REGISTERED NUMBER: 15397222 (England and Wales)

MAS European Logistics Limited

Unaudited Financial Statements for the Year Ended 31 January 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M A Sellar

SECRETARY:

Mrs C J Sellar

REGISTERED OFFICE:

1 High Street

Sheerness

Kent

ME12 1NY

REGISTERED NUMBER:

15397222 (England and Wales)

ACCOUNTANTS:

BK Plus Limited

Chartered Certified Accountants

1 High Street

Sheerness

Kent

ME12 1NY

FIXED ASSETS

Tangible assets

4

63,900

48,528

CURRENT ASSETS

Inventories

4,500

3,500

Debtors

5

37,742

21,356

Cash at bank

8,867

4,065

51,109

28,921

CREDITORS

Amounts falling due within one year

6

132,969

87,212

NET CURRENT LIABILITIES

(81,860

)

(58,291

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,960

)

(9,763

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(17,962

)

(9,765

)

(17,960

)

(9,763

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2026 and were signed by:

M A Sellar - Director

1.	STATUTORY INFORMATION

MAS European Logistics Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared adopting the going concern principle despite the balance sheet showing an excess of liabilities over assets of £17,960. The current liabilities include amounts of £91,835 owed to the director. The director has indicated that amounts due will not be repayable by the company until cash flow and profitability allow.

Income recognition

Income represents the fair value of consideration received or receivable derived from the provision of services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Inventories

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

59,692

Additions

29,650

At 31 January 2026

89,342

DEPRECIATION

At 1 February 2025

11,164

Charge for year

14,278

At 31 January 2026

25,442

NET BOOK VALUE

At 31 January 2026

63,900

At 31 January 2025

48,528

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

29,759

15,131

Other debtors

7,983

6,225

37,742

21,356

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

24,678

10,863

Taxation and social security

1,672

1,583

Other creditors

106,619

74,766

132,969

87,212

7.	LEASING AGREEMENTS

The company had total commitments under non-cancellable operating leases at the balance sheet date of £15,239 (2025: £26,832).