Acorah Software Products - Accounts Production 15.0.600 false true false 1 October 2023 30 September 2024 30 September 2024 14353855 Mr Daniel Bullman Mr Mark Macpherson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14353855 2023-09-30 14353855 2024-09-30 14353855 2023-10-01 2024-09-30 14353855 frs-core:CurrentFinancialInstruments 2024-09-30 14353855 frs-core:FurnitureFittings 2024-09-30 14353855 frs-core:FurnitureFittings 2023-10-01 2024-09-30 14353855 frs-core:FurnitureFittings 2023-09-30 14353855 frs-core:NetGoodwill 2024-09-30 14353855 frs-core:NetGoodwill 2023-10-01 2024-09-30 14353855 frs-core:NetGoodwill 2023-09-30 14353855 frs-core:ShareCapital 2024-09-30 14353855 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 14353855 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14353855 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 14353855 frs-bus:SmallEntities 2023-10-01 2024-09-30 14353855 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14353855 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14353855 frs-bus:Director1 2023-10-01 2024-09-30 14353855 frs-bus:Director2 2023-10-01 2024-09-30 14353855 frs-countries:EnglandWales 2023-10-01 2024-09-30
Registered number: 14353855
Mast Safety Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14353855
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 57,678
Tangible Assets 5 3,400
61,078
CURRENT ASSETS
Debtors 6 23,101
Cash at bank and in hand 11,711
34,812
Creditors: Amounts Falling Due Within One Year 7 (93,934 )
NET CURRENT ASSETS (LIABILITIES) (59,122 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,956
NET ASSETS 1,956
CAPITAL AND RESERVES
Called up share capital 8 200
Profit and Loss Account 1,756
SHAREHOLDERS' FUNDS 1,956
Page 1
Page 2
For the year ending 30 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Macpherson
Director
21/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mast Safety Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14353855 . The registered office is 41 Westbury Lane, Buckhurst Hill, Essex, IG9 5PJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 -
Additions 72,097
As at 30 September 2024 72,097
Amortisation
As at 1 October 2023 -
Provided during the period 14,419
As at 30 September 2024 14,419
Net Book Value
As at 30 September 2024 57,678
As at 1 October 2023 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 -
Additions 4,000
As at 30 September 2024 4,000
Depreciation
As at 1 October 2023 -
Provided during the period 600
As at 30 September 2024 600
Net Book Value
As at 30 September 2024 3,400
As at 1 October 2023 -
6. Debtors
2024
£
Due within one year
Trade debtors 22,652
Other debtors 449
23,101
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 4,558
Other creditors 83,373
Taxation and social security 6,003
93,934
8. Share Capital
2024
£
Allotted, Called up and fully paid 200
Page 5