Registered number
09380902
London Master Services Limited
Filleted Accounts
31 January 2024
London Master Services Limited
Registered number: 09380902
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 894,646 777,092
Current assets
Debtors 4 1,148,152 972,333
Cash at bank and in hand 29,528 11,270
1,177,680 983,603
Creditors: amounts falling due within one year 5 (703,162) (553,528)
Net current assets 474,518 430,075
Total assets less current liabilities 1,369,164 1,207,167
Creditors: amounts falling due after more than one year 6 (114,304) (147,812)
Net assets 1,254,860 1,059,355
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 1,253,860 1,058,355
Shareholders' funds 1,254,860 1,059,355
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ramsagar SONEE
Director
Approved by the board on 31 October 2024
London Master Services Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2023 1,893,877
Additions 301,090
At 31 January 2024 2,194,967
Depreciation
At 1 February 2023 1,116,785
Charge for the year 183,536
At 31 January 2024 1,300,321
Net book value
At 31 January 2024 894,646
At 31 January 2023 777,092
4 Debtors 2024 2023
£ £
Loans & Advances 1,137,078 926,804
Prepayment 3,762 3,762
VAT Recoverable 7,312 41,767
1,148,152 972,333
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 548,714 427,922
Taxation and social security costs 50,106 25,449
Director Loan Account 30,000 30,000
Other creditors 74,342 70,157
703,162 553,528
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 114,304 147,812
7 Other information
London Master Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
M155, Viglen House Business Centre
Alperton lane
Wembley
Middlesex
HA0 1HD
London Master Services Limited 09380902 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 Ramsagar SONEE No description of principal activity 09380902 2022-02-01 2023-01-31 09380902 core:WithinOneYear 2023-01-31 09380902 core:AfterOneYear 2023-01-31 09380902 core:ShareCapital 2023-01-31 09380902 core:RetainedEarningsAccumulatedLosses 2023-01-31 09380902 2023-02-01 2024-01-31 09380902 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09380902 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09380902 bus:Director40 2023-02-01 2024-01-31 09380902 1 2023-02-01 2024-01-31 09380902 2 2023-02-01 2024-01-31 09380902 core:Vehicles 2023-02-01 2024-01-31 09380902 countries:England 2023-02-01 2024-01-31 09380902 bus:FRS102 2023-02-01 2024-01-31 09380902 bus:FilletedAccounts 2023-02-01 2024-01-31 09380902 2024-01-31 09380902 core:WithinOneYear 2024-01-31 09380902 core:AfterOneYear 2024-01-31 09380902 core:ShareCapital 2024-01-31 09380902 core:RetainedEarningsAccumulatedLosses 2024-01-31 09380902 core:Vehicles 2024-01-31 09380902 2023-01-31 09380902 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure