Company Registration No. 01099352 (England and Wales)
MASSGROVE LIMITED
Unaudited accounts
for the year ended 31 March 2021
MASSGROVE LIMITED
Unaudited accounts
Contents
MASSGROVE LIMITED
Company Information
for the year ended 31 March 2021
Directors
Sandra Liran Lawee
Mariana Rusu
Company Number
01099352 (England and Wales)
Registered Office
274 WEST END LANE
LONDON
NW6 1LJ
ENGLAND
Accountants
Helrik and Louw and Palason
72 Great Suffolk Street
Great Suffolk Street
London
SE1 0BL
MASSGROVE LIMITED
Statement of financial position
as at
31 March 2021
Tangible assets
33,897
43,333
Inventories
150,000
160,000
Cash at bank and in hand
54,221
16,664
Creditors: amounts falling due within one year
(228,419)
(408,788)
Net current assets
309,718
101,157
Total assets less current liabilities
343,678
144,543
Creditors: amounts falling due after more than one year
(200,000)
-
Net assets
143,678
144,543
Called up share capital
100
100
Profit and loss account
143,578
144,443
Shareholders' funds
143,678
144,543
For the year ending 31 March 2021 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 31 March 2022 and were signed on its behalf by
Sandra Liran Lawee
Director
Company Registration No. 01099352
MASSGROVE LIMITED
Notes to the Accounts
for the year ended 31 March 2021
MASSGROVE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01099352. The registered office is 274 WEST END LANE, LONDON, NW6 1LJ, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
25% on reducing value
Fixtures & fittings
20% on reducing value
Inventories have been valued 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 a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments in shares are included at cost less accumulated impairment.
MASSGROVE LIMITED
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2020
36,433
48,449
84,882
At 31 March 2021
36,433
48,449
84,882
At 1 April 2020
21,062
20,487
41,549
Charge for the year
3,843
5,593
9,436
At 31 March 2021
24,905
26,080
50,985
At 31 March 2021
11,528
22,369
33,897
At 31 March 2020
15,371
27,962
43,333
5
Investments
Other investments
Valuation at 1 April 2020
53
Valuation at 31 March 2021
63
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
112,766
112,131
Accrued income and prepayments
4,125
4,125
Other debtors
217,025
217,025
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
23,636
69,036
Taxes and social security
25,824
30,727
Other creditors
1,597
9,107
Loans from directors
173,762
295,918
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 6 (2020: 6).