Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30trueNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-131false 14799899 2023-04-12 14799899 2023-04-13 2024-04-30 14799899 2022-04-13 2023-04-12 14799899 2024-04-30 14799899 c:Director1 2023-04-13 2024-04-30 14799899 d:PlantMachinery 2023-04-13 2024-04-30 14799899 d:PlantMachinery 2024-04-30 14799899 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-13 2024-04-30 14799899 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14799899 d:ShareCapital 2024-04-30 14799899 d:SharePremium 2024-04-30 14799899 d:RetainedEarningsAccumulatedLosses 2024-04-30 14799899 c:OrdinaryShareClass1 2023-04-13 2024-04-30 14799899 c:OrdinaryShareClass1 2024-04-30 14799899 c:OrdinaryShareClass2 2023-04-13 2024-04-30 14799899 c:OrdinaryShareClass2 2024-04-30 14799899 c:FRS102 2023-04-13 2024-04-30 14799899 c:AuditExempt-NoAccountantsReport 2023-04-13 2024-04-30 14799899 c:FullAccounts 2023-04-13 2024-04-30 14799899 c:PrivateLimitedCompanyLtd 2023-04-13 2024-04-30 14799899 e:PoundSterling 2023-04-13 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14799899









MASON SCOTT DESIGN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
MASON SCOTT DESIGN LIMITED
REGISTERED NUMBER: 14799899

BALANCE SHEET
AS AT 30 APRIL 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
12,273

  
12,273

Current assets
  

Debtors
  
12,314

Cash at bank and in hand
  
17,103

  
29,417

Creditors: amounts falling due within one year
  
(20,502)

Net current assets
  
 
 
8,915

Total assets less current liabilities
  
21,188

  

Net assets
  
21,188


Capital and reserves
  

Called up share capital 
  
100

Share premium account
  
9,702

Profit and loss account
  
11,386

  
21,188


Page 1

 
MASON SCOTT DESIGN LIMITED
REGISTERED NUMBER: 14799899
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J C Mogilner
Director

Date: 27 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MASON SCOTT DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

Mason Scott Design Limited is a private company limited by shares and incorporated in England & Wales (registered number: 14799899). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
 
The financial statements are presented in Sterling, which is the functional currency of the company 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
MASON SCOTT DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
MASON SCOTT DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


     Period ended
       30 April
        2024
            No.






Directors
1


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
14,270



At 30 April 2024

14,270



Depreciation


Charge for the period on owned assets
1,997



At 30 April 2024

1,997



Net book value



At 30 April 2024
12,273


5.


Share capital

2024
£
Allotted, called up and fully paid


99 Ordinary Shares  of £1.00 each
99
Page 5

 
MASON SCOTT DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

5.Share capital (continued)

1 Ordinary A Shares  of £1.00
1

100




 
Page 6