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Company Registration No. 11387988 (England and Wales)
Mast Research Ltd Unaudited accounts for the year ended 31 May 2025
Mast Research Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Mast Research Ltd Company Information for the year ended 31 May 2025
Directors
Marko Starcevic Jana Starcevic
Company Number
11387988 (England and Wales)
Registered Office
Unit 11 Copeland Park 133 Copeland Road London SE15 3SN England
Accountants
Xoba Limited 26 Landsmoor Drive Longton Preston Lancashire PR4 5PE
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Mast Research Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
750
1,774
Investments
5
29
29
779
1,803
Current assets
Debtors
6
47,954
47,472
Cash at bank and in hand
212,754
171,587
260,708
219,059
Creditors: amounts falling due within one year
7
(799)
(2,313)
Net current assets
259,909
216,746
Net assets
260,688
218,549
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
259,688
217,549
Shareholders' funds
260,688
218,549
For the year ending 31 May 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 26 March 2026 and were signed on its behalf by
Marko Starcevic Director Company Registration No. 11387988
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Mast Research Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Mast Research Ltd is a private company, limited by shares, registered in England and Wales, registration number 11387988. The registered office is Unit 11 Copeland Park, 133 Copeland Road, London, SE15 3SN, England.
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
These financial statements for the year ended 31 May 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 year straight line
Motor vehicles
5 year straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Mast Research Ltd Notes to the Accounts for the year ended 31 May 2025
Pension costs
Contributions to defined contribution plans are expensed in the period to which they relate.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
2,181
3,750
5,931
At 31 May 2025
2,181
3,750
5,931
Depreciation
At 1 June 2024
1,907
2,250
4,157
Charge for the year
274
750
1,024
At 31 May 2025
2,181
3,000
5,181
Net book value
At 31 May 2025
-
750
750
At 31 May 2024
274
1,500
1,774
5
Investments
Subsidiary undertakings
£
Valuation at 1 June 2024
29
Valuation at 31 May 2025
29
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
7,472
7,472
Other debtors
40,482
40,000
47,954
47,472
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
(472)
Taxes and social security
99
596
Other creditors
700
1,847
Loans from directors
-
342
799
2,313
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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