Company Registration No. 06685408 (England and Wales)
Master Accounting Limited
Unaudited accounts
for the year ended 31 August 2023
Master Accounting Limited
Unaudited accounts
Contents
Master Accounting Limited
Company Information
for the year ended 31 August 2023
Directors
Mark Buckmaster
Rachel Buckmaster
Company Number
06685408 (England and Wales)
Registered Office
THE STABLES, ASHLEY COURT 32 MAIN STREET
ASHLEY
MARKET HARBOROUGH
LEICESTERSHIRE
LE16 8HF
ENGLAND
Accountants
Master Accounting Limited
The Stables, Ashley Court
32 Main Street, Ashley
Market Harborough
Leicestershire
LE16 8HF
Master Accounting Limited
Statement of financial position
as at 31 August 2023
Tangible assets
39,039
23,329
Cash at bank and in hand
22,331
31,921
Creditors: amounts falling due within one year
(46,273)
(45,939)
Net current assets
40,430
48,942
Total assets less current liabilities
84,469
77,271
Creditors: amounts falling due after more than one year
(42,590)
(40,619)
Called up share capital
1
1
Profit and loss account
41,878
36,651
Shareholders' funds
41,879
36,652
For the year ending 31 August 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 responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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.
The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by
Mark Buckmaster
Director
Company Registration No. 06685408
Master Accounting Limited
Notes to the Accounts
for the year ended 31 August 2023
Master Accounting Limited is a private company, limited by shares, registered in England and Wales, registration number 06685408. The registered office is THE STABLES, ASHLEY COURT 32 MAIN STREET, ASHLEY, MARKET HARBOROUGH, LEICESTERSHIRE, LE16 8HF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These accounts replace the original accounts and are now the statutory accounts and are prepared as they were at the date of the original account.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% - straight line
Motor vehicles
25% - straight line
Fixtures & fittings
20% - straight line
Computer equipment
33% - straight line
Master Accounting Limited
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2022
15,183
-
19,477
12,353
47,013
Additions
4,732
15,354
4,750
425
25,261
At 31 August 2023
19,915
15,354
24,227
12,778
72,274
At 1 September 2022
10,504
-
2,871
10,309
23,684
Charge for the year
2,150
2,207
3,990
1,204
9,551
At 31 August 2023
12,654
2,207
6,861
11,513
33,235
At 31 August 2023
7,261
13,147
17,366
1,265
39,039
At 31 August 2022
4,679
-
16,606
2,044
23,329
5
Investments
Other investments
Valuation at 1 September 2022
5,000
Valuation at 31 August 2023
5,000
Amounts falling due within one year
Trade debtors
25,095
18,752
Other debtors
39,277
44,208
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,557
6,256
Obligations under finance leases and hire purchase contracts
2,984
-
Taxes and social security
9,736
5,956
Other creditors
13,571
13,406
Loans from directors
1,236
924
Master Accounting Limited
Notes to the Accounts
for the year ended 31 August 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,254
-
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).