1 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 24.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08007923 2023-04-01 2024-03-31 08007923 2024-03-31 08007923 2023-03-31 08007923 2022-04-01 2023-03-31 08007923 2023-03-31 08007923 2022-03-31 08007923 bus:Director1 2023-04-01 2024-03-31 08007923 core:PlantMachinery 2023-03-31 08007923 core:FurnitureFittingsToolsEquipment 2023-03-31 08007923 core:PlantMachinery 2024-03-31 08007923 core:FurnitureFittingsToolsEquipment 2024-03-31 08007923 core:WithinOneYear 2024-03-31 08007923 core:WithinOneYear 2023-03-31 08007923 core:PlantMachinery 2023-04-01 2024-03-31 08007923 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08007923 core:ShareCapital 2024-03-31 08007923 core:ShareCapital 2023-03-31 08007923 core:RetainedEarningsAccumulatedLosses 2024-03-31 08007923 core:RetainedEarningsAccumulatedLosses 2023-03-31 08007923 core:PlantMachinery 2023-03-31 08007923 core:FurnitureFittingsToolsEquipment 2023-03-31 08007923 bus:Director1 2023-03-31 08007923 bus:Director1 2024-03-31 08007923 bus:Director1 2022-03-31 08007923 bus:Director1 2023-03-31 08007923 bus:Director1 2022-04-01 2023-03-31 08007923 bus:SmallEntities 2023-04-01 2024-03-31 08007923 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08007923 bus:FullAccounts 2023-04-01 2024-03-31 08007923 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08007923 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Company registration number: 08007923
Mason & St John Limited
Unaudited filleted financial statements
31 March 2024
Mason & St John Limited
Contents
Statement of financial position
Notes to the financial statements
Mason & St John Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 3,365 100,668
_______ _______
3,365 100,668
Current assets
Debtors 6 301 748
Cash at bank and in hand 582,793 402,537
_______ _______
583,094 403,285
Creditors: amounts falling due
within one year 7 ( 382,988) ( 349,429)
_______ _______
Net current assets 200,106 53,856
_______ _______
Total assets less current liabilities 203,471 154,524
Provisions for liabilities ( 673) ( 8,613)
_______ _______
Net assets 202,798 145,911
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 202,698 145,811
_______ _______
Shareholders funds 202,798 145,911
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 13 November 2024 , and are signed on behalf of the board by:
Mark Rowe
Director
Company registration number: 08007923
Mason & St John Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 4 Cornhouse Buildings, Claydons Lane, Rayleigh, Essex, SS6 7UP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 April 2023 434,844 1,685 436,529
Additions 4,000 - 4,000
Disposals ( 428,806) ( 450) ( 429,256)
_______ _______ _______
At 31 March 2024 10,038 1,235 11,273
_______ _______ _______
Depreciation
At 1 April 2023 334,665 1,198 335,863
Charge for the year 1,042 204 1,246
Disposals ( 328,751) ( 450) ( 329,201)
_______ _______ _______
At 31 March 2024 6,956 952 7,908
_______ _______ _______
Carrying amount
At 31 March 2024 3,082 283 3,365
_______ _______ _______
At 31 March 2023 100,179 487 100,666
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors - ( 49)
Other debtors 301 797
_______ _______
301 748
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 79,231 78,770
Corporation tax 36,257 9,282
Social security and other taxes 21,302 735
Other creditors 246,198 260,642
_______ _______
382,988 349,429
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mark Rowe ( 182,931) 8,054 ( 174,877)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mark Rowe ( 185,663) 2,732 ( 182,931)
_______ _______ _______