2023-03-012024-02-292024-02-29false11806471MASWORTH LTD2024-11-1547910iso4217:GBPxbrli:pure118064712023-03-01118064712024-02-29118064712023-03-012024-02-29118064712022-03-01118064712023-02-28118064712022-03-012023-02-2811806471bus:SmallEntities2023-03-012024-02-2911806471bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2911806471bus:FullAccounts2023-03-012024-02-2911806471bus:PrivateLimitedCompanyLtd2023-03-012024-02-2911806471core:WithinOneYear2024-02-2911806471core:AfterOneYear2024-02-2911806471core:WithinOneYear2023-02-2811806471core:AfterOneYear2023-02-2811806471core:ShareCapital2024-02-2911806471core:SharePremium2024-02-2911806471core:RevaluationReserve2024-02-2911806471core:OtherReservesSubtotal2024-02-2911806471core:RetainedEarningsAccumulatedLosses2024-02-2911806471core:ShareCapital2023-02-2811806471core:SharePremium2023-02-2811806471core:RevaluationReserve2023-02-2811806471core:OtherReservesSubtotal2023-02-2811806471core:RetainedEarningsAccumulatedLosses2023-02-2811806471core:LandBuildings2024-02-2911806471core:PlantMachinery2024-02-2911806471core:Vehicles2024-02-2911806471core:FurnitureFittings2024-02-2911806471core:OfficeEquipment2024-02-2911806471core:NetGoodwill2024-02-2911806471core:IntangibleAssetsOtherThanGoodwill2024-02-2911806471core:ListedExchangeTraded2024-02-2911806471core:UnlistedNon-exchangeTraded2024-02-2911806471core:LandBuildings2023-02-2811806471core:PlantMachinery2023-02-2811806471core:Vehicles2023-02-2811806471core:FurnitureFittings2023-02-2811806471core:OfficeEquipment2023-02-2811806471core:NetGoodwill2023-02-2811806471core:IntangibleAssetsOtherThanGoodwill2023-02-2811806471core:ListedExchangeTraded2023-02-2811806471core:UnlistedNon-exchangeTraded2023-02-2811806471core:LandBuildings2023-03-012024-02-2911806471core:PlantMachinery2023-03-012024-02-2911806471core:Vehicles2023-03-012024-02-2911806471core:FurnitureFittings2023-03-012024-02-2911806471core:OfficeEquipment2023-03-012024-02-2911806471core:NetGoodwill2023-03-012024-02-2911806471core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911806471core:ListedExchangeTraded2023-03-012024-02-2911806471core:UnlistedNon-exchangeTraded2023-03-012024-02-2911806471core:MoreThanFiveYears2023-03-012024-02-2911806471core:Non-currentFinancialInstruments2024-02-2911806471core:Non-currentFinancialInstruments2023-02-2811806471dpl:CostSales2023-03-012024-02-2911806471dpl:DistributionCosts2023-03-012024-02-2911806471core:LandBuildings2023-03-012024-02-2911806471core:PlantMachinery2023-03-012024-02-2911806471core:Vehicles2023-03-012024-02-2911806471core:FurnitureFittings2023-03-012024-02-2911806471core:OfficeEquipment2023-03-012024-02-2911806471dpl:AdministrativeExpenses2023-03-012024-02-2911806471core:NetGoodwill2023-03-012024-02-2911806471core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911806471dpl:GroupUndertakings2023-03-012024-02-2911806471dpl:ParticipatingInterests2023-03-012024-02-2911806471dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2911806471core:ListedExchangeTraded2023-03-012024-02-2911806471dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2911806471core:UnlistedNon-exchangeTraded2023-03-012024-02-2911806471dpl:CostSales2022-03-012023-02-2811806471dpl:DistributionCosts2022-03-012023-02-2811806471core:LandBuildings2022-03-012023-02-2811806471core:PlantMachinery2022-03-012023-02-2811806471core:Vehicles2022-03-012023-02-2811806471core:FurnitureFittings2022-03-012023-02-2811806471core:OfficeEquipment2022-03-012023-02-2811806471dpl:AdministrativeExpenses2022-03-012023-02-2811806471core:NetGoodwill2022-03-012023-02-2811806471core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811806471dpl:GroupUndertakings2022-03-012023-02-2811806471dpl:ParticipatingInterests2022-03-012023-02-2811806471dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2811806471core:ListedExchangeTraded2022-03-012023-02-2811806471dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2811806471core:UnlistedNon-exchangeTraded2022-03-012023-02-2811806471core:NetGoodwill2024-02-2911806471core:IntangibleAssetsOtherThanGoodwill2024-02-2911806471core:LandBuildings2024-02-2911806471core:PlantMachinery2024-02-2911806471core:Vehicles2024-02-2911806471core:FurnitureFittings2024-02-2911806471core:OfficeEquipment2024-02-2911806471core:AfterOneYear2024-02-2911806471core:WithinOneYear2024-02-2911806471core:ListedExchangeTraded2024-02-2911806471core:UnlistedNon-exchangeTraded2024-02-2911806471core:ShareCapital2024-02-2911806471core:SharePremium2024-02-2911806471core:RevaluationReserve2024-02-2911806471core:OtherReservesSubtotal2024-02-2911806471core:RetainedEarningsAccumulatedLosses2024-02-2911806471core:NetGoodwill2023-02-2811806471core:IntangibleAssetsOtherThanGoodwill2023-02-2811806471core:LandBuildings2023-02-2811806471core:PlantMachinery2023-02-2811806471core:Vehicles2023-02-2811806471core:FurnitureFittings2023-02-2811806471core:OfficeEquipment2023-02-2811806471core:AfterOneYear2023-02-2811806471core:WithinOneYear2023-02-2811806471core:ListedExc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MASWORTH LTD

Registered Number
11806471
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

MASWORTH LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

AMARGIANAKI, Aimilia
MASELIS, Konstantinos

Registered Address

Parkhill Business Centre
Walton Road
Wetherby
LS22 5DZ

Registered Number

11806471 (England and Wales)
MASWORTH LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,9523,936
2,9523,936
Current assets
Stocks436,43021,029
Debtors32,8967,679
Cash at bank and on hand35,8656,682
105,19135,390
Creditors amounts falling due within one year5(70,904)(58,756)
Net current assets (liabilities)34,287(23,366)
Total assets less current liabilities37,239(19,430)
Creditors amounts falling due after one year6(3,800)(8,600)
Net assets33,439(28,030)
Capital and reserves
Called up share capital11
Profit and loss account33,438(28,031)
Shareholders' funds33,439(28,030)
The financial statements were approved and authorised for issue by the Board of Directors on 15 November 2024, and are signed on its behalf by:
MASELIS, Konstantinos
Director
Registered Company No. 11806471
MASWORTH LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Office Equipment - 25% Reducing Balance Computer Equipment - 25% Reducing Balance
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 238,0788,078
At 29 February 248,0788,078
Depreciation and impairment
At 01 March 234,1424,142
Charge for year984984
At 29 February 245,1265,126
Net book value
At 29 February 242,9522,952
At 28 February 233,9363,936
4.Stocks
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2024

2023

££
Other stocks36,43021,029
Total36,43021,029
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables55,30925,534
Bank borrowings and overdrafts2,400-
Taxation and social security6,957-
Other creditors6,23833,222
Total70,90458,756
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.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts3,8008,600
Total3,8008,600