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Company Registration No. 09758283 (England and Wales)
Masertone Ltd Unaudited accounts for the year ended 31 March 2023
Masertone Ltd Unaudited accounts Contents
Page
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Masertone Ltd Company Information for the year ended 31 March 2023
Directors
Anthony Edwards Marie Edwards
Company Number
09758283 (England and Wales)
Registered Office
Newton Barn Newton Lane, Zeal Monachorum Crediton Devon EX17 6LH
Accountants
For and on Behalf of Tee Accounts Limited t/a On The Spot Rosehill House Polgooth PL26 7BA
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Masertone Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,043 
13,598 
Investments
- 
6,000 
6,043 
19,598 
Current assets
Inventories
290 
90 
Debtors
1,012 
5,742 
Cash at bank and in hand
34,270 
53,686 
35,572 
59,518 
Creditors: amounts falling due within one year
(1,575)
(905)
Net current assets
33,997 
58,613 
Net assets
40,040 
78,211 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
39,940 
78,111 
Shareholders' funds
40,040 
78,211 
For the year ending 31 March 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 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.
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 of Directors and authorised for issue on 5 November 2023 and were signed on its behalf by
Anthony Edwards Director Company Registration No. 09758283
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Masertone Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Masertone Ltd is a private company, limited by shares, registered in England and Wales, registration number 09758283. The registered office is Newton Barn, Newton Lane, Zeal Monachorum, Crediton, Devon, EX17 6LH.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line, per annum
Investments
Investments in shares are included at fair value.
Inventories
Inventories relate to Livestock and have been valued at the lower of cost and their fair value.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
30,220 
1,565 
31,785 
At 31 March 2023
30,220 
1,565 
31,785 
Depreciation
At 1 April 2022
16,622 
1,565 
18,187 
Charge for the year
7,555 
- 
7,555 
At 31 March 2023
24,177 
1,565 
25,742 
Net book value
At 31 March 2023
6,043 
- 
6,043 
At 31 March 2022
13,598 
- 
13,598 
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Masertone Ltd Notes to the Accounts for the year ended 31 March 2023
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
6,000 
Disposals
(6,000)
Valuation at 31 March 2023
- 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
850 
5,580 
Other debtors
162 
162 
1,012 
5,742 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
281 
Loans from directors
1,575 
624 
1,575 
905 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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