2022-01-01 2023-06-30 06435543 MAS Seeds Limited false 06435543 2022-01-01 2023-06-30 06435543 uk-bus:Director1 2022-01-01 2023-06-30 06435543 uk-bus:AuditExempt-NoAccountantsReport 2022-01-01 2023-06-30 06435543 uk-bus:SmallEntities 2022-01-01 2023-06-30 06435543 uk-bus:FullAccounts 2022-01-01 2023-06-30 06435543 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2023-06-30 06435543 2022-01-01 06435543 2023-06-30 06435543 2022-06-30 xbrli:pure iso4217:GBP 06435543 2021-01-01 2022-06-30
Company Registration Number : 06435543 (England and Wales)
06435543
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-06-30
false
MAS Seeds Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-01-01
MAS Seeds Limited
Unaudited filleted financial statements
For 546 days period from 1 January 2022 to 30 June 2023
MAS Seeds Limited
Contents
For 546 days period from 1 January 2022 to 30 June 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


MAS Seeds Limited
Company Information
For 546 days period from 1 January 2022 to 30 June 2023

Company registration number 06435543 (England and Wales)
Directors Roy Power
Patrick Farrell
Julie Power
Company secretary Roy Power
Registered office address C/O Philip Lee
The Leadenhall Building
London
United Kingdom
EC3V 4AB
Accountant Barnett and Co Accountants Limited
Chartered Management Accountants
24A High Street, Melksham
Wiltshire
SN12 6LA
MAS Seeds Limited
Statement of Financial Position
For 546 days period from 1 January 2022 to 30 June 2023

2023 2021
Notes £ £
Fixed assets
Intangible assets 13,899 2,845
Property, plant and equipment 1,754 744
15,653 3,589
Current assets
Inventories 74,199 88,508
Debtors 432,746 8,530
Cash and cash equivalents 113,261 350,573
620,205 447,611
Current liabilities
Creditors: Amounts falling due within one year (120,509) (19,895)
Corporation tax payable (38,749) (46,111)
(159,258) (66,006)
Net current assets/(liabilities) 460,947 381,605
Total assets less current liabilities 476,600 385,194
Non-current liabilities
Provision for liabilities (4,541) (141)
Net assets/(liabilities) 472,059 385,053
Capital and reserves
Called up share capital 90 90
Retained earnings 471,969 384,963
Shareholders' funds 472,059 385,053
For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 30 June 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 09 January 2024
.............................
Roy Power (Director)
Company registration number: 06435543
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-06-30 30 June 2023
2023 2021
£ £
Fixed Assets 15,653 3,589
Current Assets 617,934 447,377
Prepayments and accrued income 2,271 233
Creditors: amounts falling due within one year (159,258) (66,006)
Net current assets (liabilities) 460,947 381,605
Total assets less current liabilities 476,600 385,194
Provisions for liabilities (4,541) (141)
Net Assets (liabilities) 472,059 385,053
Capital and Reserves 472,059 385,053
For the year ending 30/06/2023 the company was entitled to exemption 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. For the year ending 30-06-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 09 January 2024 2024-01-09 and signed on behalf of the board,
.............................
Roy Power
Director
Company registration number: 06435543
MAS Seeds Limited
Notes to the Financial Statements
For 546 days period from 1 January 2022 to 30 June 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is C/O Philip Lee, The Leadenhall Building, London, United Kingdom, EC3V 4AB.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Interest income
Interest income is recognised using the effective interest method.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be 5 years. Goodwill amortisation is included within administration expenses.
Development costs
Development costs is stated at cost less accumulated depreciation and any accumulated impairment losses. It is amortised over its estimated life of 3 years using the straight-line method. If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings15% reducing balance
Equipment33% straight line
Motor Cars
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of come and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

(4) Employees
During the period, the average number of employees including director was 2 (2021 : 1).