REGISTERED NUMBER: 01740476 (England and Wales)

MASCOTT FIRE & ELECTRICAL LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Gregory

M R Gregory

S M Gregory

REGISTERED OFFICE:

11 Rosedene Gardens

Ilford

Essex

IG2 6YE

REGISTERED NUMBER:

01740476 (England and Wales)

ACCOUNTANTS:

Howard Walters

Chartered Certified Accountants

11 Rosedene Gardens

Ilford

Essex

IG2 6YE

FIXED ASSETS

Tangible assets

4

102,672

76,935

Investment property

5

499,999

499,999

602,671

576,934

CURRENT ASSETS

Stocks

19,381

43,810

Debtors

6

110,092

95,266

Cash at bank and in hand

277,265

237,149

406,738

376,225

CREDITORS

Amounts falling due within one year

7

126,724

144,760

NET CURRENT ASSETS

280,014

231,465

TOTAL ASSETS LESS CURRENT LIABILITIES

882,685

808,399

PROVISIONS FOR LIABILITIES

54,682

48,248

NET ASSETS

828,003

760,151

CAPITAL AND RESERVES

Called up share capital

71

82

Capital redemption reserve

211

200

Retained earnings

827,721

759,869

828,003

760,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2025 and were signed on its behalf by:

Mrs S Gregory - Director

1.	STATUTORY INFORMATION

Mascott Fire & Electrical Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term, except where the period to the review date on which the rent is first expected to be adjusted to the prevailing market rate is shorter than the full lease term, in which case the shorter period is used.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

237,502

Additions

83,035

Disposals

(70,235

)

At 31 March 2025

250,302

DEPRECIATION

At 1 April 2024

160,567

Charge for year

31,423

Eliminated on disposal

(44,360

)

At 31 March 2025

147,630

NET BOOK VALUE

At 31 March 2025

102,672

At 31 March 2024

76,935

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

499,999

NET BOOK VALUE

At 31 March 2025

499,999

At 31 March 2024

499,999

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

117,858

Valuation in 2018

(62,500

)

Valuation in 2021

30,700

Valuation in 2022

29,999

Cost

383,942

499,999

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

87,061

75,577

Other debtors

23,031

19,689

110,092

95,266

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,923

27,934

Taxation and social security

118,652

112,730

Other creditors

4,149

4,096

126,724

144,760

8.	RELATED PARTY DISCLOSURES

On the 13 November 2024, the company purchased 11 of its own shares at a consideration of £11,024.39 per share from Mr A Dadley, a director.

9.	ULTIMATE CONTROLLING PARTY

At the date of approval of these financial statements, the ultimate controlling party was Mrs S Gregory, director and majority shareholder.