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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
Page
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Masons Right Price Carpets & Beds Limited Company Information for the year ended 31 July 2024
Director
Alan Mason
Company Number
10866481 (England and Wales)
Registered Office
Unit 4 Victoria Road Stoke-on-Trent Staffordshire ST4 2HS England
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Masons Right Price Carpets & Beds Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
316,835 
15,294 
Current assets
Inventories
31,170 
26,965 
Debtors
15,488 
20,512 
Cash at bank and in hand
35,575 
33,231 
82,233 
80,708 
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)
Net assets
14,971 
20,627 
Capital and reserves
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
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Masons Right Price Carpets & Beds Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 July 2024
288,258 
17,902 
10,675 
316,835 
At 31 July 2023
- 
1,061 
14,233 
15,294 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,488 
20,512 
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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 
VAT
2,563 
3,911 
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 
Accruals
810 
810 
149,892 
52,420 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
228,775 
11,383 
Obligations under finance leases and hire purchase contracts
- 
6,774 
228,775 
18,157 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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