2022-02-01 2023-01-31 08852233 M A Mason Electrical Services Limited false 08852233 2022-02-01 2023-01-31 08852233 uk-bus:Director1 2022-02-01 2023-01-31 08852233 uk-bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 08852233 uk-bus:SmallEntities 2022-02-01 2023-01-31 08852233 uk-bus:FullAccounts 2022-02-01 2023-01-31 08852233 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08852233 2022-02-01 08852233 2023-01-31 08852233 2022-01-31 xbrli:pure iso4217:GBP 08852233 2021-02-01 2022-01-31
Company Registration Number : 08852233 (England and Wales)
08852233
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-01-31
false
M A Mason Electrical Services Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-02-01
M A Mason Electrical Services Limited
Unaudited filleted financial statements
For the year ended 31 January 2023
M A Mason Electrical Services Limited
Contents
For the year ended 31 January 2023

CONTENTS PAGE
Company Information 3
Accountant's Report 4
Statement of Financial Position 5
Notes to the Financial Statements 6 - 8


M A Mason Electrical Services Limited
Company Information
For the year ended 31 January 2023

Company registration number 08852233 (England and Wales)
Directors Michael Mason
Katie Mason
Registered office address Unit 8 Dane John Works
Gordon Road
Canterbury,
Kent
CT1 3PP
UK
Accountant MBM Balance Ltd
Chartered Accountants
Unit 7 Dane John Works, Gordon Road
Canterbury, Kent
CT1 3PP
M A Mason Electrical Services Limited
Accountant's report
For the year ended 31 January 2023

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory accounts of M A Mason Electrical Services Limited for the year ended 31 January 2023.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M A Mason Electrical Services Limited for the year ended 31 January 2023 which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of M A Mason Electrical Services Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of M A Mason Electrical Services Limited and state those matters that we have agreed to state to the Board of Directors of M A Mason Electrical Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M A Mason Electrical Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M A Mason Electrical Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M A Mason Electrical Services Limited. You consider that M A Mason Electrical Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M A Mason Electrical Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MBM Balance Ltd
Chartered Accountants
Unit 7 Dane John Works, Gordon Road
Canterbury, Kent

CT1 3PP
2023-10-31 Date: 31 October 2023

4
M A Mason Electrical Services Limited
Statement of Financial Position
For the year ended 31 January 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 24,031 23,529
24,031 23,529
Current assets
Debtors 7 362,940 303,523
Debtors: Amounts falling due after more than one year 7 164 -
Cash and cash equivalents 455,226 216,488
818,331 520,011
Current liabilities
Creditors: Amounts falling due within one year 8 (267,213) (116,559)
Corporation tax payable (100,953) (46,236)
(368,166) (162,795)
Net current assets/(liabilities) 450,164 357,217
Total assets less current liabilities 474,196 380,746
Non-current liabilities
Creditors: Amounts falling due after more than one year 9 (30,745) (49,999)
Provision for liabilities 10 (3,959) (3,959)
Net assets/(liabilities) 439,491 326,788
Capital and reserves
Called up share capital 11 101 101
Retained earnings 439,390 326,687
Shareholder's funds 439,491 326,788
For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 January 2023 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 31 October 2023
.............................
Michael Mason (Director)
Company registration number: 08852233
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-01-31 31 January 2023
2023 2022
£ £
Fixed Assets 24,031 23,529
Current Assets 791,601 442,866
Prepayments and accrued income 53,201 77,145
Creditors: amounts falling due within one year (394,802) (162,795)
Net current assets (liabilities) 450,000 357,217
Total assets less current liabilities 474,031 380,746
CREDITORS: Amounts falling due more than one year (30,745) (49,999)
Provisions for liabilities (3,959) (3,959)
Net Assets (liabilities) 439,491 326,788
Capital and Reserves 439,491 326,788
For the year ending 1/31/2023 the company was entitled to exemption 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. For the year ending 31-01-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 31 October 2023 2023-10-31 and signed on behalf of the board,
.............................
Michael Mason
Director
Company registration number: 08852233
M A Mason Electrical Services Limited
Notes to the Financial Statements
For the year ended 31 January 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 8 Dane John Works, Gordon Road, Canterbury, , Kent, CT1 3PP.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery20% straight line
Short Leasehold Properties20% straight line
Investment Properties
Long Leasehold Properties
Commercial Vehicles25% reducing balance
Fixtures and Fittings
Equipment
Motor Cars
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of come and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 16 (2022 : 15).

(6) Tangible fixed assets
Leasehold PropertiesPlant and MachineryMotor VehiclesTotals
££££
Cost
As at 01 February 202221,89436,33542,195100,424
Additions-2,6577,47110,128
As at 31 January 202321,89438,99249,666110,552
Depreciation
As at 01 February 202221,07627,02128,79776,894
For the year8183,5905,2179,625
As at 31 January 202321,89430,61134,01486,519
Net book value
As at 31 January 2023-8,38115,65124,033
As at 31 January 20228189,31413,39823,530

(7) Debtors
Amounts falling due within one year
2023 2022
£ £
Trade debtors 266,436 218,721
Other debtors 43,304 7,657
Prepayments and accrued income 53,201 77,145
362,940 303,523

(8) Creditors: Amounts falling due within one year
2023 2022
£ £
Trade creditors 74,493 8,737
Bank loans and overdrafts 9,747 -
Other taxes and social security 81,134 30,547
Other creditors 12,081 11,156
Accruals and deferred income 89,758 66,119
267,213 116,559

(9) Creditors: Amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 30,745 49,999
30,745 49,999

(10) Provision for liabilities
2023 2022
£ £
Deferred taxation 3,795 3,959
3,795 3,959

(11) Share capital and reserves
Alloted,called up and fully paid: 2023 2022
£ £
100 (2022 : 100) Ordinary A of £ 1 each100100
1 (2022 : 1) Ordinary B of £ 1 each11
101 101
A ordinary shares hold equal voting rights. B investment shares do not carry any voting rights.
Retained earnings 2023
£
At 1 February 2022 326,687
Profit of the year 332,703
Dividends paid (220,000)
At 31 January 2023 439,390

(12) Related party transactions
Mason Estates (South East) Limited is a related party by the virtue of having same directors and shareholders. The balance outstanding from this related party is included in Other Debtors and was £4,794 as on 31/01/2023 (2022: £0). The loan is interest free and repayable on demand.

(13) Directors advances, credit and guarantees
At the year end, the company owed £4,539 to the director and shareholder, Mr M Mason. This balance is included in Other creditors.