2022-12-31 07293672core:WithinOneYear2021-12-31 07293672core:AfterOneYear2022-12-31 07293672core:AfterOneYear2021-12-31 07293672core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 07293672core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 07293672core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 07293672core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 07293672core:PreviouslyStatedAmount2022-12-31 07293672core:PreviouslyStatedAmount2021-12-31 07293672business:SmallEntities2022-01-012022-12-31 07293672countries:EnglandWales2022-01-012022-12-31 07293672core:ComputerEquipment2022-01-012022-12-31 07293672core:ComputerEquipment2021-12-31 07293672core:ComputerEquipment2022-12-31 072936722021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07293672 (England and Wales)
MASSTALKS LTD Unaudited accounts for the year ended 31 December 2022
MASSTALKS LTD Unaudited accounts Contents
Page
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MASSTALKS LTD Company Information for the year ended 31 December 2022
Director
Logulan Nageswaran
Company Number
07293672 (England and Wales)
Registered Office
79 COLLEGE ROAD HARROW HA1 1BD ENGLAND
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MASSTALKS LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,815 
2,776 
Current assets
Debtors
42,308 
30,613 
Cash at bank and in hand
6,113 
6,618 
48,421 
37,231 
Creditors: amounts falling due within one year
(10,440)
(6,389)
Net current assets
37,981 
30,842 
Total assets less current liabilities
40,796 
33,618 
Creditors: amounts falling due after more than one year
(20,088)
(21,853)
Net assets
20,708 
11,765 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
20,707 
11,764 
Shareholders' funds
20,708 
11,765 
For the year ending 31 December 2022 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 June 2023 and were signed on its behalf by
Logulan Nageswaran Director Company Registration No. 07293672
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MASSTALKS LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
MASSTALKS LTD is a private company, limited by shares, registered in England and Wales, registration number 07293672. The registered office is 79 COLLEGE ROAD, HARROW, HA1 1BD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax and other sales taxes.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
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MASSTALKS LTD Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2022
4,492 
Additions
978 
At 31 December 2022
5,470 
Depreciation
At 1 January 2022
1,716 
Charge for the year
939 
At 31 December 2022
2,655 
Net book value
At 31 December 2022
2,815 
At 31 December 2021
2,776 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,719 
14,559 
Other debtors
18,589 
16,054 
42,308 
30,613 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
1,629 
- 
Taxes and social security
7,261 
4,839 
Accruals
1,550 
1,550 
10,440 
6,389 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
13,088 
14,853 
Other creditors
7,000 
7,000 
20,088 
21,853 
8
Loans to directors
As at the year-end date, the director, had a debit balance of £16,429 (2021: £15,854 credit) on his director's current account. This is an interest-free loan to the director and is shown within other debtors.
9
Average number of employees
During the year the average number of employees was 5 (2021: 5).
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