2023-01-01 04117742 2023-12-31 04117742 2023-01-01 2023-12-31 04117742 2022-12-31 04117742 2022-01-01 2022-12-31 04117742 uk-core:WithinOneYear 2022-12-31 04117742 uk-core:WithinOneYear 2023-12-31 04117742 uk-core:ShareCapital 2023-12-31 04117742 uk-core:ShareCapital 2022-12-31 04117742 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 04117742 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 04117742 uk-bus:Director1 2023-01-01 2023-12-31 04117742 uk-core:NetGoodwill 2023-01-01 2023-12-31 04117742 uk-core:Buildings 2023-01-01 2023-12-31 04117742 uk-core:PlantMachinery 2023-01-01 2023-12-31 04117742 uk-core:ToolsEquipment 2023-01-01 2023-12-31 04117742 uk-core:Goodwill 2022-12-31 04117742 uk-core:Goodwill 2023-12-31 04117742 uk-core:ToolsEquipment 2022-12-31 04117742 uk-core:PlantMachinery 2022-12-31 04117742 uk-core:Buildings 2022-12-31 04117742 uk-core:Buildings 2023-12-31 04117742 uk-core:PlantMachinery 2023-12-31 04117742 uk-core:ToolsEquipment 2023-12-31 04117742 uk-core:WithinOneYear 2023-12-31 04117742 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure 04117742 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04117742 uk-bus:FRS102 2023-01-01 2023-12-31 04117742 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 04117742 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Muckmasters Limited
Registered Number:04117742
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
04117742
As at 31 December 2023
Muckmasters Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
27,885
41,899
3
27,885
41,899
Current assets
Trade and other receivables
2,120
60
4
140
Cash and cash equivalents
2,763
2,823
2,260
Trade and other payables: amounts falling due within one
year
(19,296)
(16,493)
5
(17,036)
(13,670)
Net current liabilities
Total assets less current liabilities
14,215
24,863
(4,624)
(7,251)
Provisions for liabilities
9,591
Net assets
17,612
Capital and reserves
Called up share capital
2
2
Retained earnings
9,589
17,610
9,591
17,612
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
DR Barnard Director
These financial statements were approved and authorised for issue by the Board on 01 September 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 December 2023
Muckmasters Limited
Notes to the Financial Statements
Statutory Information
Muckmasters Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04117742.
Registered address:
The Bungalow
Lindfield Farm
Warrs Hill, North Chailey
East Sussex
BN8 4JF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of 20 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Freehold land and buildings
10% Straight line
Plant and machinery
20% Reducing balance
25% Reducing balance
Computer equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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4
For the year ended 31 December 2023
Muckmasters Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
39,621
At 31 December 2023
39,621
Amortisation
At 01 January 2023
39,621
At 31 December 2023
39,621
Net book value
At 31 December 2023
-
At 31 December 2022
-
3. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
Freehold land
and buildings
£
£
£
£
Cost or
valuation
At 01 January 2023
166,603
916
160,348
5,339
-
(78,412)
-
Disposals
(78,412)
At 31 December 2023
5,339
81,936
916
88,191
Provision for depreciation and impairment
At 01 January 2023
124,704
401
122,701
1,602
Charge for year
6,790
171
6,085
534
(71,188)
-
(71,188)
-
On disposal
At 31 December 2023
60,306
572
57,598
2,136
At 31 December 2023
Net book value
3,203
24,338
344
27,885
At 31 December 2022
3,737
37,647
515
41,899
4. Trade and other receivables
2022
2023
£
£
Trade debtors
-
2,120
Other debtors
60
-
2,120
60
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5
For the year ended 31 December 2023
Muckmasters Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
5,959
7,148
Trade creditors
1
68
Taxation and social security
8,608
9,368
Other creditors
1,925
2,712
16,493
19,296
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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