1 April 2023 false No description of principal activity Taxfiler 2024.7.1 01099352business:PrivateLimitedCompanyLtd2023-04-012024-03-31 010993522023-03-31 010993522023-04-012024-03-31 01099352business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 01099352business:FilletedAccounts2023-04-012024-03-31 010993522024-03-31 01099352business:Director32023-04-012024-03-31 01099352business:RegisteredOffice2023-04-012024-03-31 010993522023-03-31 01099352core:WithinOneYear2024-03-31 01099352core:WithinOneYear2023-03-31 01099352core:AfterOneYear2024-03-31 01099352core:AfterOneYear2023-03-31 01099352core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 01099352core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 01099352core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 01099352core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 01099352core:PreviouslyStatedAmount2024-03-31 01099352core:PreviouslyStatedAmount2023-03-31 01099352business:SmallEntities2023-04-012024-03-31 01099352countries:EnglandWales2023-04-012024-03-31 01099352core:MotorVehicles2023-04-012024-03-31 01099352core:FurnitureFittings2023-04-012024-03-31 01099352core:MotorVehicles2023-03-31 01099352core:FurnitureFittings2023-03-31 01099352core:MotorVehicles2024-03-31 01099352core:FurnitureFittings2024-03-31 010993522022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 01099352 (England and Wales)
MASSGROVE LIMITED Unaudited accounts for the year ended 31 March 2024
MASSGROVE LIMITED Unaudited accounts Contents
Page
- 2 -
MASSGROVE LIMITED Company Information for the year ended 31 March 2024
Director
Maurice Naji Lawee
Company Number
01099352 (England and Wales)
Registered Office
274 WEST END LANE LONDON NW6 1LJ ENGLAND
Accountants
Xeinadin 8th Floor, Becket House 36 Old Jewry London EC2R 8DD
- 3 -
MASSGROVE LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,316 
20,801 
Investments
63 
63 
16,379 
20,864 
Current assets
Inventories
136,000 
140,000 
Debtors
261,258 
343,625 
Cash at bank and in hand
10,072 
13,480 
407,330 
497,105 
Creditors: amounts falling due within one year
(259,107)
(245,059)
Net current assets
148,223 
252,046 
Total assets less current liabilities
164,602 
272,910 
Creditors: amounts falling due after more than one year
(91,019)
(132,291)
Net assets
73,583 
140,619 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
73,483 
140,519 
Shareholders' funds
73,583 
140,619 
For the year ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 March 2025 and were signed on its behalf by
Maurice Naji Lawee Director Company Registration No. 01099352
- 4 -
MASSGROVE LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MASSGROVE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01099352. The registered office is 274 WEST END LANE, LONDON, NW6 1LJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing value
Fixtures & fittings
20% on reducing value
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments
Investments in shares are included at cost less accumulated impairment.
- 5 -
MASSGROVE LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
36,433 
48,449 
84,882 
At 31 March 2024
36,433 
48,449 
84,882 
Depreciation
At 1 April 2023
29,948 
34,133 
64,081 
Charge for the year
1,622 
2,863 
4,485 
At 31 March 2024
31,570 
36,996 
68,566 
Net book value
At 31 March 2024
4,863 
11,453 
16,316 
At 31 March 2023
6,485 
14,316 
20,801 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
63 
Valuation at 31 March 2024
63 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,108 
122,475 
Accrued income and prepayments
4,125 
4,125 
Other debtors
217,025 
217,025 
261,258 
343,625 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
66,206 
54,210 
Taxes and social security
21,083 
17,752 
Other creditors
- 
199 
Loans from directors
168,818 
168,818 
Accruals
3,000 
4,080 
259,107 
245,059 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
91,019 
132,291 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 6 -