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Company Registration No. 05698770 (England and Wales)
Part Master Direct Limited Unaudited accounts for the year ended 28 February 2025
Part Master Direct Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Part Master Direct Limited Company Information for the year ended 28 February 2025
Directors
Lotifa Khanam Ashraful Islam
Company Number
05698770 (England and Wales)
Registered Office
Unit 4 Kubrick Business Estate Station Approach London E7 0UH
Accountants
Anthony Daniel Associates Ltd 10 Julian Place London E14 3AT
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Part Master Direct Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,032
3,675
Investments
5
150,760
-
153,792
3,675
Current assets
Inventories
209,658
184,138
Debtors
6
214,441
248,226
Cash at bank and in hand
62,586
83,607
486,685
515,971
Creditors: amounts falling due within one year
7
(380,351)
(267,878)
Net current assets
106,334
248,093
Total assets less current liabilities
260,126
251,768
Creditors: amounts falling due after more than one year
8
(9,659)
(19,659)
Net assets
250,467
232,109
Capital and reserves
Called up share capital
9
2
2
Profit and loss account
250,465
232,107
Shareholders' funds
250,467
232,109
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 13 February 2026 and were signed on its behalf by
Ashraful Islam Director Company Registration No. 05698770
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Part Master Direct Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Part Master Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 05698770. The registered office is Unit 4 Kubrick Business Estate, Station Approach, London, E7 0UH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on cost
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on cost
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Part Master Direct Limited Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
7,144
43,646
11,110
3,654
65,554
Additions
679
-
-
-
679
At 28 February 2025
7,823
43,646
11,110
3,654
66,233
Depreciation
At 1 March 2024
3,470
43,645
11,110
3,654
61,879
Charge for the year
1,322
-
-
-
1,322
At 28 February 2025
4,792
43,645
11,110
3,654
63,201
Net book value
At 28 February 2025
3,031
1
-
-
3,032
At 29 February 2024
3,674
1
-
-
3,675
5
Investments
Subsidiary undertakings
£
Valuation at 1 March 2024
-
Additions
150,760
Valuation at 28 February 2025
150,760
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,310
-
Amounts due from group undertakings etc.
22,690
-
Accrued income and prepayments
10,491
8,276
Other debtors
179,950
239,950
214,441
248,226
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
252,153
174,749
Taxes and social security
82,500
78,112
Other creditors
4,014
-
Loans from directors
24,293
(2,334)
Accruals
7,391
7,351
380,351
267,878
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
9,659
19,659
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Part Master Direct Limited Notes to the Accounts for the year ended 28 February 2025
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 15 (2024: 13).
- 7 -