0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 873650 2023-09-01 2024-08-31 873650 2024-08-31 873650 2023-08-31 873650 2022-09-01 2023-08-31 873650 2023-08-31 873650 2022-08-31 873650 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 873650 bus:Director1 2023-09-01 2024-08-31 873650 core:WithinOneYear 2024-08-31 873650 core:WithinOneYear 2023-08-31 873650 core:ShareCapital 2024-08-31 873650 core:ShareCapital 2023-08-31 873650 core:RetainedEarningsAccumulatedLosses 2024-08-31 873650 core:RetainedEarningsAccumulatedLosses 2023-08-31 873650 bus:SmallEntities 2023-09-01 2024-08-31 873650 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 873650 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 873650 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 873650 bus:FullAccounts 2023-09-01 2024-08-31 873650 core:PlantMachinery 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: 873650
Masons (Rentals) Limited
Filleted Unaudited Financial Statements
31 August 2024
Masons (Rentals) Limited
Financial Statements
Year Ended 31st August 2024
Contents
Page
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements
1
Statement of Financial Position
2
Notes to the Financial Statements
3
Masons (Rentals) Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Masons (Rentals) Limited
Year Ended 31st August 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31st August 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
PEYTON TYLER MEARS Chartered accountants
Middleborough House 16 Middleborough Colchester Essex CO1 1QT
12 March 2025
Masons (Rentals) Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Current Assets
Debtors
4
832
1,253
Cash at bank and in hand
907
984
-------
-------
1,739
2,237
Creditors: amounts falling due within one year
5
650
944
-------
-------
Net Current Assets
1,089
1,293
-------
-------
Total Assets Less Current Liabilities
1,089
1,293
-------
-------
Capital and Reserves
Called up share capital
825
825
Profit and loss account
264
468
-------
-------
Shareholders Funds
1,089
1,293
-------
-------
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 statement of income and retained earnings has not been delivered.
For the year ending 31st August 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 March 2025 , and are signed on behalf of the board by:
B. Mason
Director
Company registration number: 873650
Masons (Rentals) Limited
Notes to the Financial Statements
Year Ended 31st August 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 47 East Hill, Colchester, Essex, CO1 2QY.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue Recognition
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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:
Rental TV Sets
-
6 years straight line
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2024
2023
£
£
Other debtors
832
1,253
----
-------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
294
Corporation tax
148
148
Other creditors
502
502
----
----
650
944
----
----