Registered Number:NI047585 |
For the year ended 30 September 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 30 September 2024
Mason Saw Services Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Mason Saw Services Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
134,290
142,592
2
134,290
142,592
5,680
5,964
3
Trade and other receivables |
125,682
127,730
4
502,712
Cash and cash equivalents |
432,306
566,000
634,074
Trade and other payables: amounts falling due within one |
year |
(102,439)
(85,478)
5
531,635
480,522
Net current assets
Total assets less current liabilities |
614,812
674,227
(14,209)
(17,446)
Provisions for liabilities |
600,603
Net assets
656,781
1,003
1,003
599,600
655,778
600,603
656,781
Shareholders' funds
For the year ended 30 September 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 03 March 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 September 2024
Mason Saw Services Ltd
Notes to the Financial Statements
Statutory Information
Mason Saw Services Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
number NI047585. |
27 Kilmore Road
Richhill
Armagh
BT61 8QX
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 30 September 2024
Mason Saw Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
608,367
19,028
49,779
484,032
55,528
10,270
1,575
-
8,695
-
492,727
49,779
20,603
618,637
55,528
Provision for depreciation and impairment |
465,775
15,530
36,662
413,583
-
Charge for year
18,572
1,269
2,623
14,680
-
484,347
16,799
39,285
428,263
-
55,528
64,464
10,494
3,804
134,290
55,528
70,449
13,117
3,498
142,592
2023
2024
5,964
5,680
4. Trade and other receivables |
2023
2024
127,730
125,682
5. Trade and other payables: amounts falling due within one year |
2023
2024
59,569
56,200
Taxation and social security |
16,222
30,689
9,687
15,550
85,478
102,439
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For the year ended 30 September 2024
Mason Saw Services Ltd
Notes to the Financial Statements Continued
6. Directors advances and guarantees |
Mr Albert Mason
Directors current account
-
15,005
-
15,005
7. Average number of persons employed |
During the year the average number of employees was 10 (2023 : 10)
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