Registration number: 06688162

Masons (Louth) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Masons (Louth) Limited

Company Information

Directors

R L C Jeanes S M S Williams

Registered office

Cornmarket Louth Lincolnshire LN11 9QD

Solicitors

Sills & Betteridge St Peter's Churchyard Silver Street Lincoln Lincolnshire LN2 1EG

Masons (Louth) Limited

(Registration number: 06688162)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	122,299	116,111
Tangible assets	5	50,311	54,993
Other financial assets	6	-	18,258
		172,610	189,362
Current assets
Debtors	7	109,748	34,532
Cash at bank and in hand		161,502	109,399
		271,250	143,931
Creditors: Amounts falling due within one year	8	(245,427)	(223,266)
Net current assets/(liabilities)		25,823	(79,335)
Total assets less current liabilities		198,433	110,027
Provisions for liabilities		2,220	346
Net assets		200,653	110,373
Capital and reserves
Called up share capital	9	100	100
Retained earnings		200,553	110,273
Shareholders' funds		200,653	110,373

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... R L C Jeanes Director

......................................... S M S Williams Director

Masons (Louth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cornmarket
Louth
Lincolnshire
LN11 9QD

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in sterling which is the functional currency of the company and have been rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Masons (Louth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	5 years straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 12 (2024 - 11).

Masons (Louth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	120,696	120,696
Acquired through business combinations	18,258	18,258
At 31 March 2025	138,954	138,954
Amortisation
At 1 April 2024	4,585	4,585
Amortisation charge	12,070	12,070
At 31 March 2025	16,655	16,655
Carrying amount
At 31 March 2025	122,299	122,299
At 31 March 2024	116,111	116,111

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	39,718	50,589	90,307
Additions	4,068	9,650	13,718
At 31 March 2025	43,786	60,239	104,025
Depreciation
At 1 April 2024	18,354	16,960	35,314
Charge for the year	8,282	10,118	18,400
At 31 March 2025	26,636	27,078	53,714
Carrying amount
At 31 March 2025	17,150	33,161	50,311
At 31 March 2024	21,364	33,629	54,993

Masons (Louth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	18,258	18,258
Disposals	(18,258)	(18,258)
At 31 March 2025	-	-
Impairment
Carrying amount
At 31 March 2025	-	-

7

Debtors

Current	2025 £	2024 £
Trade debtors	85,232	33,511
Prepayments	2,170	1,021
Other debtors	22,346	-
	109,748	34,532

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	1,204	10,756
Trade creditors		36,881	39,586
Taxation and social security		106,230	31,136
Accruals and deferred income		24,862	17,618
Other creditors		76,250	124,170
		245,427	223,266

Masons (Louth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	90	90	90	90

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	1,204	10,756