2023-01-01 11577339 2023-12-31 11577339 2023-01-01 2023-12-31 11577339 2022-12-31 11577339 2022-01-01 2022-12-31 11577339 uk-core:WithinOneYear 2022-12-31 11577339 uk-core:WithinOneYear 2023-12-31 11577339 uk-core:ShareCapital 2023-12-31 11577339 uk-core:ShareCapital 2022-12-31 11577339 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 11577339 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 11577339 uk-bus:Director1 2023-01-01 2023-12-31 11577339 uk-core:ComputerEquipment 2023-01-01 2023-12-31 11577339 uk-core:FurnitureFittings 2023-01-01 2023-12-31 11577339 uk-core:ComputerEquipment 2022-12-31 11577339 uk-core:FurnitureFittings 2022-12-31 11577339 uk-core:FurnitureFittings 2023-12-31 11577339 uk-core:ComputerEquipment 2023-12-31 iso4217:GBP xbrli:pure 11577339 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11577339 uk-bus:FRS102 2023-01-01 2023-12-31 11577339 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 11577339 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Mason Thomas Law Limited
Registered Number:11577339
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Mason Thomas Law Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11577339
As at 31 December 2023
Mason Thomas Law Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
2,495
3,658
2
2,495
3,658
Current assets
Inventories
-
10,000
3
Trade and other receivables
13,239
16,044
4
700,167
Cash and cash equivalents
1,190,341
1,216,385
713,406
Trade and other payables: amounts falling due within one
year
(615,986)
(1,099,463)
5
97,420
116,922
Net current assets
Total assets less current liabilities
119,417
101,078
(566)
(695)
Provisions for liabilities
118,851
Net assets
100,383
Capital and reserves
Called up share capital
200
200
Retained earnings
118,651
100,183
118,851
100,383
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Catherine Thomas Director
These financial statements were approved and authorised for issue by the Board on 04 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Mason Thomas Law Limited
Notes to the Financial Statements
Statutory Information
Mason Thomas Law Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11577339.
Registered address:
Suite 8 Ground Floor, The Quadrant
99 Parkway Avenue
Sheffield
S9 4WG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Computer Equipment
20% Straight line
Furniture and Fittings
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 January 2023
7,209
3,173
4,036
350
350
-
Additions
At 31 December 2023
4,036
3,523
7,559
Provision for depreciation and impairment
At 01 January 2023
3,551
1,585
1,966
Charge for year
1,513
705
808
At 31 December 2023
5,064
2,290
2,774
At 31 December 2023
Net book value
1,262
1,233
2,495
At 31 December 2022
2,070
1,588
3,658
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5
For the year ended 31 December 2023
Mason Thomas Law Limited
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
10,000
-
4. Trade and other receivables
2022
2023
£
£
Trade debtors
14,894
12,089
Other debtors
1,150
1,150
13,239
16,044
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
56,553
55,990
Other creditors
1,042,910
559,996
1,099,463
615,986
6. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
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