Company Registration No. 06624699 (England and Wales)
Mastertech Limited
Unaudited accounts
for the year ended 30 September 2024
Mastertech Limited
Unaudited accounts
Contents
Mastertech Limited
Company Information
for the year ended 30 September 2024
Directors
Philip Boden
Neil Smithson
Company Number
06624699 (England and Wales)
Registered Office
UNIT E
UPTON STREET IND EST
HULL
HU8 7DA
Accountants
Northfield Business Services Limited
107 Boothferry Road
Hessle
East Yorkshire
HU13 9BA
Mastertech Limited
Accountants' report
Accountants' report to the board of directors of Mastertech Limited on the preparation of the unaudited statutory accounts for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Mastertech Limited for the year ended
30 September 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Mastertech Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Mastertech Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mastertech Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Mastertech Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mastertech Limited. You consider that Mastertech Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Mastertech Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Northfield Business Services Limited
107 Boothferry Road
Hessle
East Yorkshire
HU13 9BA
2 February 2025
Mastertech Limited
Statement of financial position
as at 30 September 2024
Tangible assets
3,704
5,352
Cash at bank and in hand
49,505
43,384
Creditors: amounts falling due within one year
(60,276)
(52,770)
Net current assets
15,567
10,018
Total assets less current liabilities
19,271
15,370
Creditors: amounts falling due after more than one year
(4,378)
(10,079)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
14,090
4,102
Shareholders' funds
14,190
4,202
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 2 February 2025 and were signed on its behalf by
Neil Smithson
Director
Company Registration No. 06624699
Mastertech Limited
Notes to the Accounts
for the year ended 30 September 2024
Mastertech Limited is a private company, limited by shares, registered in England and Wales, registration number 06624699. The registered office is UNIT E, UPTON STREET IND EST, HULL, HU8 7DA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
2,791
42,893
1,469
3,238
50,391
At 30 September 2024
2,791
42,893
1,469
3,238
50,391
At 1 October 2023
2,791
37,541
1,469
3,238
45,039
Charge for the year
-
1,648
-
-
1,648
At 30 September 2024
2,791
39,189
1,469
3,238
46,687
At 30 September 2024
-
3,704
-
-
3,704
At 30 September 2023
-
5,352
-
-
5,352
Mastertech Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Trade debtors
14,685
12,303
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,389
6,389
Trade creditors
22,007
17,310
Taxes and social security
29,853
26,168
Loans from directors
140
966
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 8 (2023: 7).