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REGISTERED NUMBER: 02537113 (England and Wales)






















Mason Clark Associates Limited

Unaudited Financial Statements for the Year Ended 31st October 2023






Mason Clark Associates Limited (Registered number: 02537113)






Contents of the Financial Statements
for the year ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mason Clark Associates Limited

Company Information
for the year ended 31st October 2023







DIRECTORS: I Cook
A J Thompson
G F Pegram





REGISTERED OFFICE: Church House
44 Newland Park
Hull
East Yorkshire
HU5 2DW





REGISTERED NUMBER: 02537113 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Mason Clark Associates Limited (Registered number: 02537113)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,279 74,468
Investments 5 550 550
80,829 75,018

CURRENT ASSETS
Debtors 6 2,099,869 2,417,725
Cash at bank and in hand 902,492 1,024,321
3,002,361 3,442,046
CREDITORS
Amounts falling due within one year 7 1,011,994 1,047,733
NET CURRENT ASSETS 1,990,367 2,394,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,071,196

2,469,331

PROVISIONS FOR LIABILITIES 17,988 16,243
NET ASSETS 2,053,208 2,453,088

CAPITAL AND RESERVES
Called up share capital 8 130 130
Retained earnings 2,053,078 2,452,958
SHAREHOLDERS' FUNDS 2,053,208 2,453,088

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Clark Associates Limited (Registered number: 02537113)

Balance Sheet - continued
31st October 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th February 2024 and were signed on its behalf by:





I Cook - Director


Mason Clark Associates Limited (Registered number: 02537113)

Notes to the Financial Statements
for the year ended 31st October 2023

1. STATUTORY INFORMATION

Mason Clark Associates 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc- between 10% and 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates various defined contribution plan's for the benefit of its employees. Contributions are expensed as they become payable.

Investments
Other investments are measured at cost less impairment.

Mason Clark Associates Limited (Registered number: 02537113)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate which are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Comprehensive Income in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2022 - 47 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 415,682
Additions 25,968
At 31st October 2023 441,650
DEPRECIATION
At 1st November 2022 341,214
Charge for year 20,157
At 31st October 2023 361,371
NET BOOK VALUE
At 31st October 2023 80,279
At 31st October 2022 74,468

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st November 2022
and 31st October 2023 550
NET BOOK VALUE
At 31st October 2023 550
At 31st October 2022 550

Mason Clark Associates Limited (Registered number: 02537113)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 867,219 975,493
Amounts owed by group undertakings 1,089,028 1,309,628
Other debtors 143,622 132,604
2,099,869 2,417,725

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 320,309 429,247
Amounts owed to group undertakings 9,543 144,048
Taxation and social security 499,478 357,827
Other creditors 182,664 116,611
1,011,994 1,047,733

8. CALLED UP SHARE CAPITAL

The share capital of £130 (2022: £130) is allotted, called up and fully paid.

9. OTHER FINANCIAL COMMITMENTS

Total operating lease commitments which are not included in the balance sheet amounted to £189,478 (2022: £281,005).

The company operates a defined contribution pension scheme for its employees. Included in other creditors are unpaid amounts due to the fund totalling £27,464 (2022: £12,243).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mason Clark Holdings Limited.

The ultimate controlling party is Mason Clark Group Limited.