Registered number
10293138
Mason Woodbury Limited
Filleted Accounts
31 July 2024
Mason Woodbury Limited
Registered number: 10293138
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 109,411 127,397
Current assets
Stocks 63,312 43,846
Debtors 4 81,882 174,267
Cash at bank and in hand 111,003 113,477
256,197 331,590
Creditors: amounts falling due within one year 5 (208,867) (272,881)
Net current assets 47,330 58,709
Total assets less current liabilities 156,741 186,106
Provisions for liabilities (20,788) (23,545)
Net assets 135,953 162,561
Capital and reserves
Called up share capital 100 100
Profit and loss account 135,853 162,461
Shareholders' funds 135,953 162,561
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R T Gilham
Director
Approved by the board on 24 April 2025
Mason Woodbury Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Summary of significant accounting policies
Basis of preparation
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime).

The significant accounting policies in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Showroom converson over the lease term
Plant, machinery & showroom furnishings
and fittings 20 % to 25 % reducing balance basis
Motor vehicles 20 % reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Employee benefits
When employees have rendered service to the company, short term employment benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Showroom conversion Plant, machinery and Showroom furnishings and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 7,181 45,729 185,598 238,508
Additions - 8,805 - 8,805
Disposals (382) - - (382)
At 31 July 2024 6,799 54,534 185,598 246,931
Depreciation
At 1 August 2023 598 22,163 88,350 111,111
Charge for the year 1,437 5,822 19,450 26,709
On disposals (300) - - (300)
At 31 July 2024 1,735 27,985 107,800 137,520
Net book value
At 31 July 2024 5,064 26,549 77,798 109,411
At 31 July 2023 6,583 23,566 97,248 127,397
4 Debtors 2024 2023
£ £
Trade debtors 24,927 69,978
Other debtors 56,955 104,289
81,882 174,267
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 38,204 93,413
Taxation and social security costs 25,547 10,821
Other creditors 145,116 168,647
208,867 272,881
6 Share Capital Nominal 2024 2024 2023
Value Number £ £
Allotted, called up and fully paid
Ordinary shares £1 each 100 100 100
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 1,284 1,989
8 Related party transactions
During the year various amounts were loaned to the company by the director. This is repayable on demand. Interest is being charged at 6 %. At the year end the loan in creditors is £29,372 (2023- £7,388). Interest of £1,205 (2023 - £372).
9 Other information
Mason Woodbury Limited is a private company limited by shares and incorporated in England. Its registered office is:
Farlea
Billingshurst Road
Wisborough Green
West Sussex
RH14 0DZ
The principal place of business is
Telford House
Littlemead Industrial Estate
Alfold Road
Cranleigh
Surrey
GU6 8ND
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