MASTERPLAN BUSINESS AND ENGINEERING LIMITED

Company Registration Number:
SC492617 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MASTERPLAN BUSINESS AND ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

MASTERPLAN BUSINESS AND ENGINEERING LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Current assets
Cash at bank and in hand: 9,939 2,677
Total current assets: 9,939 2,677
Creditors: amounts falling due within one year: 3 (9,736) (2,549)
Net current assets (liabilities): 203 128
Total assets less current liabilities: 203 128
Total net assets (liabilities): 203 128
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 103 28
Shareholders funds: 203 128

The notes form part of these financial statements

MASTERPLAN BUSINESS AND ENGINEERING LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: Mr H M M Santos
Status: Director

The notes form part of these financial statements

MASTERPLAN BUSINESS AND ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computer equipment 33.33% on cost

MASTERPLAN BUSINESS AND ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

MASTERPLAN BUSINESS AND ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Creditors: amounts falling due within one year note

Corporation tax 7,493 4,005 Other creditors 2,243 (1,456) 9,736 2,549