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Company Registration No. 11220440 (England and Wales)
Mas Pan Ltd Unaudited accounts for the year ended 29 February 2024
Mas Pan Ltd Unaudited accounts Contents
Page
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Mas Pan Ltd Company Information for the year ended 29 February 2024
Director
C De Witt
Company Number
11220440 (England and Wales)
Registered Office
Claremont 74 Holland Road Maidstone Kent ME14 1UT
Accountants
Creative and Numbers Accountancy and Bookkeeping Claremont 74 Holland Road Maidstone Kent ME14 1UT
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Mas Pan Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,385 
- 
Current assets
Debtors
1,311 
1,311 
Cash at bank and in hand
14,673 
34,649 
15,984 
35,960 
Creditors: amounts falling due within one year
(10,912)
(18,801)
Net current assets
5,072 
17,159 
Net assets
6,457 
17,159 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,456 
17,158 
Shareholders' funds
6,457 
17,159 
For the year ending 29 February 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2024 and were signed on its behalf by
C De Witt Director Company Registration No. 11220440
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Mas Pan Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Mas Pan Ltd is a private company, limited by shares, registered in England and Wales, registration number 11220440. The registered office is Claremont, 74 Holland Road Maidstone, Kent, ME14 1UT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
2,158 
Additions
1,535 
At 29 February 2024
3,693 
Depreciation
At 1 March 2023
2,158 
Charge for the year
150 
At 29 February 2024
2,308 
Net book value
At 29 February 2024
1,385 
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Mas Pan Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,311 
1,311 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
9,104 
6,947 
Loans from directors
788 
9,634 
Accruals
1,020 
2,220 
10,912 
18,801 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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