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REGISTERED NUMBER: 00648468 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

MASON & SON (CHEMISTS) LIMITED

MASON & SON (CHEMISTS) LIMITED (REGISTERED NUMBER: 00648468)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASON & SON (CHEMISTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







Directors: Mr G Mason
Mrs H J Lumb
Mrs J C Mason
Mr C Mason





Secretary: Mr G Mason





Registered office: 63 North Street
Whitwick
Leicestershire
LE67 5HB





Registered number: 00648468 (England and Wales)





Accountants: TC Group
10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP

MASON & SON (CHEMISTS) LIMITED (REGISTERED NUMBER: 00648468)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £ £
Fixed assets
Intangible assets 4 157,106 178,850
Tangible assets 5 206,160 228,486
363,266 407,336

Current assets
Stocks 6 402,970 365,598
Debtors 7 830,803 811,849
Cash at bank and in hand 369,656 310,500
1,603,429 1,487,947
Creditors
Amounts falling due within one year 8 (1,116,952 ) (1,031,058 )
Net current assets 486,477 456,889
Total assets less current liabilities 849,743 864,225

Creditors
Amounts falling due after more than one
year

9

(320,393

)

(374,382

)
Net assets 529,350 489,843

Capital and reserves
Called up share capital 11 1,600 1,600
Capital redemption reserve 12 400 400
Retained earnings 12 527,350 487,843
Shareholders' funds 529,350 489,843

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

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

MASON & SON (CHEMISTS) LIMITED (REGISTERED NUMBER: 00648468)

BALANCE SHEET - continued
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 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 6 August 2025 and were signed on its behalf by:





Mr G Mason - Director


MASON & SON (CHEMISTS) LIMITED (REGISTERED NUMBER: 00648468)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Mason & Son (Chemists) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2018, is being amortised evenly over its estimated useful life of fifteen years.

Goodwill arises on business acquisitions and represents the excess of the cost of acquisition over the company's interest in the net amount of identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 4% on cost
Long leasehold property - 5% on cost
Motor vehicles - 25% on cost
Equipment - 10% on cost

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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 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.

MASON & SON (CHEMISTS) LIMITED (REGISTERED NUMBER: 00648468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 101 (2024 - 104 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 February 2024
and 31 January 2025 370,916
Amortisation
At 1 February 2024 192,066
Amortisation for year 21,744
At 31 January 2025 213,810
Net book value
At 31 January 2025 157,106
At 31 January 2024 178,850

5. TANGIBLE FIXED ASSETS
Long
Freehold leasehold Motor
property property vehicles Equipment Totals
£ £ £ £ £
Cost
At 1 February 2024 176,701 76,681 54,180 853,243 1,160,805
Additions - - - 11,470 11,470
At 31 January 2025 176,701 76,681 54,180 864,713 1,172,275
Depreciation
At 1 February 2024 128,331 70,203 47,413 686,372 932,319
Charge for year - 787 6,767 26,242 33,796
At 31 January 2025 128,331 70,990 54,180 712,614 966,115
Net book value
At 31 January 2025 48,370 5,691 - 152,099 206,160
At 31 January 2024 48,370 6,478 6,767 166,871 228,486

Within motor vehicles is an asset under a hire purchase agreement. The net book value as at the year-end was £Nil (2024: £6,767). Depreciation has been charged of £6,768 (2024: £6,768).

MASON & SON (CHEMISTS) LIMITED (REGISTERED NUMBER: 00648468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. STOCKS
2025 2024
£ £
Stocks 402,970 365,598

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 693,350 678,439
VAT 88,395 90,661
Prepayments 49,058 42,749
830,803 811,849

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 51,100 51,100
Hire purchase contracts (see note 10) 13,753 1,957
Trade creditors 965,878 886,690
Social security and other taxes 17,689 20,083
Other creditors 25 -
Accrued expenses 68,507 71,228
1,116,952 1,031,058

Hire purchase contracts are secured against the assets to which they relate.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£ £
Bank loans - 2-5 years 204,400 204,400
Bank loans - over 5 years 115,993 156,156
Hire purchase contracts (see note 10) - 13,826
320,393 374,382

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 115,993 156,156

The above loan is secured by a fixed charge and a floating charge on the property of the company.
Hire purchase contracts are secured against the assets in which they relate.

MASON & SON (CHEMISTS) LIMITED (REGISTERED NUMBER: 00648468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£ £
Net obligations repayable:
Within one year 13,753 1,957
Between one and five years - 13,826
13,753 15,783

Non-cancellable
operating leases
2025 2024
£ £
Within one year 70,674 88,402
Between one and five years 210,696 273,476
In more than five years 181,522 548,096
462,892 909,974

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
1,600 Ordinary £1 1,600 1,600

12. RESERVES
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 February 2024 487,843 400 488,243
Profit for the year 47,923 47,923
Dividends (8,416 ) (8,416 )
At 31 January 2025 527,350 400 527,750

13. RELATED PARTY TRANSACTIONS

The directors own the premises from which the Coalville shop operates. During the year, a rental charge of
£20,400 (2024 - £20,400) has been incurred by the company.