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REGISTERED NUMBER: 01491133 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Mastic Pointing Services Limited

Mastic Pointing Services Limited (Registered number: 01491133)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mastic Pointing Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs G Driscoll





REGISTERED OFFICE: Unit 4 Handford Court
Off Garston
Watford
WD25 9EJ





REGISTERED NUMBER: 01491133 (England and Wales)






Mastic Pointing Services Limited (Registered number: 01491133)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,276 17,845

CURRENT ASSETS
Stocks 5 28,050 25,075
Debtors 6 111,077 113,918
Cash in hand - 11,000
139,127 149,993
CREDITORS
Amounts falling due within one year 7 75,955 82,180
NET CURRENT ASSETS 63,172 67,813
TOTAL ASSETS LESS CURRENT LIABILITIES 77,448 85,658

CREDITORS
Amounts falling due after more than one
year

8

-

9,857
NET ASSETS 77,448 75,801

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 77,348 75,701
SHAREHOLDERS' FUNDS 77,448 75,801

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

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

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:



Mrs G Driscoll - Director


Mastic Pointing Services Limited (Registered number: 01491133)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Mastic Pointing Services Limited is a private company, limited by shares , registered in England and 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
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.
Plant and machinery - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2023
and 31 August 2024 63,861
DEPRECIATION
At 1 September 2023 46,016
Charge for year 3,569
At 31 August 2024 49,585
NET BOOK VALUE
At 31 August 2024 14,276
At 31 August 2023 17,845

Mastic Pointing Services Limited (Registered number: 01491133)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. STOCKS
31.8.24 31.8.23
£    £   
Stocks 28,050 25,075

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 104,905 104,910
VAT 6,172 9,008
111,077 113,918

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 40,160 47,134
Trade creditors 19,363 28,017
Social security and other taxes 3,232 4,829
Directors' current accounts 11,000 -
Accrued expenses 2,200 2,200
75,955 82,180

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2-5 years - 9,857

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties is the director, Mrs G Driscoll.