Mason Brothers Limited
Mason Brothers Limited
Registered number: 00546737
Financial Statements
For The Year Ended
30 September 2023
Mason Brothers Limited
Financial Statements
For The Year Ended
30 September 2023
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
Mason Brothers Limited
Balance Sheet
As At
30 September 2023
Balance Sheet
Registered number:
00546737
For the year ending 30 September 2023 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.
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investment Properties | 5 |
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| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | 119,508 | 140,726 | |||
Page 1
Page 2
Mason Brothers Limited
Balance Sheet (continued)
As At
30 September 2023
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Mason Brothers Limited
Notes to the Financial Statements
For The Year Ended
30 September 2023
Notes to the Financial Statements
1.
General Information
Mason Brothers Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
00546737
. The registered office is C/o Keith Willis Associates Ltd, Gothic House, Barker Gate, Nottingham, Nottinghamshire, NG1 1JU.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
| Fixtures & Fittings |
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| Computer Equipment |
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2.4.
Investment Properties
All investment properties are carried at historical cost
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
4.
Tangible Assets
| Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at
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| Disposals |
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| Depreciation | |||
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| Disposals |
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| Net Book Value | |||
| As at
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Page 3
Page 4
Mason Brothers Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 September 2023
5.
Investment Property
| 2023 | |
|---|---|
| £ | |
| Fair Value | |
| As at
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6.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Other creditors | 146,217 | 144,967 | |
| Taxation and social security |
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7.
Share Capital
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Allotted, Called up and fully paid |
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Page 4