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REGISTERED NUMBER: 01916098 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

MASON OWEN FINANCIAL SERVICES (WIRRAL)
LTD

MASON OWEN FINANCIAL SERVICES (WIRRAL)
LTD (REGISTERED NUMBER: 01916098)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MASON OWEN FINANCIAL SERVICES (WIRRAL)
LTD

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







Director: Mr A Gibbons





Registered office: 7th Floor 20 Chapel Street
Liverpool
L3 9AG





Registered number: 01916098 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

MASON OWEN FINANCIAL SERVICES (WIRRAL)
LTD (REGISTERED NUMBER: 01916098)

Balance Sheet
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,747 3,845

CURRENT ASSETS
Debtors 5 2,977 251,635
Cash at bank and in hand 195,272 172,219
198,249 423,854
CREDITORS
Amounts falling due within one year 6 24,428 330,062
NET CURRENT ASSETS 173,821 93,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,568

97,637

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 174,568 96,637
SHAREHOLDERS' FUNDS 175,568 97,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 November 2023 and were signed by:





Mr A Gibbons - Director


MASON OWEN FINANCIAL SERVICES (WIRRAL)
LTD (REGISTERED NUMBER: 01916098)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Mason Owen Financial Services (Wirral) Ltd 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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and does not include VAT as the firm is not registered for VAT and is net of other sales related taxes.

Turnover comprises revenue recognised by the company in relation to commission or fee in lieu of commission relating to insurance premiums finalised with insurers and confirmed by the client within the accounting period and is recognised at the point the policy is agreed with the client. Commission on returns, additional premiums and adjustment are brought into the accounts when these occur. Profit shares from insurance companies are recognised on a received basis.

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% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

MASON OWEN FINANCIAL SERVICES (WIRRAL)
LTD (REGISTERED NUMBER: 01916098)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022 10,360
Additions 579
At 30 June 2023 10,939
DEPRECIATION
At 1 July 2022 6,515
Charge for year 2,677
At 30 June 2023 9,192
NET BOOK VALUE
At 30 June 2023 1,747
At 30 June 2022 3,845

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 248,672
Other debtors 2,977 2,963
2,977 251,635

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 976 219,357
Amounts owed to group undertakings 758 5,938
Taxation and social security 20,534 75,939
Other creditors 2,160 28,828
24,428 330,062

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year - 15,000
Between one and five years - 15,000
- 30,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1,000 Ordinary £1 1,000 1,000