Company Registration No. 07293672 (England and Wales)
MASSTALKS LTD
Unaudited accounts
for the year ended 31 December 2024
MASSTALKS LTD
Unaudited accounts
Contents
MASSTALKS LTD
Company Information
for the year ended 31 December 2024
Director
Logulan Nageswaran
Company Number
07293672 (England and Wales)
Registered Office
79 COLLEGE ROAD
HARROW
HA1 1BD
ENGLAND
MASSTALKS LTD
Statement of financial position
as at 31 December 2024
Tangible assets
4,358
4,831
Cash at bank and in hand
4,937
5,425
Creditors: amounts falling due within one year
(14,831)
(10,759)
Net current assets
45,157
40,384
Total assets less current liabilities
49,515
45,215
Creditors: amounts falling due after more than one year
(16,559)
(18,324)
Called up share capital
1
1
Profit and loss account
32,955
26,890
Shareholders' funds
32,956
26,891
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 17 September 2025 and were signed on its behalf by
Logulan Nageswaran
Director
Company Registration No. 07293672
MASSTALKS LTD
Notes to the Accounts
for the year ended 31 December 2024
MASSTALKS LTD is a private company, limited by shares, registered in England and Wales, registration number 07293672. The registered office is 79 COLLEGE ROAD, HARROW, HA1 1BD, ENGLAND.
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.
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax and other sales taxes.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Taxation for the period 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.
MASSTALKS LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
31,479
25,227
Other debtors
23,525
20,491
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,125
1,268
Taxes and social security
10,356
7,941
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
7,000
7,000
As at the year-end date, the director, had a debit balance of £21,015 (2023: £17,779) on his director's current account. This is an interest-free loan to the director and is shown within other debtors.
MASSTALKS LTD
Notes to the Accounts
for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).