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Registered Number: 11191628
England and Wales

 

 

 

MASTER MAINTENANCE GROUP LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 29 February 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
SA Accountancy Practice
29 February 2024



....................................................

SA Accountancy Practice

Suite 201A Equitable House
10 Woolwich New Road
London
SE186AB
30 November 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 5 223,109    226,345 
223,109    226,345 
Current assets      
Stocks 94,508    44,508 
Debtors 44,504    65,684 
Cash at bank and in hand 620,281    226,610 
759,293    336,802 
Creditors: amount falling due within one year (263,414)   (187,376)
Net current assets 495,879    149,426 
 
Total assets less current liabilities 718,988    375,771 
Creditors: amount falling due after more than one year (498,958)   (150,573)
Net assets 220,030    225,198 
 

Capital and reserves
     
Called up share capital 6 10,000    10,000 
Profit and loss account 210,030    215,198 
Shareholders' funds 220,030    225,198 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 November 2024 and were signed by:


-------------------------------
Jon Benjamin Green
Director
2
General Information
MASTER MAINTENANCE GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 11191628, registration address Equitable House, 10 Woolwich New Road, Woolwich, London, SE18 6AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20 Straight Line
Motor Vehicles 20 Straight Line
Fixtures and Fittings 20 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Directors' Emoluments

2024
£
  2023
£
Administrative Expenses
Directors Salaries 7,020    8,424 
7,020    8,424 

3.

Staff Costs

2024
£
  2023
£
Wages and salaries 306,372    274,644 
Social security costs 106,931    75,561 
Pension costs, defined contribution plan 14,711    7,873 
Other staff costs 52,821    9,677 
480,835    367,755 
 
Average number of employees during the year Number   Number
Administration 4    4 
Production 8    5 
Sales 1    1 
13    10 

4.

Average number of employees

Average number of employees during the year was 13 (2023 : 6).
5.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 March 2023 113,666    210,751    14,000    338,417 
Additions   80,559      80,559 
Disposals      
At 29 February 2024 113,666    291,310    14,000    418,976 
Depreciation
At 01 March 2023 75,223    26,769    10,080    112,072 
Charge for year 22,733    58,262    2,800    83,795 
On disposals      
At 29 February 2024 97,956    85,031    12,880    195,867 
Net book values
Closing balance as at 29 February 2024 15,710    206,279    1,120    223,109 
Opening balance as at 01 March 2023 38,443    183,982    3,920    226,345 


6.

Share Capital

Authorised
10,000 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
10,000 Class A shares of £1.00 each 10,000    10,000 
10,000    10,000 

3