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REGISTERED NUMBER: 10190697 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

MASTACAB (SOUTH EAST) LIMITED

MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 757,703 805,574

CURRENT ASSETS
Stocks 11,575 12,633
Debtors 5 180,108 220,845
Cash at bank 1,359,907 1,211,344
1,551,590 1,444,822
CREDITORS
Amounts falling due within one year 6 101,477 129,913
NET CURRENT ASSETS 1,450,113 1,314,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,207,816

2,120,483

PROVISIONS FOR LIABILITIES 7 8,147 16,265
NET ASSETS 2,199,669 2,104,218

MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)

BALANCE SHEET - continued
31ST MAY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 2,198,669 2,103,218
SHAREHOLDERS' FUNDS 2,199,669 2,104,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th February 2025 and were signed on its behalf by:





D Pangonis - Director


MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Mastacab (South East) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10190697

Registered office: Container House
George Summers Close
Medway City Estate
Rochester
ME2 4NS

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Cabin fleet - 10% on cost
Vehicles & plant - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

Freehold property
Depreciation is not provided on the freehold property as in the opinion of the directors, the property is maintained to such a high standard that market value will always exceed historical cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Freehold Cabin Vehicles
property fleet & plant Totals
£    £    £    £   
COST
At 1st June 2023 587,319 353,621 135,666 1,076,606
Disposals - (371 ) - (371 )
At 31st May 2024 587,319 353,250 135,666 1,076,235
DEPRECIATION
At 1st June 2023 - 195,408 75,624 271,032
Charge for year - 35,460 12,281 47,741
Eliminated on disposal - (241 ) - (241 )
At 31st May 2024 - 230,627 87,905 318,532
NET BOOK VALUE
At 31st May 2024 587,319 122,623 47,761 757,703
At 31st May 2023 587,319 158,213 60,042 805,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 175,072 215,769
Other debtors 5,036 5,076
180,108 220,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 96,827 126,546
Other creditors 4,650 3,367
101,477 129,913

MASTACAB (SOUTH EAST) LIMITED (REGISTERED NUMBER: 10190697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 8,147 16,265

Deferred
tax
£   
Balance at 1st June 2023 16,265
Provided during year (8,118 )
Balance at 31st May 2024 8,147

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
750 Ordinary A £1 750 750
250 Ordinary B £1 250 250
1,000 1,000