Master Muck Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13175939

Master Muck Ltd

Filleted Unaudited Financial Statements

28 February 2025

Master Muck Ltd

Financial Statements

Year ended 28 February 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Master Muck Ltd

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,009,367		868,722

Current assets

Stocks		316,938	157,475
Debtors	6	929,663	473,351
Cash at bank and in hand		212,141	76,380
		------------	----------
		1,458,742	707,206

Creditors: amounts falling due within one year	7	1,761,079		1,115,262
		------------		------------
Net current liabilities			302,337		408,056
			------------		----------
Total assets less current liabilities			707,030		460,666

Creditors: amounts falling due after more than one year	8	70,163	–
		----------	----------
Net assets		636,867	460,666
		----------	----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	636,767	460,566
	----------	----------
Shareholder funds	636,867	460,666
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Master Muck Ltd

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 12 November 2025 , and are signed on behalf of the board by:

Mrs L Sweeney
Director

Company registration number: 13175939

Master Muck Ltd

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Printing House, 66 Lower Road, Harrow, HA2 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 March 2024	639,983	745,319	3,982	1,389,284
Additions	119,575	505,563	–	625,138
Disposals	( 116,450)	( 146,600)	–	( 263,050)
	----------	------------	-------	------------
At 28 February 2025	643,108	1,104,282	3,982	1,751,372
	----------	------------	-------	------------
Depreciation
At 1 March 2024	243,494	276,024	1,044	520,562
Charge for the year	110,889	179,356	393	290,638
Disposals	( 37,642)	( 31,553)	–	( 69,195)
	----------	------------	-------	------------
At 28 February 2025	316,741	423,827	1,437	742,005
	----------	------------	-------	------------
Carrying amount
At 28 February 2025	326,367	680,455	2,545	1,009,367
	----------	------------	-------	------------
At 29 February 2024	396,489	469,295	2,938	868,722
	----------	------------	-------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	847,651	437,102
Prepayments and accrued income	62,012	36,249
Other debtors	20,000	–
	----------	----------
	929,663	473,351
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,572,582	755,432
Accruals and deferred income	2,500	2,500
Social security and other taxes	70,486	97,315
Obligations under finance leases and hire purchase contracts	110,826	–
Director loan accounts	4,685	4,926
Other creditors	–	255,089
	------------	------------
	1,761,079	1,115,262
	------------	------------

The hire purchase agreements are secured on the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	70,163	–
	--------	----

The hire purchase agreements are secured on the assets to which they relate.