Company Registration No. 08602042 (England and Wales)
Mason's Auto Repairs Ltd
Unaudited accounts
for the period from 31 July 2022 to 29 July 2023
Mason's Auto Repairs Ltd
Unaudited accounts
Contents
Mason's Auto Repairs Ltd
Company Information
for the period from 31 July 2022 to 29 July 2023
Directors
Laila Mason
Halema Salter
Craig Francombe
Company Number
08602042 (England and Wales)
Registered Office
UNIT 2-3
LEWIS ROAD
CARDIFF
CF24 5EB
United Kingdom
Accountants
Insight Accountancy
Unit 16, Lamby Way Workshops
Lamby Way
Cardiff
CF3 2EQ
Mason's Auto Repairs Ltd
Statement of financial position
as at 29 July 2023
Tangible assets
2,886
3,849
Cash at bank and in hand
(45,403)
(26,005)
Creditors: amounts falling due within one year
36,694
17,190
Net current assets/(liabilities)
2,895
(3,091)
Called up share capital
100
100
Profit and loss account
5,681
658
Shareholders' funds
5,781
758
For the period ending 29 July 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 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 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.
The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by
Craig Francombe
Director
Company Registration No. 08602042
Mason's Auto Repairs Ltd
Notes to the Accounts
for the period from 31 July 2022 to 29 July 2023
Mason's Auto Repairs Ltd is a private company, limited by shares, registered in England and Wales, registration number 08602042. The registered office is UNIT 2-3, LEWIS ROAD, CARDIFF, CF24 5EB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance Method
Motor vehicles
25% Reducing balance Method
Computer equipment
25% Reducing balance Method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 31 July 2022
21,009
24,692
2,044
47,745
At 29 July 2023
21,009
24,692
2,044
47,745
At 31 July 2022
19,327
22,797
1,772
43,896
Charge for the period
421
474
68
963
At 29 July 2023
19,748
23,271
1,840
44,859
At 29 July 2023
1,261
1,421
204
2,886
At 30 July 2022
1,682
1,895
272
3,849
Amounts falling due within one year
Trade debtors
11,604
5,724
Mason's Auto Repairs Ltd
Notes to the Accounts
for the period from 31 July 2022 to 29 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
19,804
7,765
Taxes and social security
(8,310)
(1,953)
Other creditors
20,331
2,410
Loans from directors
(82,482)
(30,311)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Laila Mason
(30,311)
(75,816)
(23,645)
(82,482)
(30,311)
(75,816)
(23,645)
(82,482)
8
Average number of employees
During the period the average number of employees was 5 (2022: 5).