Company registration number: 08362177
Unaudited financial statements
for the year ended 31 January 2025
for
Mas Wholesale Limited
Pages for filing with the Registrar
Company registration number: 08362177
Mas Wholesale Limited
Balance sheet
as at 31 January 2025
31 Jan 25 31 Jan 24
Note £ £ £ £
Fixed assets
Tangible assets 4 7,044 8,804
7,044 8,804
Current assets
Stocks 1,785,000 1,676,000
Debtors 77,615 144,927
Prepayments and accrued income 9,089 6,824
Cash at bank and in hand 8,726 (14,595)
1,880,430 1,813,156
Creditors: amounts falling due within one
year
(1,021,360) (932,385)
Net current assets 859,070 880,771
Total assets less current liabilities 866,114 889,575
Creditors: Amounts falling due after more
than one year
(999,178) (1,024,922)
NET LIABILITIES (133,064) (135,347)
Capital and reserves
Called up share capital 1 1
Profit and loss account (133,065) (135,348)
TOTAL EQUITY (133,064) (135,347)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08362177
Mas Wholesale Limited
Balance sheet - continued
as at 31 January 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr M Shafi, Director
9 June 2025
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Mas Wholesale Limited
Notes to the financial statements
for the year ended 31 January 2025
1 Company information
Mas Wholesale Limited is a private company registered in England and Wales. Its registered number is 08362177. The company is limited by shares. Its registered office is 121 Dove House Lane, Solihull, England, B91 2EQ.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
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Mas Wholesale Limited
Notes to the financial statements - continued
for the year ended 31 January 2025
3 Average number of employees
During the year the average number of employees was 6 (2024 - 5).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 February 2024 45,932
At 31 January 2025 45,932
Depreciation
At 1 February 2024 37,128
Charge for year 1,760
At 31 January 2025 38,888
Net book value
At 31 January 2025 7,044
At 31 January 2024 8,804
If Plant and Machinery had not been revalued, a would have been included at the following historical cost:
31 Jan 25 31 Jan 24
£ £
Cost 45,932 45,932
Accumulated depreciation 37,128 37,128
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