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Registered number: 11624750
Master Developments Group Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11624750
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,909 4,368
4,909 4,368
CURRENT ASSETS
Debtors 5 159,688 50,802
Cash at bank and in hand 21,000 44,676
180,688 95,478
Creditors: Amounts Falling Due Within One Year 6 (172,453 ) (100,143 )
NET CURRENT ASSETS (LIABILITIES) 8,235 (4,665 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,144 (297 )
Creditors: Amounts Falling Due After More Than One Year 7 (36,437 ) (42,345 )
NET LIABILITIES (23,293 ) (42,642 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (23,393 ) (42,742 )
SHAREHOLDERS' FUNDS (23,293) (42,642)
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
E Hassam
Director
31st October 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Master Developments Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11624750 . The registered office is 79 Coleman Road, Leicester, LE5 4LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% on Cost
Office Equipment 20% on Cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Motor Vehicles Office Equipment Total
£ £ £
Cost
As at 1 November 2023 2,500 6,278 8,778
Additions - 2,433 2,433
As at 31 October 2024 2,500 8,711 11,211
Depreciation
As at 1 November 2023 125 4,285 4,410
Provided during the period 500 1,392 1,892
As at 31 October 2024 625 5,677 6,302
Net Book Value
As at 31 October 2024 1,875 3,034 4,909
As at 1 November 2023 2,375 1,993 4,368
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 99,172 45,901
Prepayments and accrued income 28,703 875
Other debtors 12,895 1,363
VAT 18,918 2,663
159,688 50,802
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 114,185 60,501
Bank loans and overdrafts 16,545 -
Other taxes and social security 1,406 9,072
Net wages 87 -
Other creditors 7,662 1,468
Other creditors (1) 32,568 27,871
Accruals and deferred income - 1,231
172,453 100,143
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 36,437 42,345
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
The above loan is unsecured, interest free and repayable on demand.
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