IRIS Accounts Production v24.1.0.578 10316166 director 1.9.22 31.8.23 31.8.23 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103161662022-08-31103161662023-08-31103161662022-09-012023-08-31103161662021-08-31103161662021-09-012022-08-31103161662022-08-3110316166ns15:EnglandWales2022-09-012023-08-3110316166ns14:PoundSterling2022-09-012023-08-3110316166ns10:Director12022-09-012023-08-3110316166ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3110316166ns10:SmallEntities2022-09-012023-08-3110316166ns10:AuditExemptWithAccountantsReport2022-09-012023-08-3110316166ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3110316166ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3110316166ns10:FullAccounts2022-09-012023-08-3110316166ns10:OrdinaryShareClass12022-09-012023-08-3110316166ns10:CompanySecretary12022-09-012023-08-3110316166ns10:RegisteredOffice2022-09-012023-08-3110316166ns5:CurrentFinancialInstruments2023-08-3110316166ns5:CurrentFinancialInstruments2022-08-3110316166ns5:ShareCapital2023-08-3110316166ns5:ShareCapital2022-08-3110316166ns5:RetainedEarningsAccumulatedLosses2023-08-3110316166ns5:RetainedEarningsAccumulatedLosses2022-08-3110316166ns5:PlantMachinery2022-08-3110316166ns5:PlantMachinery2022-09-012023-08-3110316166ns5:PlantMachinery2023-08-3110316166ns5:PlantMachinery2022-08-3110316166ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3110316166ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3110316166ns5:DeferredTaxation2022-08-3110316166ns5:DeferredTaxation2023-08-3110316166ns10:OrdinaryShareClass12023-08-3110316166ns5:RetainedEarningsAccumulatedLosses2022-08-3110316166ns5:RetainedEarningsAccumulatedLosses2022-09-012023-08-31103161661ns10:Director12022-08-31103161661ns10:Director12021-08-31103161661ns10:Director12022-09-012023-08-31103161661ns10:Director12021-09-012022-08-31103161661ns10:Director12023-08-31103161661ns10:Director12022-08-31
REGISTERED NUMBER: 10316166 (England and Wales)













Financial Statements

for the Year Ended 31 August 2023

for

Military Masterpieces Ltd

Military Masterpieces Ltd (Registered number: 10316166)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Military Masterpieces Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mrs D M Peacock





SECRETARY: Mrs D M Peacock





REGISTERED OFFICE: 13 The Grove
Cudworth
Barnsley
South Yorkshire
S72 8AR





REGISTERED NUMBER: 10316166 (England and Wales)





ACCOUNTANTS: Integra (Angus Nordon) Ltd
194 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8AF

Military Masterpieces Ltd (Registered number: 10316166)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,461 4,398

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 11,016 14,822
Cash at bank 41,937 44,891
53,953 60,713
CREDITORS
Amounts falling due within one year 6 47,863 43,283
NET CURRENT ASSETS 6,090 17,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,551

21,828

PROVISIONS FOR LIABILITIES 7 848 836
NET ASSETS 9,703 20,992

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 9,702 20,991
SHAREHOLDERS' FUNDS 9,703 20,992

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

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

The director acknowledges her 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.

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 17 April 2024 and were signed by:



Mrs D M Peacock - Director


Military Masterpieces Ltd (Registered number: 10316166)

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

1. STATUTORY INFORMATION

Military Masterpieces Ltd 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.

Significant judgements and estimates
The principal accounting policies and significant judgements estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

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.

Fixture and fittings- 10% on written down value
Computer equipment- 33.3% straight line

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Military Masterpieces Ltd (Registered number: 10316166)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 5,927
Additions 753
At 31 August 2023 6,680
DEPRECIATION
At 1 September 2022 1,529
Charge for year 690
At 31 August 2023 2,219
NET BOOK VALUE
At 31 August 2023 4,461
At 31 August 2022 4,398

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,016 14,665
Other debtors - 157
11,016 14,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,882 8,565
Trade creditors 767 66
Tax - 2,606
VAT 1,480 -
Director's current account 38,109 31,521
Accrued expenses 625 525
47,863 43,283

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 848 836

Deferred
tax
£   
Balance at 1 September 2022 836
Movement arising during year 12
Balance at 31 August 2023 848

Military Masterpieces Ltd (Registered number: 10316166)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £0.01 1 1

9. RESERVES
Retained
earnings
£   

At 1 September 2022 20,991
Deficit for the year (7,689 )
Dividends (3,600 )
At 31 August 2023 9,702

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mrs D M Peacock
Balance outstanding at start of year (31,521 ) (26,031 )
Amounts advanced 154 27
Amounts repaid (6,742 ) (5,517 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (38,109 ) (31,521 )

11. RELATED PARTY DISCLOSURES

During the year, a salary of £9,060 (2022 £8,920) was paid to the director, together with a dividend of £3,600 (2022 £5,500).

Military Masterpieces Ltd

Report of the Accountants to the Director of
Military Masterpieces Ltd

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Integra (Angus Nordon) Ltd
194 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8AF


17 April 2024