Masterman Engineering Ltd 15731859 false 2024-05-21 2025-05-31 2025-05-31 The principal activity of the company is Engineering consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 15731859 2024-05-21 2025-05-31 15731859 2025-05-31 15731859 bus:OrdinaryShareClass1 2025-05-31 15731859 bus:OrdinaryShareClass2 2025-05-31 15731859 core:CurrentFinancialInstruments 2025-05-31 15731859 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 15731859 core:FurnitureFittingsToolsEquipment 2025-05-31 15731859 bus:SmallEntities 2024-05-21 2025-05-31 15731859 bus:AuditExemptWithAccountantsReport 2024-05-21 2025-05-31 15731859 bus:FilletedAccounts 2024-05-21 2025-05-31 15731859 bus:SmallCompaniesRegimeForAccounts 2024-05-21 2025-05-31 15731859 bus:RegisteredOffice 2024-05-21 2025-05-31 15731859 bus:Director1 2024-05-21 2025-05-31 15731859 bus:OrdinaryShareClass1 2024-05-21 2025-05-31 15731859 bus:OrdinaryShareClass2 2024-05-21 2025-05-31 15731859 bus:PrivateLimitedCompanyLtd 2024-05-21 2025-05-31 15731859 core:FurnitureFittingsToolsEquipment 2024-05-21 2025-05-31 15731859 countries:AllCountries 2024-05-21 2025-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15731859

Masterman Engineering Ltd
Unaudited Filleted Financial Statements
for the Period from 21 May 2024 to 31 May 2025

Masterman Engineering Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Masterman Engineering Ltd

Company Information

Director | Mr M Masterman

Registered office | 2 Thornton Tower Cottages Newbrough Hexham Northumberland NE47 5AN

Accountants | TyneRede Accountancy Ltd Chartered Certified Accountant Lloyds Bank House Bellingham Hexham Northumberland NE48 2AZ

Masterman Engineering Ltd

(Registration number: 15731859)
Balance Sheet as at 31 May 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 4 | 745
Current assets |  |
Debtors | 5 | 40,230
Cash at bank and in hand |  | 65,245
|  | 105,475
Creditors: Amounts falling due within one year | 6 | (45,363)
Net current assets |  | 60,112
Net assets |  | 60,857
Capital and reserves |  |
Called up share capital | 7 | 100
Retained earnings |  | 60,757
Shareholders' funds |  | 60,857

For the financial period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2025

......................................... Mr M Masterman Director

Masterman Engineering Ltd

Notes to the Unaudited Financial Statements for the Period from 21 May 2024 to 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2 Thornton Tower Cottages
Newbrough
Hexham
Northumberland
NE47 5AN
England

These financial statements were authorised for issue by the director on 26 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Masterman Engineering Ltd

Notes to the Unaudited Financial Statements for the Period from 21 May 2024 to 31 May 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Masterman Engineering Ltd

Notes to the Unaudited Financial Statements for the Period from 21 May 2024 to 31 May 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
Additions | 876 | 876
At 31 May 2025 | 876 | 876
Depreciation
Charge for the period | 131 | 131
At 31 May 2025 | 131 | 131
Carrying amount
At 31 May 2025 | 745 | 745

5 | Debtors

Current | 2025 £
Trade debtors | 40,230
| 40,230

Masterman Engineering Ltd

Notes to the Unaudited Financial Statements for the Period from 21 May 2024 to 31 May 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Taxation and social security | 40,112
Accruals and deferred income | 960
Other creditors | 4,291
| 45,363

7 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary Shares of £1 each | 99 | 99
Ordinary A Shares of £1 each | 1 | 1
| 100 | 100

Masterman Engineering Ltd

Notes to the Unaudited Financial Statements for the Period from 21 May 2024 to 31 May 2025

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil.