Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07530065 Mr Nazim Ahmed Mr Magdy Shahin Dr Medhat Shahin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07530065 2023-02-28 07530065 2024-02-28 07530065 2023-03-01 2024-02-28 07530065 frs-core:CurrentFinancialInstruments 2024-02-28 07530065 frs-core:ComputerEquipment 2024-02-28 07530065 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07530065 frs-core:ComputerEquipment 2023-02-28 07530065 frs-core:ShareCapital 2024-02-28 07530065 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07530065 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07530065 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07530065 frs-bus:SmallEntities 2023-03-01 2024-02-28 07530065 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07530065 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07530065 frs-bus:Director1 2023-03-01 2024-02-28 07530065 frs-bus:Director1 2023-02-28 07530065 frs-bus:Director1 2024-02-28 07530065 frs-bus:Director2 2023-03-01 2024-02-28 07530065 frs-bus:Director3 2023-03-01 2024-02-28 07530065 frs-core:CurrentFinancialInstruments 1 2024-02-28 07530065 frs-countries:EnglandWales 2023-03-01 2024-02-28 07530065 2022-02-28 07530065 2023-02-28 07530065 2022-03-01 2023-02-28 07530065 frs-core:CurrentFinancialInstruments 2023-02-28 07530065 frs-core:ShareCapital 2023-02-28 07530065 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 07530065 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 07530065
MAS Trade and Finance Group Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Hudson Conway & Co.
70 White Lion Street
Angel
London
N1 9PP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07530065
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 217 217
217 217
CURRENT ASSETS
Debtors 5 730 730
Cash at bank and in hand 1 1
731 731
Creditors: Amounts Falling Due Within One Year 6 (20,848 ) (20,758 )
NET CURRENT ASSETS (LIABILITIES) (20,117 ) (20,027 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,900 ) (19,810 )
NET LIABILITIES (19,900 ) (19,810 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (20,000 ) (19,910 )
SHAREHOLDERS' FUNDS (19,900) (19,810)
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For the year ending 28 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 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 Nazim Ahmed
Director
09/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MAS Trade and Finance Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07530065 . The registered office is Office 4, Prospect House, 399 Hendon Way, London, NW4 3LH.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Computer Equipment 33% SLM
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 650
As at 28 February 2024 650
Depreciation
As at 1 March 2023 433
As at 28 February 2024 433
Net Book Value
As at 28 February 2024 217
As at 1 March 2023 217
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5. Debtors
2024 2023
£ £
Due within one year
Other debtors (1) 380 380
Directors' loan accounts 350 350
730 730
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,716 1,626
Loan Carthage 19,132 19,132
20,848 20,758
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr Nazim Ahmed 350 - - - -
The above loan is unsecured, interest free and repayable on demand.
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