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REGISTERED NUMBER: 08129938 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Masato Limited

Masato Limited (Registered number: 08129938)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Masato Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr M Jones
Mr M Yamazaki





REGISTERED OFFICE: 5 Thorntons Arcade
Leeds
LS1 6LQ





REGISTERED NUMBER: 08129938 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Pickering House
40A York Place
Leeds
LS1 2ED

Masato Limited (Registered number: 08129938)

Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 715 1,006

CURRENT ASSETS
Stocks 39,115 18,462
Debtors 5 2,640 1,753
Cash at bank and in hand 20,703 23,993
62,458 44,208
CREDITORS
Amounts falling due within one year 6 39,515 32,226
NET CURRENT ASSETS 22,943 11,982
TOTAL ASSETS LESS CURRENT LIABILITIES 23,658 12,988

CREDITORS
Amounts falling due after more than one year 7 9,300 12,500
NET ASSETS 14,358 488

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 14,348 478
14,358 488

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

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

Masato Limited (Registered number: 08129938)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:





Mr M Jones - Director


Masato Limited (Registered number: 08129938)

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

1. STATUTORY INFORMATION

Masato 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.

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 - 20% on cost
Computer equipment - 33.3% 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.

3. EMPLOYEES AND DIRECTORS

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

Masato Limited (Registered number: 08129938)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2022 3,729 3,005 6,734
Additions - 417 417
Disposals (2,637 ) - (2,637 )
At 31 July 2023 1,092 3,422 4,514
DEPRECIATION
At 1 August 2022 3,073 2,655 5,728
Charge for year 218 490 708
Eliminated on disposal (2,637 ) - (2,637 )
At 31 July 2023 654 3,145 3,799
NET BOOK VALUE
At 31 July 2023 438 277 715
At 31 July 2022 656 350 1,006

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 755 -
Other debtors 1,885 1,753
2,640 1,753

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 10,375 11,144
Trade creditors 45 45
Taxation and social security 2,532 1,319
Other creditors 26,563 19,718
39,515 32,226

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans 9,300 12,500

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Yamazaki.