IRIS Accounts Production v25.1.0.734 09366747 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093667472023-08-31093667472024-08-31093667472023-09-012024-08-31093667472022-08-31093667472022-09-012023-08-31093667472023-08-3109366747ns15:EnglandWales2023-09-012024-08-3109366747ns14:PoundSterling2023-09-012024-08-3109366747ns10:Director12023-09-012024-08-3109366747ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3109366747ns10:SmallEntities2023-09-012024-08-3109366747ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3109366747ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3109366747ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3109366747ns10:FullAccounts2023-09-012024-08-3109366747ns10:RegisteredOffice2023-09-012024-08-3109366747ns5:CurrentFinancialInstruments2024-08-3109366747ns5:CurrentFinancialInstruments2023-08-3109366747ns5:Non-currentFinancialInstruments2024-08-3109366747ns5:Non-currentFinancialInstruments2023-08-3109366747ns5:ShareCapital2024-08-3109366747ns5:ShareCapital2023-08-3109366747ns5:SharePremium2024-08-3109366747ns5:SharePremium2023-08-3109366747ns5:RetainedEarningsAccumulatedLosses2024-08-3109366747ns5:RetainedEarningsAccumulatedLosses2023-08-3109366747ns5:PlantMachinery2023-08-3109366747ns5:PlantMachinery2023-09-012024-08-3109366747ns5:PlantMachinery2024-08-3109366747ns5:PlantMachinery2023-08-3109366747ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3109366747ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3109366747ns5:WithinOneYear2024-08-3109366747ns5:WithinOneYear2023-08-3109366747ns5:BetweenOneFiveYears2024-08-3109366747ns5:BetweenOneFiveYears2023-08-3109366747ns5:AllPeriods2024-08-3109366747ns5:AllPeriods2023-08-31093667471ns10:Director12023-08-31093667471ns10:Director12022-08-31093667471ns10:Director12023-09-012024-08-31093667471ns10:Director12022-09-012023-08-31093667471ns10:Director12024-08-31093667471ns10:Director12023-08-31
REGISTERED NUMBER: 09366747 (England and Wales)













MASTERS OUTDOOR LEISURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






MASTERS OUTDOOR LEISURE LIMITED (REGISTERED NUMBER: 09366747)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MASTERS OUTDOOR LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: I E Masters





REGISTERED OFFICE: Unit 2 Central Avenue
Corngreaves Trading Estate
Cradley Heath
West Midlands
B64 7BY





REGISTERED NUMBER: 09366747 (England and Wales)





ACCOUNTANTS: CUTTER & CO LTD
CHARTERED ACCOUNTANTS
3 Lyttleton Court
Birmingham Street
Halesowen
West Midlands
B63 3HN

MASTERS OUTDOOR LEISURE LIMITED (REGISTERED NUMBER: 09366747)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 33,082 44,109

CURRENT ASSETS
Stocks 128,375 248,851
Debtors 5 105,716 40,829
Cash at bank - 117,955
234,091 407,635
CREDITORS
Amounts falling due within one year 6 256,290 347,611
NET CURRENT (LIABILITIES)/ASSETS (22,199 ) 60,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,883

104,133

CREDITORS
Amounts falling due after more than one
year

7

10,833

20,833
NET ASSETS 50 83,300

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 59,920 59,920
Retained earnings (60,070 ) 23,180
50 83,300

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.

MASTERS OUTDOOR LEISURE LIMITED (REGISTERED NUMBER: 09366747)

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 30th May 2025 and were signed by:





I E Masters - Director


MASTERS OUTDOOR LEISURE LIMITED (REGISTERED NUMBER: 09366747)

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

1. STATUTORY INFORMATION

Masters Outdoor Leisure 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.

Stocks
Stocks 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

MASTERS OUTDOOR LEISURE LIMITED (REGISTERED NUMBER: 09366747)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2023
and 31st August 2024 63,081
DEPRECIATION
At 1st September 2023 12,887
Charge for year 17,112
At 31st August 2024 29,999
NET BOOK VALUE
At 31st August 2024 33,082
At 31st August 2023 50,194

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,284 470
Other debtors 30,432 40,359
105,716 40,829

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,275 10,000
Trade creditors 109,545 176,080
Taxation and social security 49,926 85,970
Other creditors 67,544 75,561
256,290 347,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 20,833

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 14,658 34,235
Between one and five years 34,679 49,337
49,337 83,572

MASTERS OUTDOOR LEISURE LIMITED (REGISTERED NUMBER: 09366747)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

2024 2023
£    £   
I E Masters
Balance outstanding at start of year - 33,335
Amounts repaid - (33,335 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -