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MINIMASTER LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024






MINIMASTER LIMITED (REGISTERED NUMBER: 03687070)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINIMASTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: D Leeson





SECRETARY: A Askew





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 03687070 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

MINIMASTER LIMITED (REGISTERED NUMBER: 03687070)

BALANCE SHEET
31ST AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 35,150 38,347

CURRENT ASSETS
Debtors 6 33,059 20,610
Cash at bank 2,453 21,698
35,512 42,308
CREDITORS
Amounts falling due within one year 7 46,349 34,147
NET CURRENT (LIABILITIES)/ASSETS (10,837 ) 8,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,313

46,508

CREDITORS
Amounts falling due after more than one
year

8

(16,274

)

(30,318

)

PROVISIONS FOR LIABILITIES (6,678 ) (7,286 )
NET ASSETS 1,361 8,904

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,261 8,804
SHAREHOLDERS' FUNDS 1,361 8,904

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

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

The director acknowledges his 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.

MINIMASTER LIMITED (REGISTERED NUMBER: 03687070)

BALANCE SHEET - continued
31ST AUGUST 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 director and authorised for issue on 28th February 2025 and were signed by:





D Leeson - Director


MINIMASTER LIMITED (REGISTERED NUMBER: 03687070)

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

1. STATUTORY INFORMATION

Minimaster 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the invoiced value of goods and services inclusive of Value Added Tax.

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 reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

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 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

MINIMASTER LIMITED (REGISTERED NUMBER: 03687070)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st September 2023 75,015 8,897 32,000 115,912
Additions 3,484 3,328 - 6,812
At 31st August 2024 78,499 12,225 32,000 122,724
DEPRECIATION
At 1st September 2023 65,778 5,387 6,400 77,565
Charge for year 3,180 1,709 5,120 10,009
At 31st August 2024 68,958 7,096 11,520 87,574
NET BOOK VALUE
At 31st August 2024 9,541 5,129 20,480 35,150
At 31st August 2023 9,237 3,510 25,600 38,347

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 22,869 -
Other debtors 7,130 7,130
Directors' current accounts - 9,217
Prepayments 3,060 4,263
33,059 20,610

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 7,667 7,667
Hire purchase contracts 6,838 6,838
Trade creditors 1,269 -
Tax 4,731 3,463
Social security and other taxes 26 100
VAT 8,563 7,053
Other creditors 93 31
Credit card control account 2,196 1,116
PayPal control account 163 163
Net wages control account 2,528 1,648
Directors' current accounts 3,263 -
Accrued expenses 9,012 6,068
46,349 34,147

MINIMASTER LIMITED (REGISTERED NUMBER: 03687070)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 5,373 7,667
Bank loans - 2-5 years - 4,912
Hire purchase contracts 10,901 17,739
16,274 30,318