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REGISTERED NUMBER: 03580528 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

MAS SYSTEMS LTD

MAS SYSTEMS LTD (REGISTERED NUMBER: 03580528)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAS SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M Silvester
A A Silvester





SECRETARY: A A Silvester





REGISTERED OFFICE: The Oast
Stunts Green
Herstmonceux
East Sussex
BN27 4PN





REGISTERED NUMBER: 03580528 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

MAS SYSTEMS LTD (REGISTERED NUMBER: 03580528)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,215 115,101

CURRENT ASSETS
Stocks 5,000 6,500
Debtors 5 177,622 109,628
Cash at bank and in hand 119,870 278,589
302,492 394,717
CREDITORS
Amounts falling due within one year 6 89,563 131,308
NET CURRENT ASSETS 212,929 263,409
TOTAL ASSETS LESS CURRENT LIABILITIES 330,144 378,510

CREDITORS
Amounts falling due after more than one
year

7

(54,975

)

(83,635

)

PROVISIONS FOR LIABILITIES 8 (11,612 ) -
NET ASSETS 263,557 294,875

MAS SYSTEMS LTD (REGISTERED NUMBER: 03580528)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Share premium 6,000 6,000
Retained earnings 252,557 283,875
SHAREHOLDERS' FUNDS 263,557 294,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 30 September 2024 and were signed on its behalf by:





M Silvester - Director


MAS SYSTEMS LTD (REGISTERED NUMBER: 03580528)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

MAS Systems Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


MAS SYSTEMS LTD (REGISTERED NUMBER: 03580528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

MAS SYSTEMS LTD (REGISTERED NUMBER: 03580528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 - 205,504 205,504
Additions 22,480 8,383 30,863
At 30 June 2024 22,480 213,887 236,367
DEPRECIATION
At 1 July 2023 - 90,403 90,403
Charge for year - 28,749 28,749
At 30 June 2024 - 119,152 119,152
NET BOOK VALUE
At 30 June 2024 22,480 94,735 117,215
At 30 June 2023 - 115,101 115,101

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 120,924
DEPRECIATION
At 1 July 2023 22,108
Charge for year 24,704
At 30 June 2024 46,812
NET BOOK VALUE
At 30 June 2024 74,112
At 30 June 2023 98,816

MAS SYSTEMS LTD (REGISTERED NUMBER: 03580528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 146,291 94,817
Amounts recoverable on contract 26,000 10,500
Other debtors 5,331 4,311
177,622 109,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 18,678 18,681
Trade creditors 22,476 42,983
Taxation and social security 37,360 56,157
Other creditors 1,049 3,487
89,563 131,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,167 19,167
Hire purchase contracts 45,808 64,468
54,975 83,635

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,612 -

Deferred
tax
£   
Accelerated capital allowances 11,612
Balance at 30 June 2024 11,612

MAS SYSTEMS LTD (REGISTERED NUMBER: 03580528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,500 Ordinary A £1 1,500 1,500
500 Ordinary B £1 500 500
1,500 Ordinary C £1 1,500 1,500
1,500 Ordinary D £1 1,500 1,500
5,000 5,000