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Registered number: 12398760
Mastercraft Bodyworks Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12398760
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,235 11,720
10,235 11,720
CURRENT ASSETS
Debtors 5 56,276 45,337
Cash at bank and in hand 1,020 2,948
57,296 48,285
Creditors: Amounts Falling Due Within One Year 6 (94,766 ) (72,013 )
NET CURRENT ASSETS (LIABILITIES) (37,470 ) (23,728 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,235 ) (12,008 )
Creditors: Amounts Falling Due After More Than One Year 7 (5,000 ) (5,135 )
NET LIABILITIES (32,235 ) (17,143 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (32,236 ) (17,144 )
SHAREHOLDERS' FUNDS (32,235) (17,143)
Page 1
Page 2
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T Kuwaki
Director
20th October 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mastercraft Bodyworks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12398760 . The registered office is Unit 8 Enstone Airfield North, Banbury Road, Chipping Norton, Oxfordshire, OX7 4NS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 3
Fixtures & Fittings 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2025 18,107 2,281 20,388
Additions 5,946 720 6,666
As at 31 January 2026 24,053 3,001 27,054
Depreciation
As at 1 February 2025 8,559 109 8,668
Provided during the period 7,212 939 8,151
As at 31 January 2026 15,771 1,048 16,819
Net Book Value
As at 31 January 2026 8,282 1,953 10,235
As at 1 February 2025 9,548 2,172 11,720
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Page 4
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 54,688 43,671
Other debtors 1,588 1,666
56,276 45,337
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 74,431 65,264
Bank loans and overdrafts 7,115 -
Other creditors 12,980 5,356
Taxation and social security 240 1,393
94,766 72,013
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 5,000 5,000
Other creditors - 135
5,000 5,135
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
Page 4