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REGISTERED NUMBER: 10522801 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

S. MASON ELECTRICAL LIMITED

S. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 10522801)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S. MASON ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: S Mason





SECRETARY: R K Mason





REGISTERED OFFICE: 161 Newhall Street
Birmingham
B3 1SW





REGISTERED NUMBER: 10522801 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

S. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 10522801)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,401 42,223

CURRENT ASSETS
Debtors 5 339,909 235,359
Cash at bank 115,417 209,007
455,326 444,366
CREDITORS
Amounts falling due within one year 6 183,729 157,591
NET CURRENT ASSETS 271,597 286,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,998

328,998

CREDITORS
Amounts falling due after more than one
year

7

(109,442

)

(55,643

)

PROVISIONS FOR LIABILITIES (20,724 ) (7,311 )
NET ASSETS 269,832 266,044

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 269,732 265,944
269,832 266,044

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.

S. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 10522801)

BALANCE SHEET - 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 26 September 2024 and were signed by:





S Mason - Director


S. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 10522801)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

S. Mason Electrical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
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 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.

S. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 10522801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 64,242 252 - 2,963 67,457
Additions 53,340 194 66,499 - 120,033
Disposals (17,026 ) - - - (17,026 )
At 31 December 2023 100,556 446 66,499 2,963 170,464
DEPRECIATION
At 1 January 2023 23,819 170 - 1,245 25,234
Charge for year 22,834 57 5,542 595 29,028
Eliminated on disposal (12,199 ) - - - (12,199 )
At 31 December 2023 34,454 227 5,542 1,840 42,063
NET BOOK VALUE
At 31 December 2023 66,102 219 60,957 1,123 128,401
At 31 December 2022 40,423 82 - 1,718 42,223

S. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 10522801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 66,499
At 31 December 2023 66,499
DEPRECIATION
Charge for year 5,542
At 31 December 2023 5,542
NET BOOK VALUE
At 31 December 2023 60,957

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 242,438 137,162
Other debtors 97,471 98,197
339,909 235,359

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,240 10,048
Hire purchase contracts 22,817 12,138
Trade creditors 75,201 76,288
Taxation and social security 60,316 44,859
Other creditors 15,155 14,258
183,729 157,591

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 13,927 24,119
Hire purchase contracts 95,515 31,524
109,442 55,643

S. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 10522801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
S Mason
Balance outstanding at start of year 98,197 102,631
Amounts advanced 97,471 -
Amounts repaid (98,197 ) (4,434 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 97,471 98,197