1 September 2022 false Taxfiler 2023.15 06685408business:PrivateLimitedCompanyLtd2022-09-012023-08-31 066854082022-08-31 066854082022-09-012023-08-31 06685408business:AuditExemptWithAccountantsReport2022-09-012023-08-31 06685408business:FilletedAccounts2022-09-012023-08-31 066854082023-08-31 06685408business:Director12022-09-012023-08-31 06685408business:Director22022-09-012023-08-31 06685408business:RegisteredOffice2022-09-012023-08-31 066854082022-08-31 06685408core:WithinOneYear2023-08-31 06685408core:WithinOneYear2022-08-31 06685408core:AfterOneYear2023-08-31 06685408core:AfterOneYear2022-08-31 06685408core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 06685408core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 06685408core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 06685408core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 06685408core:PreviouslyStatedAmount2023-08-31 06685408core:PreviouslyStatedAmount2022-08-31 06685408business:SmallEntities2022-09-012023-08-31 06685408countries:EnglandWales2022-09-012023-08-31 06685408core:PlantMachinery2022-09-012023-08-31 06685408core:MotorVehicles2022-09-012023-08-31 06685408core:FurnitureFittings2022-09-012023-08-31 06685408core:ComputerEquipment2022-09-012023-08-31 06685408core:PlantMachinery2022-08-31 06685408core:MotorVehicles2022-08-31 06685408core:FurnitureFittings2022-08-31 06685408core:ComputerEquipment2022-08-31 06685408core:PlantMachinery2023-08-31 06685408core:MotorVehicles2023-08-31 06685408core:FurnitureFittings2023-08-31 06685408core:ComputerEquipment2023-08-31 066854082021-09-012022-08-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Master Accounting Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,039 
23,329 
Investments
5,000 
5,000 
44,039 
28,329 
Current assets
Debtors
64,372 
62,960 
Cash at bank and in hand
22,331 
31,921 
86,703 
94,881 
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)
Net assets
41,879 
36,652 
Capital and reserves
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
- 4 -
Master Accounting Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Amended 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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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
- 5 -
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 
Depreciation
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 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,095 
18,752 
Other debtors
39,277 
44,208 
64,372 
62,960 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,557 
6,256 
VAT
10,813 
7,936 
Obligations under finance leases and hire purchase contracts
2,984 
- 
Trade creditors
- 
10,085 
Taxes and social security
9,736 
5,956 
Other creditors
13,571 
13,406 
Loans from directors
1,236 
924 
Accruals
1,376 
1,376 
46,273 
45,939 
- 6 -
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 
£ 
£ 
Bank loans
34,336 
40,619 
Obligations under finance leases and hire purchase contracts
8,254 
- 
42,590 
40,619 
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
- 7 -