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REGISTERED NUMBER: 02646304 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Masonry Design Limited

Masonry Design Limited (Registered number: 02646304)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Masonry Design Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M R Halliwell
G V Taylor





SECRETARY: G V Taylor





REGISTERED OFFICE: 21 Trident Business Park
Whitebirk Drive
Blackburn
Lancashire
BB1 3NU





REGISTERED NUMBER: 02646304 (England and Wales)





ACCOUNTANTS: Xeinadin
Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Masonry Design Limited (Registered number: 02646304)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 18,413 21,662

CURRENT ASSETS
Debtors 5 232,631 162,991
Cash at bank 27,799 20,530
260,430 183,521
CREDITORS
Amounts falling due within one year 6 223,593 179,550
NET CURRENT ASSETS 36,837 3,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,250

25,633

CREDITORS
Amounts falling due after more than
one year

7

(5,000

)

(8,989

)

PROVISIONS FOR LIABILITIES 8 (4,603 ) (5,268 )
NET ASSETS 45,647 11,376

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 45,547 11,276
SHAREHOLDERS' FUNDS 45,647 11,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Masonry Design Limited (Registered number: 02646304)

Balance Sheet - continued
31 August 2024


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 30 April 2025 and were signed on its behalf by:





M R Halliwell - Director


Masonry Design Limited (Registered number: 02646304)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Masonry Design Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Masonry Design Limited (Registered number: 02646304)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 122,593
DEPRECIATION
At 1 September 2023 100,931
Charge for year 3,249
At 31 August 2024 104,180
NET BOOK VALUE
At 31 August 2024 18,413
At 31 August 2023 21,662

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 173,257 128,450
Other debtors 450 330
Directors' current accounts 57,674 34,211
Prepayments 1,250 -
232,631 162,991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 7,748
Trade creditors 10,647 9,644
Tax 105,850 76,396
Social security and other taxes 5,937 28,217
VAT 60,388 19,170
Other creditors 1,100 920
Directors' current accounts 14,616 19,355
Accruals and deferred income 20,055 18,100
223,593 179,550

Masonry Design Limited (Registered number: 02646304)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years - 3,989
5,000 8,989

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,603 5,268

Deferred
tax
£   
Balance at 1 September 2023 5,268
Provided during year (665 )
Balance at 31 August 2024 4,603

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
M R Halliwell
Balance outstanding at start of year 19,355 (10,683 )
Amounts advanced 12,094 30,038
Amounts repaid (16,833 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,616 19,355

Masonry Design Limited (Registered number: 02646304)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

G V Taylor
Balance outstanding at start of year (34,211 ) (47,457 )
Amounts advanced 12,094 13,246
Amounts repaid (35,557 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (57,674 ) (34,211 )