2022-03-012023-02-282023-02-28false11806471MASWORTH LTD2023-10-3147910iso4217:GBPxbrli:pure118064712022-03-01118064712023-02-28118064712022-03-012023-02-28118064712021-03-01118064712022-02-28118064712021-03-012022-02-2811806471bus:SmallEntities2022-03-012023-02-2811806471bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2811806471bus:FullAccounts2022-03-012023-02-2811806471bus:PrivateLimitedCompanyLtd2022-03-012023-02-2811806471core:WithinOneYear2023-02-2811806471core:AfterOneYear2023-02-2811806471core:WithinOneYear2022-02-2811806471core:AfterOneYear2022-02-2811806471core:ShareCapital2023-02-2811806471core:SharePremium2023-02-2811806471core:RevaluationReserve2023-02-2811806471core:OtherReservesSubtotal2023-02-2811806471core:RetainedEarningsAccumulatedLosses2023-02-2811806471core:ShareCapital2022-02-2811806471core:SharePremium2022-02-2811806471core:RevaluationReserve2022-02-2811806471core:OtherReservesSubtotal2022-02-2811806471core:RetainedEarningsAccumulatedLosses2022-02-2811806471core:LandBuildings2023-02-2811806471core:PlantMachinery2023-02-2811806471core:Vehicles2023-02-2811806471core:FurnitureFittings2023-02-2811806471core:OfficeEquipment2023-02-2811806471core:NetGoodwill2023-02-2811806471core:IntangibleAssetsOtherThanGoodwill2023-02-2811806471core:ListedExchangeTraded2023-02-2811806471core:UnlistedNon-exchangeTraded2023-02-2811806471core:LandBuildings2022-02-2811806471core:PlantMachinery2022-02-2811806471core:Vehicles2022-02-2811806471core:FurnitureFittings2022-02-2811806471core:OfficeEquipment2022-02-2811806471core:NetGoodwill2022-02-2811806471core:IntangibleAssetsOtherThanGoodwill2022-02-2811806471core:ListedExchangeTraded2022-02-2811806471core:UnlistedNon-exchangeTraded2022-02-2811806471core:LandBuildings2022-03-012023-02-2811806471core:PlantMachinery2022-03-012023-02-2811806471core:Vehicles2022-03-012023-02-2811806471core:FurnitureFittings2022-03-012023-02-2811806471core:OfficeEquipment2022-03-012023-02-2811806471core:NetGoodwill2022-03-012023-02-2811806471core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811806471core:ListedExchangeTraded2022-03-012023-02-2811806471core:UnlistedNon-exchangeTraded2022-03-012023-02-2811806471core:MoreThanFiveYears2022-03-012023-02-2811806471core:Non-currentFinancialInstruments2023-02-2811806471core:Non-currentFinancialInstruments2022-02-2811806471dpl:CostSales2022-03-012023-02-2811806471dpl:DistributionCosts2022-03-012023-02-2811806471core:LandBuildings2022-03-012023-02-2811806471core:PlantMachinery2022-03-012023-02-2811806471core:Vehicles2022-03-012023-02-2811806471core:FurnitureFittings2022-03-012023-02-2811806471core:OfficeEquipment2022-03-012023-02-2811806471dpl:AdministrativeExpenses2022-03-012023-02-2811806471core:NetGoodwill2022-03-012023-02-2811806471core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811806471dpl:GroupUndertakings2022-03-012023-02-2811806471dpl:ParticipatingInterests2022-03-012023-02-2811806471dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2811806471core:ListedExchangeTraded2022-03-012023-02-2811806471dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2811806471core:UnlistedNon-exchangeTraded2022-03-012023-02-2811806471dpl:CostSales2021-03-012022-02-2811806471dpl:DistributionCosts2021-03-012022-02-2811806471core:LandBuildings2021-03-012022-02-2811806471core:PlantMachinery2021-03-012022-02-2811806471core:Vehicles2021-03-012022-02-2811806471core:FurnitureFittings2021-03-012022-02-2811806471core:OfficeEquipment2021-03-012022-02-2811806471dpl:AdministrativeExpenses2021-03-012022-02-2811806471core:NetGoodwill2021-03-012022-02-2811806471core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2811806471dpl:GroupUndertakings2021-03-012022-02-2811806471dpl:ParticipatingInterests2021-03-012022-02-2811806471dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2811806471core:ListedExchangeTraded2021-03-012022-02-2811806471dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2811806471core:UnlistedNon-exchangeTraded2021-03-012022-02-2811806471core:NetGoodwill2023-02-2811806471core:IntangibleAssetsOtherThanGoodwill2023-02-2811806471core:LandBuildings2023-02-2811806471core:PlantMachinery2023-02-2811806471core:Vehicles2023-02-2811806471core:FurnitureFittings2023-02-2811806471core:OfficeEquipment2023-02-2811806471core:AfterOneYear2023-02-2811806471core:WithinOneYear2023-02-2811806471core:ListedExchangeTraded2023-02-2811806471core:UnlistedNon-exchangeTraded2023-02-2811806471core:ShareCapital2023-02-2811806471core:SharePremium2023-02-2811806471core:RevaluationReserve2023-02-2811806471core:OtherReservesSubtotal2023-02-2811806471core:RetainedEarningsAccumulatedLosses2023-02-2811806471core:NetGoodwill2022-02-2811806471core:IntangibleAssetsOtherThanGoodwill2022-02-2811806471core:LandBuildings2022-02-2811806471core:PlantMachinery2022-02-2811806471core:Vehicles2022-02-2811806471core:FurnitureFittings2022-02-2811806471core:OfficeEquipment2022-02-2811806471core:AfterOneYear2022-02-2811806471core:WithinOneYear2022-02-2811806471core:ListedExc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MASWORTH LTD

Registered Number
11806471
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

MASWORTH LTD
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

AMARGIANAKI, Aimilia
MASELIS, Konstantinos

Registered Address

Parkhill Business Centre
Walton Road
Wetherby
LS22 5DZ

Registered Number

11806471 (England and Wales)
MASWORTH LTD
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets53,9365,382
3,9365,382
Current assets
Stocks621,02924,100
Debtors77,67911,166
Cash at bank and on hand6,68211,351
35,39046,617
Creditors amounts falling due within one year8(58,756)(34,795)
Net current assets (liabilities)(23,366)11,822
Total assets less current liabilities(19,430)17,204
Creditors amounts falling due after one year9(8,600)(11,000)
Net assets(28,030)6,204
Capital and reserves
Called up share capital11
Profit and loss account(28,031)6,203
Shareholders' funds(28,030)6,204
The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2023, and are signed on its behalf by:
MASELIS, Konstantinos
Director
Registered Company No. 11806471
MASWORTH LTD
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 March 228,0788,078
At 28 February 238,0788,078
Depreciation and impairment
At 01 March 222,6962,696
Charge for year1,4461,446
At 28 February 234,1424,142
Net book value
At 28 February 233,9363,936
At 28 February 225,3825,382
6.Stocks
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2023

2022

££
Other stocks21,02924,100
Total21,02924,100
7.Debtors

2023

2022

££
Trade debtors / trade receivables7,17711,166
Other debtors502-
Total7,67911,166
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.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables25,53427,514
Taxation and social security-919
Other creditors33,2226,362
Total58,75634,795
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.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts8,60011,000
Total8,60011,000