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REGISTERED NUMBER: 07244400 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Master Grill Limited

Master Grill Limited (Registered number: 07244400)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Master Grill Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr Z Mortazavi





REGISTERED OFFICE: 87 Poulton Road
Wallasey
Cheshire
CH44 9DE





REGISTERED NUMBER: 07244400 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Master Grill Limited (Registered number: 07244400)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 131,250 150,000
Tangible assets 5 4,013 4,549
135,263 154,549

CURRENT ASSETS
Stocks 32,729 22,800
Debtors 6 81,565 115,831
Cash at bank and in hand 81,896 105,132
196,190 243,763
CREDITORS
Amounts falling due within one year 7 (90,485 ) (117,997 )
NET CURRENT ASSETS 105,705 125,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,968

280,315

PROVISIONS FOR LIABILITIES (498 ) (865 )
NET ASSETS 240,470 279,450

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 240,370 279,350
SHAREHOLDERS' FUNDS 240,470 279,450

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Master Grill Limited (Registered number: 07244400)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:





Mr Z Mortazavi - Director


Master Grill Limited (Registered number: 07244400)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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 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.

Master Grill Limited (Registered number: 07244400)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 375,000
AMORTISATION
At 1 June 2022 225,000
Charge for year 18,750
At 31 May 2023 243,750
NET BOOK VALUE
At 31 May 2023 131,250
At 31 May 2022 150,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 14,367 1,934 16,084 16,322 48,707
Additions - - - 496 496
At 31 May 2023 14,367 1,934 16,084 16,818 49,203
DEPRECIATION
At 1 June 2022 11,674 1,901 15,835 14,748 44,158
Charge for year 404 33 62 533 1,032
At 31 May 2023 12,078 1,934 15,897 15,281 45,190
NET BOOK VALUE
At 31 May 2023 2,289 - 187 1,537 4,013
At 31 May 2022 2,693 33 249 1,574 4,549

Master Grill Limited (Registered number: 07244400)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 76,055 113,476
Payment on account 2,940 -
Prepayments 2,570 2,355
81,565 115,831

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,210 45,564
Tax 29,028 35,601
Social security and other taxes - 149
Pension liability 196 246
VAT 21,668 26,993
Shareholder's loan account 87 136
Credit card 5,534 5,707
Directors' current accounts 3,462 3,076
Accrued expenses 3,300 525
90,485 117,997

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Mr Z Mortazavi
Balance outstanding at start of year (3,076 ) (2,294 )
Amounts advanced 86,927 112,325
Amounts repaid (87,313 ) (113,107 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,462 ) (3,076 )

9. ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Master Grill Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Master Grill Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Master Grill Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Master Grill Limited and state those matters that we have agreed to state to the director of Master Grill Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Master Grill Limited and its director for our work or for this report.

It is your duty to ensure that Master Grill Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Master Grill Limited. You consider that Master Grill Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Master Grill Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................