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REGISTERED NUMBER: 06937251 (England and Wales)














Financial Statements for the Year Ended 30 June 2024

for

Mastaplasta Ltd

Mastaplasta Ltd (Registered number: 06937251)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mastaplasta Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Ms D E Clarke
Mr S Pavlou





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 06937251 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Mastaplasta Ltd (Registered number: 06937251)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 6,474 5,305

CURRENT ASSETS
Inventories 26,500 26,000
Debtors 5 75,180 47,440
Cash at bank 171,992 185,565
273,672 259,005
CREDITORS
Amounts falling due within one year 6 (40,143 ) (37,481 )
NET CURRENT ASSETS 233,529 221,524
TOTAL ASSETS LESS CURRENT LIABILITIES 240,003 226,829

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 239,003 225,829
SHAREHOLDERS' FUNDS 240,003 226,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Mastaplasta Ltd (Registered number: 06937251)

Statement of Financial Position - continued
30 June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:




Ms D E Clarke - Director



Mr S Pavlou - Director


Mastaplasta Ltd (Registered number: 06937251)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Mastaplasta Ltd is a private company,limited by shares,registered in England & Wales. The company's registered number and registered office address can be found on the company information page.

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
Revenue 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Mastaplasta Ltd (Registered number: 06937251)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 9,625 14,279 23,904
Additions - 2,940 2,940
At 30 June 2024 9,625 17,219 26,844
DEPRECIATION
At 1 July 2023 6,720 11,879 18,599
Charge for year 436 1,335 1,771
At 30 June 2024 7,156 13,214 20,370
NET BOOK VALUE
At 30 June 2024 2,469 4,005 6,474
At 30 June 2023 2,905 2,400 5,305

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 56,558 28,847
Amounts owed by group undertakings 9,500 9,500
Other debtors 9,122 9,093
75,180 47,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 302 389
Trade creditors 9,775 8,195
Taxation and social security 22,245 21,175
Other creditors 7,821 7,722
40,143 37,481

7. RELATED PARTY DISCLOSURES

The Directors Ms. D E Clarke and Mr. S Pavlou are considered to be key management personnel.