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Registration number: 07904826

MAS Technicae Group (International) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

MAS Technicae Group (International) Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

MAS Technicae Group (International) Ltd

Company Information

Directors

Mr J J Hough

Nicholas Ian Crawford

Company secretary

Mrs K J Hough

Registered office

Bolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT

Accountants

Blackman Terry Accountants Ltd
Chartered Certified AccountantBolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT

 

MAS Technicae Group (International) Ltd

(Registration number: 07904826)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

16,374

18,666

Investments

5

1,001

1,001

 

17,375

19,667

Current assets

 

Debtors

6

107,203

42,630

Cash at bank and in hand

 

148,695

156,302

 

255,898

198,932

Creditors: Amounts falling due within one year

7

(6,343,977)

(1,236,465)

Net current liabilities

 

(6,088,079)

(1,037,533)

Total assets less current liabilities

 

(6,070,704)

(1,017,866)

Creditors: Amounts falling due after more than one year

7

-

(2,890,645)

Net liabilities

 

(6,070,704)

(3,908,511)

Capital and reserves

 

Called up share capital

8

3,090

2,984

Share premium reserve

4,037,161

3,395,478

Retained earnings

(10,110,955)

(7,306,973)

Shareholders' deficit

 

(6,070,704)

(3,908,511)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 March 2025 and signed on its behalf by:
 

 

MAS Technicae Group (International) Ltd

(Registration number: 07904826)
Balance Sheet as at 31 January 2025

.........................................
Mr J J Hough
Director

 

MAS Technicae Group (International) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT

The principal place of business is:
Sandstone Barn.
Handcross Road
Plummers Plain
Horsham
West Sussex
RH13 6NU

These financial statements were authorised for issue by the Board on 20 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

MAS Technicae Group (International) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

20% Reducing Balance

Fixtures, Fittings and Equipment

25% Straight Line

Office Equipment

20% Reducing Balance

Motor Vehicles

25% Reducing Balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

MAS Technicae Group (International) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 34 (2024 - 29).

 

MAS Technicae Group (International) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2024

29,926

41,820

71,746

Additions

4,039

583

4,622

At 31 January 2025

33,965

42,403

76,368

Depreciation

At 1 February 2024

21,498

31,582

53,080

Charge for the year

4,750

2,164

6,914

At 31 January 2025

26,248

33,746

59,994

Carrying amount

At 31 January 2025

7,717

8,657

16,374

At 31 January 2024

8,428

10,238

18,666

5

Investments

2025
£

2024
£

Investments in subsidiaries

1,001

1,001

Subsidiaries

£

Cost or valuation

At 1 February 2024

1,001

Provision

Carrying amount

At 31 January 2025

1,001

At 31 January 2024

1,001

 

MAS Technicae Group (International) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

22,195

-

Prepayments

 

36,094

10,680

Other debtors

 

48,914

31,950

   

107,203

42,630

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

3,599,329

-

Trade creditors

 

20,386

18,995

Amounts owed to group undertakings and undertakings in which the company has a participating interest

2,660,756

1,150,351

Taxation and social security

 

46,284

39,037

Accruals and deferred income

 

-

15,000

Other creditors

 

17,222

13,082

 

6,343,977

1,236,465

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

-

2,890,645

8

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £0.001 each

2,863,440

2,863.44

2,863,440

2,863.44

         
 

MAS Technicae Group (International) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

-

2,890,645

Current loans and borrowings

2025
£

2024
£

Other borrowings

3,599,329

-