Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11108788 Mr Gary Kelly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11108788 2023-05-31 11108788 2024-05-31 11108788 2023-06-01 2024-05-31 11108788 frs-core:Non-currentFinancialInstruments 2024-05-31 11108788 frs-core:MotorVehicles 2023-06-01 2024-05-31 11108788 frs-core:PlantMachinery 2023-06-01 2024-05-31 11108788 frs-core:WithinOneYear 2024-05-31 11108788 frs-core:ShareCapital 2024-05-31 11108788 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11108788 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11108788 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 11108788 frs-bus:SmallEntities 2023-06-01 2024-05-31 11108788 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11108788 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11108788 frs-bus:Director1 2023-06-01 2024-05-31 11108788 frs-countries:EnglandWales 2023-06-01 2024-05-31 11108788 2022-05-31 11108788 2023-05-31 11108788 2022-06-01 2023-05-31 11108788 frs-core:Non-currentFinancialInstruments 2023-05-31 11108788 frs-core:WithinOneYear 2023-05-31 11108788 frs-core:ShareCapital 2023-05-31 11108788 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11108788
Masonry Tech Brick & Stone Cosmetics Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11108788
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,242 18,395
21,242 18,395
CURRENT ASSETS
Debtors 114,889 84,676
Cash at bank and in hand 68,220 91,432
183,109 176,108
Creditors: Amounts Falling Due Within One Year (104,600 ) (111,293 )
NET CURRENT ASSETS (LIABILITIES) 78,509 64,815
TOTAL ASSETS LESS CURRENT LIABILITIES 99,751 83,210
Creditors: Amounts Falling Due After More Than One Year (4,710 ) (9,080 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,310 ) (4,230 )
NET ASSETS 89,731 69,900
CAPITAL AND RESERVES
Called up share capital 5 300 300
Profit and Loss Account 89,431 69,600
SHAREHOLDERS' FUNDS 89,731 69,900
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Gary Kelly
Director
10/10/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Masonry Tech Brick & Stone Cosmetics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11108788 . The registered office is Unit 715 A Street 3, Thorp Arch Estate, Wetherby, LS23 7FY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on WDV
Motor Vehicles 20% on WDV
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Total
£
Cost
As at 1 June 2023 25,490
Additions 7,317
As at 31 May 2024 32,807
Depreciation
As at 1 June 2023 7,095
Provided during the period 4,470
As at 31 May 2024 11,565
Net Book Value
As at 31 May 2024 21,242
As at 1 June 2023 18,395
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
6. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 360 -
360 -
7. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £429 (2023: £259) were due to the fund. They are included in Other Creditors.
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