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REGISTERED NUMBER: 04007317 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

MASS DEVELOPMENTS UK LIMITED

MASS DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 04007317)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASS DEVELOPMENTS UK LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2023







DIRECTOR: M A Steventon-Smith





SECRETARY: Mrs J K Steventon-Smith





REGISTERED OFFICE: Brookgate House
15 Brookgate
Bristol
BS3 2UN





REGISTERED NUMBER: 04007317 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

MASS DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 04007317)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 280,768 320,434

CURRENT ASSETS
Debtors 5 628,450 472,747
Cash at bank 418,687 267,014
1,047,137 739,761
CREDITORS
Amounts falling due within one year 6 230,201 299,711
NET CURRENT ASSETS 816,936 440,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097,704

760,484

PROVISIONS FOR LIABILITIES 7 53,228 52,719
NET ASSETS 1,044,476 707,765

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 1,044,474 707,763
SHAREHOLDERS' FUNDS 1,044,476 707,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MASS DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 04007317)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 9 April 2024 and were signed by:





M A Steventon-Smith - Director


MASS DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 04007317)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023

1. STATUTORY INFORMATION

Mass Developments UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 33% on cost and 20% on cost

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.

MASS DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 04007317)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
Short term employee benefits including holiday pay and annual bonuses are accrued as services are rendered.

The company operates a defined contribution pension scheme for employees. Contributions payable to the company's pension scheme are charged to the statement of comprehensive income as they become payable in accordance with the rules of the scheme. Differences between contributions payable in the year and those actually paid are shown as either accruals or prepayments in the balance sheet.

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Interest bearing bank loans, overdrafts and other loans which meet the criteria of basic financial instruments are initially recorded at the present value of cash payable to the bank, usually being equivalent to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

Going concern
The company continues to be profitable and the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 15 ) .

MASS DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 04007317)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 258,016 4,733 681,965 5,250 949,964
Additions 4,500 - 75,383 - 79,883
At 30 June 2023 262,516 4,733 757,348 5,250 1,029,847
DEPRECIATION
At 1 July 2022 200,585 4,733 418,962 5,250 629,530
Charge for year 22,821 - 96,728 - 119,549
At 30 June 2023 223,406 4,733 515,690 5,250 749,079
NET BOOK VALUE
At 30 June 2023 39,110 - 241,658 - 280,768
At 30 June 2022 57,431 - 263,003 - 320,434

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 602,410 447,310
Other debtors 26,040 25,437
628,450 472,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 59,781 273,500
Taxation and social security 157,533 2,907
Other creditors 12,887 23,304
230,201 299,711

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 53,228 52,719

MASS DEVELOPMENTS UK LIMITED (REGISTERED NUMBER: 04007317)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 52,719
Movement in the year 509
Balance at 30 June 2023 53,228

The provision for deferred tax is made up as follows:

20232022
£   £   
Accelerated capital allowances53,22852,719
Tax losses--
Other timing differences--
53,22852,719

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. ULTIMATE CONTROLLING PARTY

M A Steventon-Smith and Mrs J K Steventon-Smith are the ultimate controlling party by virtue of their 100% shareholding in the company.