M.A.S. Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10002110 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

FOR

M.A.S. DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Sicurella

Mrs C Sicurella

REGISTERED OFFICE:

Unit 3, Shelley Farm

Shelley Lane

Ower

Romsey

Hampshrie

SO51 6AS

REGISTERED NUMBER:

10002110 (England and Wales)

ACCOUNTANTS:

Buckleys

Chartered Accountants

Unit 3, Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

FIXED ASSETS

Tangible assets

4

23,027

31,511

CURRENT ASSETS

Stocks

-

12,289

Debtors

5

16,956

39,884

Cash at bank

73,574

59,999

90,530

112,172

CREDITORS

Amounts falling due within one year

6

48,425

72,805

NET CURRENT ASSETS

42,105

39,367

TOTAL ASSETS LESS CURRENT
LIABILITIES

65,132

70,878

CREDITORS

Amounts falling due after more than
one year

7

17,240

22,986

NET ASSETS

47,892

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

47,692

47,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2020 and were signed on its behalf by:

M Sicurella - Director

1.	STATUTORY INFORMATION

M.A.S. Developments 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.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 May 2019

37,132

6,563

43,695

Disposals

-

(1,519

)

(1,519

)

At 30 April 2020

37,132

5,044

42,176

DEPRECIATION

At 1 May 2019

9,283

2,901

12,184

Charge for year

6,962

1,070

8,032

Eliminated on disposal

-

(1,067

)

(1,067

)

At 30 April 2020

16,245

2,904

19,149

NET BOOK VALUE

At 30 April 2020

20,887

2,140

23,027

At 30 April 2019

27,849

3,662

31,511

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

Trade debtors

13,570

39,884

VAT

3,386

-

16,956

39,884

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

Hire purchase contracts

5,745

Trade creditors

3,331

9,659

Corporation tax

12,335

15,286

Social security and other taxes

2,947

9,296

VAT

-

12,428

Directors' current accounts

23,649

20,233

Accruals and deferred income

418

158

48,425

72,805

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.20

30.4.19

£

Hire purchase contracts

17,240

22,986

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2020 and 30 April 2019:

30.4.20

30.4.19

£

M Sicurella and Mrs C Sicurella

Balance outstanding at start of year

(20,233

)

(19,162

)

Amounts advanced

66,214

73,833

Amounts repaid

(69,630

)

(74,904

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(23,649

)

(20,233

)