REGISTERED NUMBER: 06524233 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MASSAMS SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

SL Massam

SECRETARY:

J Massam

REGISTERED OFFICE:

Renacres Hall Farm

Renacres Lane

Halsall

Near Ormskirk

Lancashire

L39 8SE

REGISTERED NUMBER:

06524233 (England and Wales)

ACCOUNTANTS:

Keenan Chartered Accountants

The Old Surgery

43 Derbe Road

Lytham St Annes

Lancashire

FY8 1NJ

FIXED ASSETS

Tangible assets

4

571,868

410,662

CURRENT ASSETS

Stocks

359,165

403,869

Debtors

5

1,179,456

822,575

Cash at bank and in hand

948,163

934,608

2,486,784

2,161,052

CREDITORS

Amounts falling due within one year

6

1,065,364

907,875

NET CURRENT ASSETS

1,421,420

1,253,177

TOTAL ASSETS LESS CURRENT LIABILITIES

1,993,288

1,663,839

PROVISIONS FOR LIABILITIES

142,967

94,750

NET ASSETS

1,850,321

1,569,089

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,850,221

1,568,989

SHAREHOLDERS' FUNDS

1,850,321

1,569,089

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2025 and were signed by:

SL Massam - Director

1.	STATUTORY INFORMATION

Massams Supplies 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on 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.

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.

Financial instruments

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Trade and other creditors are initially recognised at the transaction price and are therefore stated at amortised cost using the effective interest method unless the discounting would be immaterial, in which case they are stated at cost.

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

912,508

33,773

279,705

1,225,986

Additions

33,685

11,256

316,950

361,891

Disposals

(37,583

)

(2,889

)

(103,164

)

(143,636

)

At 31 March 2025

908,610

42,140

493,491

1,444,241

DEPRECIATION

At 1 April 2024

586,005

21,062

208,257

815,324

Charge for year

89,647

5,824

95,163

190,634

Eliminated on disposal

(35,952

)

(2,215

)

(95,418

)

(133,585

)

At 31 March 2025

639,700

24,671

208,002

872,373

NET BOOK VALUE

At 31 March 2025

268,910

17,469

285,489

571,868

At 31 March 2024

326,503

12,711

71,448

410,662

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

504,541

465,275

Amounts owed by group undertakings

667,859

350,633

Other debtors

7,056

6,667

1,179,456

822,575

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

463,756

287,381

Amounts owed to group undertakings

410,000

410,000

Taxation and social security

94,867

86,904

Other creditors

96,741

123,590

1,065,364

907,875

7.	OTHER FINANCIAL COMMITMENTS

As at 31 March 2025, the company had commitments under non-cancellable operating leases over the remaining life of those leases totalling £110,000 (2024 - £150,000).

8.	ULTIMATE CONTROLLING PARTY

Massams Supplies Limited is a wholly owned subsidiary of Massams Holdings Ltd, whose registered office address is Renacres Hall Farm, Renacres Lane, Halsall, Lancashire, England, L39 8SE.