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REGISTERED NUMBER: 03214400 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

G.P. MASON ELECTRICAL LIMITED

G.P. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 03214400)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.P. MASON ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: D J Mason





REGISTERED OFFICE: 6-8 Durham Road
Southend-on-Sea
Essex
SS2 4LU





REGISTERED NUMBER: 03214400 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

G.P. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 03214400)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,463 17,981

CURRENT ASSETS
Stocks 1,500 10,000
Debtors 5 83,174 68,815
Cash at bank and in hand 210,812 217,552
295,486 296,367
CREDITORS
Amounts falling due within one year 6 91,304 125,516
NET CURRENT ASSETS 204,182 170,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,645

188,832

PROVISIONS FOR LIABILITIES 3,054 4,115
NET ASSETS 214,591 184,717

CAPITAL AND RESERVES
Called up share capital 7 400 400
Retained earnings 214,191 184,317
SHAREHOLDERS' FUNDS 214,591 184,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

G.P. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 03214400)

BALANCE SHEET - continued
31 AUGUST 2024


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 November 2024 and were signed by:





D J Mason - Director


G.P. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 03214400)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

G.P. 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

G.P. MASON ELECTRICAL LIMITED (REGISTERED NUMBER: 03214400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 26,183 6,991 131,475 7,854 172,503
Additions 119 - - 457 576
Disposals (17,747 ) (6,991 ) (11,850 ) (5,480 ) (42,068 )
At 31 August 2024 8,555 - 119,625 2,831 131,011
DEPRECIATION
At 1 September 2023 24,846 6,960 116,217 6,499 154,522
Charge for year 321 - 3,792 374 4,487
Eliminated on disposal (17,577 ) (6,960 ) (11,761 ) (5,163 ) (41,461 )
At 31 August 2024 7,590 - 108,248 1,710 117,548
NET BOOK VALUE
At 31 August 2024 965 - 11,377 1,121 13,463
At 31 August 2023 1,337 31 15,258 1,355 17,981

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 69,496 63,999
Other debtors 13,678 4,816
83,174 68,815

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 3,120 24,102
Taxation and social security 53,925 67,146
Other creditors 34,259 34,268
91,304 125,516

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
300 Ordinary £1 300 300
100 Ordinary B £1 100 100
400 400