REGISTERED NUMBER: 06018364 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

MASEFIELDS MARCHANT & BRABBS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S A Marchant

Mr M Brabbs

SECRETARY:

Mr S A Marchant

REGISTERED OFFICE:

166 St Judes Avenue

Studley

Warwickshire

B80 7JE

REGISTERED NUMBER:

06018364 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,428

3,594

4,428

3,594

CURRENT ASSETS

Debtors

6

61,204

84,782

Cash at bank

212,883

221,029

274,087

305,811

CREDITORS

Amounts falling due within one year

7

214,985

212,131

NET CURRENT ASSETS

59,102

93,680

TOTAL ASSETS LESS CURRENT LIABILITIES

63,530

97,274

CREDITORS

Amounts falling due after more than one year

8

1,500

4,500

NET ASSETS

62,030

92,774

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

61,030

91,774

SHAREHOLDERS' FUNDS

62,030

92,774

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th June 2025 and were signed on its behalf by:

Mr S A Marchant - Director

1.	STATUTORY INFORMATION

Masefields Marchant & Brabbs 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Long term contracts

Amounts recoverable on contracts are valued on a prudent basis as anticipated net sale value after provision for contingencies and anticipated future losses, less amounts invoiced. Progress payments in excess of the value of work done are included in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

38,638

AMORTISATION

At 1st January 2024

and 31st December 2024

38,638

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st January 2024

28,937

24,112

53,049

Additions

2,143

840

2,983

At 31st December 2024

31,080

24,952

56,032

DEPRECIATION

At 1st January 2024

26,483

22,972

49,455

Charge for year

920

1,229

2,149

At 31st December 2024

27,403

24,201

51,604

NET BOOK VALUE

At 31st December 2024

3,677

751

4,428

At 31st December 2023

2,454

1,140

3,594

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

27,038

54,881

Amounts recoverable on contract

24,042

18,657

Deferred tax asset

Accelerated capital allowances

28

377

Prepayments

10,096

10,867

61,204

84,782

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

3,000

3,000

Trade creditors

9,196

10,856

Tax

10,014

24,321

Social security and other taxes

2,182

736

VAT

22,067

18,601

Other creditors

382

324

Directors' current accounts

168,144

153,148

Accrued expenses

-

1,145

214,985

212,131

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

1,500

4,500

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

3,000

3,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,500

3,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

1,500

10.	DEFERRED TAX

£

Balance at 1st January 2024

(377

)

Charge to Statement of Income and Retained Earnings during year

349

Balance at 31st December 2024

(28

)

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

500

Ordinary A

£1

500

500

500

Ordinary B

£1

500

500

1,000

1,000

12.	ULTIMATE CONTROLLING PARTY

The company was controlled by the directors throughout the year.