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Company Registration No. 03018302 (England and Wales)
Masons Plumbing & Heating Supplies Limited Unaudited accounts for the year ended 31 December 2024
Masons Plumbing & Heating Supplies Limited Unaudited accounts Contents
Page
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Masons Plumbing & Heating Supplies Limited Company Information for the year ended 31 December 2024
Director
Francis Norman Grimes
Company Number
03018302 (England and Wales)
Registered Office
Denmark House 143 High St Chalfont St Peter Buckinghamshire SL9 9QL United Kingdom
Accountants
A D Pottie & Co Ltd 1 Church Street Fintona Tyrone BT78 2BR
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Masons Plumbing & Heating Supplies Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,773 
10,211 
Current assets
Inventories
224,418 
279,888 
Debtors
119,584 
185,851 
Cash at bank and in hand
523,062 
870,554 
867,064 
1,336,293 
Creditors: amounts falling due within one year
(306,360)
(300,345)
Net current assets
560,704 
1,035,948 
Net assets
568,477 
1,046,159 
Capital and reserves
Called up share capital
50 
100 
Profit and loss account
568,427 
1,046,059 
Shareholders' funds
568,477 
1,046,159 
For the year ending 31 December 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 27 March 2025 and were signed on its behalf by
Francis Norman Grimes Director Company Registration No. 03018302
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Masons Plumbing & Heating Supplies Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Masons Plumbing & Heating Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 03018302. The registered office is Denmark House, 143 High St, Chalfont St Peter, Buckinghamshire, SL9 9QL, United Kingdom.
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
20% per annum reducing balance
Plant & machinery
25% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
15% per annum reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Masons Plumbing & Heating Supplies Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
10,672 
53,062 
21,250 
9,730 
94,714 
At 31 December 2024
10,672 
53,062 
21,250 
9,730 
94,714 
Depreciation
At 1 January 2024
9,150 
46,354 
19,654 
9,345 
84,503 
Charge for the year
304 
1,677 
399 
58 
2,438 
At 31 December 2024
9,454 
48,031 
20,053 
9,403 
86,941 
Net book value
At 31 December 2024
1,218 
5,031 
1,197 
327 
7,773 
At 31 December 2023
1,522 
6,708 
1,596 
385 
10,211 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
119,584 
185,851 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,658 
16,722 
Trade creditors
125,972 
188,210 
Taxes and social security
37,054 
35,010 
Other creditors
706 
25,720 
Loans from directors
121,368 
31,429 
Accruals
3,602 
3,254 
306,360 
300,345 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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