IRIS Accounts Production v23.1.0.753 07430849 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure074308492022-03-31074308492023-03-31074308492022-04-012023-03-31074308492021-03-31074308492021-04-012022-03-31074308492022-03-3107430849ns15:EnglandWales2022-04-012023-03-3107430849ns14:PoundSterling2022-04-012023-03-3107430849ns10:Director12022-04-012023-03-3107430849ns10:Director22022-04-012023-03-3107430849ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107430849ns10:SmallEntities2022-04-012023-03-3107430849ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3107430849ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107430849ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107430849ns10:FullAccounts2022-04-012023-03-3107430849ns10:RegisteredOffice2022-04-012023-03-3107430849ns5:CurrentFinancialInstruments2023-03-3107430849ns5:CurrentFinancialInstruments2022-03-3107430849ns5:ShareCapital2023-03-3107430849ns5:ShareCapital2022-03-3107430849ns5:RetainedEarningsAccumulatedLosses2023-03-3107430849ns5:RetainedEarningsAccumulatedLosses2022-03-3107430849ns5:FurnitureFittings2022-04-012023-03-3107430849ns5:MotorVehicles2022-04-012023-03-3107430849ns5:ComputerEquipment2022-04-012023-03-3107430849ns5:FurnitureFittings2022-03-3107430849ns5:MotorVehicles2022-03-3107430849ns5:ComputerEquipment2022-03-3107430849ns5:FurnitureFittings2023-03-3107430849ns5:MotorVehicles2023-03-3107430849ns5:ComputerEquipment2023-03-3107430849ns5:FurnitureFittings2022-03-3107430849ns5:MotorVehicles2022-03-3107430849ns5:ComputerEquipment2022-03-3107430849ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107430849ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31074308491ns10:Director12022-03-31074308491ns10:Director12021-03-31074308491ns10:Director12022-04-012023-03-31074308491ns10:Director12021-04-012022-03-31074308491ns10:Director12023-03-31074308491ns10:Director12022-03-3107430849ns10:Director222022-03-3107430849ns10:Director222021-03-3107430849ns10:Director222022-04-012023-03-3107430849ns10:Director222021-04-012022-03-3107430849ns10:Director222023-03-3107430849ns10:Director222022-03-31
REGISTERED NUMBER: 07430849 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MASON CONSTRUCTION (LONDON) LIMITED

MASON CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07430849)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASON CONSTRUCTION (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D Rich
D G Martin





REGISTERED OFFICE: 67 Newland Street
Witham
Essex
CM8 1AA





REGISTERED NUMBER: 07430849 (England and Wales)





ACCOUNTANTS: Wilson Devenish
67 Newland Street
Witham
Essex
CM8 1AA

MASON CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07430849)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,363 26,144

CURRENT ASSETS
Stocks 325,769 110,144
Debtors 5 23,465 78,507
Cash at bank 653,354 389,183
1,002,588 577,834
CREDITORS
Amounts falling due within one year 6 304,287 223,003
NET CURRENT ASSETS 698,301 354,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

719,664

380,975

PROVISIONS FOR LIABILITIES 4,059 4,967
NET ASSETS 715,605 376,008

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 715,505 375,908
SHAREHOLDERS' FUNDS 715,605 376,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

MASON CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07430849)

BALANCE SHEET - continued
31 MARCH 2023


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 1 November 2023 and were signed on its behalf by:




D G Martin - Director



D Rich - Director


MASON CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07430849)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Mason Construction (London) 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MASON CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07430849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 5,421 26,547 832 32,800
Additions - - 2,125 2,125
At 31 March 2023 5,421 26,547 2,957 34,925
DEPRECIATION
At 1 April 2022 3,706 2,765 185 6,656
Charge for year 429 5,946 531 6,906
At 31 March 2023 4,135 8,711 716 13,562
NET BOOK VALUE
At 31 March 2023 1,286 17,836 2,241 21,363
At 31 March 2022 1,715 23,782 647 26,144

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 23,465 78,507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 71,030 65,624
Taxation and social security 224,447 150,455
Other creditors 8,810 6,924
304,287 223,003

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
D G Martin
Balance outstanding at start of year 36,069 (4,386 )
Amounts advanced 8,280 40,455
Amounts repaid (36,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,349 36,069

MASON CONSTRUCTION (LONDON) LIMITED (REGISTERED NUMBER: 07430849)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

D Rich
Balance outstanding at start of year 36,069 (4,386 )
Amounts advanced 8,280 40,455
Amounts repaid (36,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,349 36,069

A commercial rate of interest is being charged on this loan.