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REGISTERED NUMBER: 10190697 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

MASTACAB (SOUTH EAST) LIMITED

MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 805,574 854,381

CURRENT ASSETS
Stocks 12,633 15,040
Debtors 5 220,845 221,185
Cash at bank 1,211,344 886,037
1,444,822 1,122,262
CREDITORS
Amounts falling due within one year 6 129,913 140,889
NET CURRENT ASSETS 1,314,909 981,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,120,483

1,835,754

PROVISIONS FOR LIABILITIES 7 16,265 18,263
NET ASSETS 2,104,218 1,817,491

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 2,103,218 1,816,491
SHAREHOLDERS' FUNDS 2,104,218 1,817,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)

BALANCE SHEET - continued
31ST MAY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th February 2024 and were signed on its behalf by:





D Pangonis - Director


MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

Mastacab (South East) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10190697

Registered office: Container House
George Summers Close
Medway City Estate
Rochester
ME2 4NS

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Cabin fleet - 10% on cost
Vehicles & plant - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

2. ACCOUNTING POLICIES - continued
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.

Freehold property
Depreciation is not provided on the freehold property as in the opinion of the directors, the property is maintained to such a high standard that market value will always exceed historical cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Cabin Vehicles
property fleet & plant Totals
£    £    £    £   
COST
At 1st June 2022 587,319 355,557 135,666 1,078,542
Disposals - (1,936 ) - (1,936 )
At 31st May 2023 587,319 353,621 135,666 1,076,606
DEPRECIATION
At 1st June 2022 - 160,819 63,343 224,162
Charge for year - 35,497 12,281 47,778
Eliminated on disposal - (908 ) - (908 )
At 31st May 2023 - 195,408 75,624 271,032
NET BOOK VALUE
At 31st May 2023 587,319 158,213 60,042 805,574
At 31st May 2022 587,319 194,738 72,323 854,380

MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 215,769 217,291
Other debtors 5,076 3,894
220,845 221,185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 4,250
Taxation and social security 126,546 131,021
Other creditors 3,367 5,618
129,913 140,889

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 16,265 18,263

Deferred
tax
£   
Balance at 1st June 2022 18,263
Provided during year (1,998 )
Balance at 31st May 2023 16,265

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
750 Ordinary A £1 750 750
250 Ordinary B £1 250 250
1,000 1,000