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REGISTERED NUMBER: 06815580 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Mastclimbers R Us Ltd

Mastclimbers R Us Ltd (Registered number: 06815580)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mastclimbers R Us Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: K D Goundrey





REGISTERED OFFICE: 3 Hagley Court North
The Waterfront
Dudley
West Midlands
DY5 1XF





REGISTERED NUMBER: 06815580 (England and Wales)





ACCOUNTANTS: Cox & Co Limited
Chartered Certified Accountants
3 Hagley Court North
The Waterfront
Dudley
West Midlands
DY5 1XF

Mastclimbers R Us Ltd (Registered number: 06815580)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,796 45,609

CURRENT ASSETS
Debtors 5 27,793 9,036
Cash at bank - 9,614
27,793 18,650
CREDITORS
Amounts falling due within one year 6 21,575 18,669
NET CURRENT ASSETS/(LIABILITIES) 6,218 (19 )
TOTAL ASSETS LESS CURRENT LIABILITIES 56,014 45,590

PROVISIONS FOR LIABILITIES 333 623
NET ASSETS 55,681 44,967

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 55,680 44,966
SHAREHOLDERS' FUNDS 55,681 44,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

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 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2023 and were signed by:





K D Goundrey - Director


Mastclimbers R Us Ltd (Registered number: 06815580)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Mastclimbers R Us 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 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 33% on cost

Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Mastclimbers R Us Ltd (Registered number: 06815580)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 49,536
Additions 6,410
At 28 February 2023 55,946
DEPRECIATION
At 1 March 2022 3,927
Charge for year 2,223
At 28 February 2023 6,150
NET BOOK VALUE
At 28 February 2023 49,796
At 28 February 2022 45,609

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 27,793 9,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 1,850 -
Trade creditors 1,329 -
Taxation and social security 16,066 16,042
Other creditors 2,330 2,627
21,575 18,669

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K D Goundrey.