Company registration number SC447111 (Scotland)
MASTARCH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
MASTARCH LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
MASTARCH LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr M Jarvis
Mr D Denholm
Mr M Johnstone
Company number
SC447111
Registered office
51 St Vincent Crescent
Glasgow
Scotland
G3 8NQ
Accountants
Consilium Chartered Accountants
169 West George Street
Glasgow
Scotland
G2 2LB
MASTARCH LIMITED
BALANCE SHEET
AS AT 31 MAY 2025
31 May 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
186,877
277,050
Current assets
Stocks
578,053
702,538
Debtors
5
495,839
577,810
Cash at bank and in hand
948,967
374,509
2,022,859
1,654,857
Creditors: amounts falling due within one year
6
(489,817)
(419,369)
Net current assets
1,533,042
1,235,488
Total assets less current liabilities
1,719,919
1,512,538
Creditors: amounts falling due after more than one year
7
(63,832)
(95,094)
Provisions for liabilities
8
(46,720)
(69,263)
Net assets
1,609,367
1,348,181
Capital and reserves
Called up share capital
10
330
330
Share premium account
1,770
1,770
Profit and loss reserves
1,607,267
1,346,081
Total equity
1,609,367
1,348,181

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MASTARCH LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2025
31 May 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 21 January 2026 and are signed on its behalf by:
Mr D Denholm
Director
Company Registration No. SC447111
MASTARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
1
Accounting policies
Company information

MASTARCH Limited is a private company limited by shares incorporated in Scotland. The registered office is 51 St Vincent Crescent, Glasgow, Scotland, G3 8NQ. The company's registration number is SC447111.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of discounts and VAT.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33.33% straight line
Fixtures and fittings
33.33% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Work in progress is valued at sales value.

MASTARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

MASTARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 6 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value, and are depreciated in accordance with the above depreciation policies.

Future instalments payable under such agreements, net of finance charges, are included within creditors. Rentals payable are apportioned between the capital element, which reduces the outstanding obligation included within creditors, and the finance element, which is charged to the profit and loss accoun t on a straight line basis.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Total
34
45
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2024 and 31 May 2025
1,184,025
Amortisation and impairment
At 1 June 2024 and 31 May 2025
1,184,025
Carrying amount
At 31 May 2025
-
0
At 31 May 2024
-
0
MASTARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 7 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2024
201,357
56,344
340,435
598,136
Additions
9,761
529
-
0
10,290
Disposals
(1,119)
-
0
(12,352)
(13,471)
At 31 May 2025
209,999
56,873
328,083
594,955
Depreciation and impairment
At 1 June 2024
180,189
49,075
91,822
321,086
Depreciation charged in the year
13,973
4,469
82,021
100,463
Eliminated in respect of disposals
(1,119)
-
0
(12,352)
(13,471)
At 31 May 2025
193,043
53,544
161,491
408,078
Carrying amount
At 31 May 2025
16,956
3,329
166,592
186,877
At 31 May 2024
21,168
7,269
248,613
277,050
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
342,325
399,133
Other debtors
153,514
178,677
495,839
577,810
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
98,012
81,037
Taxation and social security
245,701
196,929
Other creditors
146,104
141,403
489,817
419,369

Included within other creditors are amounts totalling £31,262 (20 24 - £31,262) relating to hire purchase contracts which are secured over the assets to which they relate.

MASTARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 8 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
63,832
95,094

Included within other creditors are amounts totalling £63,832 (20 24 - £95,094) relating to hire purchase contracts which are secured over the assets to which they relate.

8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
9
46,720
69,263
9
Deferred taxation

The following are the major deferred tax liabilities recognised by the company and movements thereon:

2025
2024
Balances:
£
£
Accelerated capital allowances
46,720
69,263
2025
Movements in the year:
£
Liability at 1 June 2024
69,263
Credit to profit or loss
(22,543)
Liability at 31 May 2025
46,720
10
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 A Ordinary of £1
100
100
100 B Ordinary of £1
100
100
100 C Ordinary of £1
100
100
10 AZ Ordinary of £1
10
10
10 BZ Ordinary of £1
10
10
10 CZ Ordinary of £1
10
10
330
330
MASTARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 9 -
11
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
46,617
50,746
12
Related party transactions
Balances with related parties
Amounts owed by
Amounts owed to
related parties
related parties
2025
2024
2025
2024
£
£
£
£
Other related parties
113,508
139,167
88,878
70,360
Other information

No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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