Company Registration No. 10866481 (England and Wales)
Masons Right Price Carpets & Beds Limited
Unaudited accounts
for the year ended 31 July 2024
Masons Right Price Carpets & Beds Limited
Unaudited accounts
Contents
Masons Right Price Carpets & Beds Limited
Company Information
for the year ended 31 July 2024
Company Number
10866481 (England and Wales)
Registered Office
Unit 4
Victoria Road
Stoke-on-Trent
Staffordshire
ST4 2HS
England
Masons Right Price Carpets & Beds Limited
Statement of financial position
as at 31 July 2024
Tangible assets
316,835
15,294
Cash at bank and in hand
35,575
33,231
Creditors: amounts falling due within one year
(149,892)
(52,420)
Net current (liabilities)/assets
(67,659)
28,288
Total assets less current liabilities
249,176
43,582
Creditors: amounts falling due after more than one year
(228,775)
(18,157)
Provisions for liabilities
Deferred tax
(5,430)
(4,798)
Called up share capital
100
100
Profit and loss account
14,871
20,527
Shareholders' funds
14,971
20,627
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 April 2025 and were signed on its behalf by
Alan Mason
Director
Company Registration No. 10866481
Masons Right Price Carpets & Beds Limited
Notes to the Accounts
for the year ended 31 July 2024
Masons Right Price Carpets & Beds Limited is a private company, limited by shares, registered in England and Wales, registration number 10866481. The registered office is Unit 4, Victoria Road, Stoke-on-Trent, Staffordshire, ST4 2HS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
-
3,000
25,302
28,302
Additions
288,258
20,000
-
308,258
At 31 July 2024
288,258
23,000
25,302
336,560
At 1 August 2023
-
1,939
11,069
13,008
Charge for the year
-
3,159
3,558
6,717
At 31 July 2024
-
5,098
14,627
19,725
At 31 July 2024
288,258
17,902
10,675
316,835
At 31 July 2023
-
1,061
14,233
15,294
Amounts falling due within one year
Trade debtors
15,488
20,512
Masons Right Price Carpets & Beds Limited
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
82,116
6,000
Obligations under finance leases and hire purchase contracts
6,775
6,775
Trade creditors
47,765
16,536
Taxes and social security
10,102
17,685
Loans from directors
(239)
703
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
6,774
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).