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REGISTERED NUMBER: 12379947 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Mason Heating Ltd

Mason Heating Ltd (Registered number: 12379947)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Mason Heating Ltd (Registered number: 12379947)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,727 5,932

CURRENT ASSETS
Debtors 5 3,494 5,214
Cash at bank 16,796 11,316
20,290 16,530
CREDITORS
Amounts falling due within one year 6 3,474 3,175
NET CURRENT ASSETS 16,816 13,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,543

19,287

PROVISIONS FOR LIABILITIES 1,084 933
NET ASSETS 21,459 18,354

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 21,458 18,353
21,459 18,354

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

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 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 Heating Ltd (Registered number: 12379947)

Statement of Financial Position - continued
31 December 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 director and authorised for issue on 16 September 2024 and were signed by:





Mr R Mason - Director


Mason Heating Ltd (Registered number: 12379947)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mason Heating Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12379947

Registered office: Arrow Mill
Queensway
Rochdale
Lancashire
OL11 2YW

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.
Plant and machinery - 20% on cost
Motor vehicles - 33.33% on reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.


Mason Heating Ltd (Registered number: 12379947)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 2,656 14,400 1,475 18,531
Additions 474 - 2,317 2,791
Disposals - - (200 ) (200 )
At 31 December 2023 3,130 14,400 3,592 21,122
DEPRECIATION
At 1 January 2023 1,360 10,133 1,106 12,599
Charge for year 626 1,422 898 2,946
Eliminated on disposal - - (150 ) (150 )
At 31 December 2023 1,986 11,555 1,854 15,395
NET BOOK VALUE
At 31 December 2023 1,144 2,845 1,738 5,727
At 31 December 2022 1,296 4,267 369 5,932

Mason Heating Ltd (Registered number: 12379947)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 3,236 4,970
Prepayments and accrued income 258 244
3,494 5,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 118
Tax 1,574 2,169
Social security and other taxes 691 -
Other creditors 1,000 -
Directors' current accounts 173 858
Accruals and deferred income 36 30
3,474 3,175