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REGISTERED NUMBER: 01629615 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MASTSHAPE LIMITED

MASTSHAPE LIMITED (REGISTERED NUMBER: 01629615)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASTSHAPE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs B A Heyes
Miss G F Taylor
Mrs A Taylor





SECRETARY: Mrs A Taylor





REGISTERED OFFICE: Garthmere
Garthmere Road
Atherton
Manchester
M46 9GT





REGISTERED NUMBER: 01629615 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

MASTSHAPE LIMITED (REGISTERED NUMBER: 01629615)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 180,232 186,068

CURRENT ASSETS
Debtors 6 248 28
Cash at bank 98,877 108,930
99,125 108,958
CREDITORS
Amounts falling due within one year 7 58,693 84,385
NET CURRENT ASSETS 40,432 24,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,664

210,641

PROVISIONS FOR LIABILITIES 1,353 2,191
NET ASSETS 219,311 208,450

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 219,211 208,350
SHAREHOLDERS' FUNDS 219,311 208,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

MASTSHAPE LIMITED (REGISTERED NUMBER: 01629615)

BALANCE SHEET - continued
31 MARCH 2024


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 12 September 2024 and were signed on its behalf by:





Mrs B A Heyes - Director


MASTSHAPE LIMITED (REGISTERED NUMBER: 01629615)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Mastshape 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property - 2% on cost
Land - not provided
Plant and machinery - 10% on reducing balance
Computer equipment - 15% on reducing balance

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

MASTSHAPE LIMITED (REGISTERED NUMBER: 01629615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
Property Land machinery equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 247,384 50,718 74,832 2,885 375,819
DEPRECIATION
At 1 April 2023 120,196 - 68,101 1,454 189,751
Charge for year 4,948 - 673 215 5,836
At 31 March 2024 125,144 - 68,774 1,669 195,587
NET BOOK VALUE
At 31 March 2024 122,240 50,718 6,058 1,216 180,232
At 31 March 2023 127,188 50,718 6,731 1,431 186,068

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 248 28

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 3,712 7,234
Social security and other taxes 601 -
Directors current account 52,406 75,206
Accruals and deferred income 1,974 1,945
58,693 84,385

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs A Taylor.