REGISTERED NUMBER: 08640054 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MASTER OF TRADES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G J Nevill

Mrs C M Nevill

REGISTERED OFFICE:

The Old Court House

26A Church Street

Bishops Stortford

Hertfordshire

CM23 2LY

REGISTERED NUMBER:

08640054 (England and Wales)

ACCOUNTANTS:

Paul Dawson & Co Limited

The Old Courthouse

26A Church Street

Bishops Stortford

Hertfordshire

CM23 2LY

FIXED ASSETS

Tangible assets

4

15,797

21,063

CURRENT ASSETS

Stocks

5

82,825

59,250

Debtors

6

8,803

29,239

Cash at bank

4,538

768

96,166

89,257

CREDITORS

Amounts falling due within one year

7

72,059

57,053

NET CURRENT ASSETS

24,107

32,204

TOTAL ASSETS LESS CURRENT LIABILITIES

39,904

53,267

CREDITORS

Amounts falling due after more than one year

8

35,453

48,848

NET ASSETS

4,451

4,419

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,351

4,319

4,451

4,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

G J Nevill - Director

Mrs C M Nevill - Director

1.	STATUTORY INFORMATION

Master Of Trades Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

10,450

26,995

1,396

38,841

DEPRECIATION

At 1 March 2024

9,796

6,749

1,233

17,778

Charge for year

164

5,061

41

5,266

At 28 February 2025

9,960

11,810

1,274

23,044

NET BOOK VALUE

At 28 February 2025

490

15,185

122

15,797

At 29 February 2024

654

20,246

163

21,063

5.

STOCKS

2025

2024

£

£

Stocks and work in progress

82,825

59,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

21,313

Tax

3,394

2,831

VAT

2,032

-

Prepayments

3,377

5,095

8,803

29,239

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,112

6,731

Hire purchase contracts

7,680

7,680

Trade creditors

1,926

-

Taxation and social security

-

7,070

Other creditors

56,341

35,572

72,059

57,053

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

26,493

32,208

Hire purchase contracts

8,960

16,640

35,453

48,848

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,038

8,052