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Registered number: 3794762
Mason's Moving Group Limited
Financial Statements
For The Year Ended 31 January 2025
Paul Costello Acccountancy Ltd.
Penycastell Farm Bryn
Port Talbot
Neath Port Talbot
SA13 2PY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 3794762
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 204,258 263,134
204,258 263,134
CURRENT ASSETS
Stocks 6 15,000 15,000
Debtors 7 972,713 915,914
Investments 8 399 399
Cash at bank and in hand 322,832 326,656
1,310,944 1,257,969
Creditors: Amounts Falling Due Within One Year 9 (214,221 ) (206,598 )
NET CURRENT ASSETS (LIABILITIES) 1,096,723 1,051,371
TOTAL ASSETS LESS CURRENT LIABILITIES 1,300,981 1,314,505
Creditors: Amounts Falling Due After More Than One Year 10 - (93,768 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 12 (35,253 ) (46,526 )
NET ASSETS 1,265,728 1,174,211
CAPITAL AND RESERVES
Called up share capital 13 40,002 40,002
Profit and Loss Account 1,225,726 1,134,209
SHAREHOLDERS' FUNDS 1,265,728 1,174,211
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For the year ending 31 January 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Brett Mason
Director
Mr Gordon Mason
Director
Mr Richard Mason
Director
22/07/2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Mason's Moving Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 3794762 . The registered office is Storage House, Priority Enterprise Park, Cardiff Road, Barry, South Glamorgan, CF63 2BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 25% Reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 5 5
Sales, marketing and distribution 20 20
25 25
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 35,400
As at 31 January 2025 35,400
Amortisation
As at 1 February 2024 35,400
As at 31 January 2025 35,400
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 160,870 1,639,584 347,677 13,259 2,161,390
As at 31 January 2025 160,870 1,639,584 347,677 13,259 2,161,390
Depreciation
As at 1 February 2024 145,644 1,463,348 278,594 10,670 1,898,256
Provided during the period 3,807 44,059 10,362 648 58,876
As at 31 January 2025 149,451 1,507,407 288,956 11,318 1,957,132
Net Book Value
As at 31 January 2025 11,419 132,177 58,721 1,941 204,258
As at 1 February 2024 15,226 176,236 69,083 2,589 263,134
6. Stocks
2025 2024
£ £
Materials 15,000 15,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 132,607 99,217
Prepayments and accrued income - 21,858
Other debtors - 120
Amounts owed by group undertakings 794,036 733,649
Amounts owed by associates 46,070 61,070
972,713 915,914
8. Current Asset Investments
2025 2024
£ £
Shares in subsidiaries 399 399
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9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,768 20,400
Trade creditors 92,590 88,107
Bank loans and overdrafts - 36,000
Corporation tax 41,957 4,033
Other taxes and social security 13,371 12,810
VAT 48,008 36,063
Other creditors - Credit Card 1,405 890
Staff Pension Control Account 622 2,045
Accruals and deferred income 6,500 6,250
214,221 206,598
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 9,768
Bank loans - 84,000
- 93,768
Loans are secured by fixed and floating charges over the company's assets.
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,768 20,400
Later than one year and not later than five years - 9,768
9,768 30,168
9,768 30,168
12. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 35,253 46,526
13. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 40,002 40,002
14. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
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15. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Masons Property Holdings Ltd . Masons Property Holdings Ltd was incorporated in Wales. . The ultimate controlling party is Masons Property Holdings Ltd who controls 100% of the shares of Mason's Moving Group Limited .
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