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Company No: 05163060 (England and Wales)

# MASCE LIMITED

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

MASCE LIMITED

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

MASCE LIMITED

## COMPANY INFORMATION

For the financial year ended 31 July 2025
MASCE LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 July 2025

DIRECTOR | Janice Margaret Dunphy

SECRETARIES | Aidan Dunphy
| Janice Margaret Dunphy

REGISTERED OFFICE | The Arena
| Cliftongate Business Park
| Wigginton Road
| York
| YO32 2RH
| United Kingdom

COMPANY NUMBER | 05163060 (England and Wales)

ACCOUNTANT | Ian Walker and Co
| Wellington House
| Aviator Court
| York
| YO30 4UZ
| United Kingdom

MASCE LIMITED

## BALANCE SHEET

As at 31 July 2025
MASCE LIMITED

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 932 |  | 712
Tangible assets | 4 | 1,060,840 |  | 1,066,615
Investments | 5 | 101 |  | 101
|  | 1,061,873 |  | 1,067,428
Current assets |  |  |  |
Debtors | 6 | 10,872 |  | 6,748
Cash at bank and in hand | 7 | 389,932 |  | 319,205
|  | 400,804 |  | 325,953
Creditors: amounts falling due within one year | 8 | ( 409,293) |  | ( 427,021)
Net current liabilities |  | (8,489) |  | (101,068)
Total assets less current liabilities |  | 1,053,384 |  | 966,360
Creditors: amounts falling due after more than one year | 9 | ( 717,146) |  | ( 555,371)
Provision for liabilities | 10 | ( 145,146) |  | ( 109,811)
Net assets |  | 191,092 |  | 301,178
Capital and reserves |  |  |  |
Called-up share capital | 11 | 108 |  | 108
Profit and loss account |  | 190,984 |  | 301,070
Total shareholders' funds |  | 191,092 |  | 301,178

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

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Masce Limited (registered number: 05163060) were approved and authorised for issue by the Director on 19 December 2025. They were signed on its behalf by:

Janice Margaret Dunphy Director |

MASCE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
MASCE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Masce Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Arena, Cliftongate Business Park, Wigginton Road, York, YO32 2RH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets | not amortised

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | 10 - 25 years straight line
Plant and machinery | 5 years straight line
Fixtures and fittings | 15 % reducing balance
Computer equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 52 |  | 53

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 August 2024 | 712 |  | 712
Additions | 220 |  | 220
At 31 July 2025 | 932 |  | 932
Accumulated amortisation |  |  |
At 01 August 2024 | 0 |  | 0
At 31 July 2025 | 0 |  | 0
Net book value |  |  |
At 31 July 2025 | 932 |  | 932
At 31 July 2024 | 712 |  | 712

#### 4. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 August 2024 | 1,052,763 |  | 876,203 |  | 245,063 |  | 61,404 |  | 2,235,433
Additions | 101,760 |  | 33,470 |  | 37,799 |  | 2,856 |  | 175,885
Disposals | ( 3,404) |  | ( 16,708) |  | 0 |  | ( 27,343) |  | ( 47,455)
At 31 July 2025 | 1,151,119 |  | 892,965 |  | 282,862 |  | 36,917 |  | 2,363,863
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 August 2024 | 408,390 |  | 521,864 |  | 191,985 |  | 46,579 |  | 1,168,818
Charge for the financial year | 54,744 |  | 106,438 |  | 10,978 |  | 6,255 |  | 178,415
Disposals | ( 1,017) |  | ( 16,652) |  | 0 |  | ( 26,541) |  | ( 44,210)
At 31 July 2025 | 462,117 |  | 611,650 |  | 202,963 |  | 26,293 |  | 1,303,023
Net book value |  |  |  |  |  |  |  |  |
At 31 July 2025 | 689,002 |  | 281,315 |  | 79,899 |  | 10,624 |  | 1,060,840
At 31 July 2024 | 644,373 |  | 354,339 |  | 53,078 |  | 14,825 |  | 1,066,615

#### 5. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 August 2024 | 101 |  | 101
At 31 July 2025 | 101 |  | 101
Carrying value at 31 July 2025 | 101 |  | 101
Carrying value at 31 July 2024 | 101 |  | 101

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 10,872 |  | 6,748

#### 7. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 389,932 |  | 319,205

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 10,947 |  | 70,000
Trade creditors | 68,400 |  | 12,023
Other taxation and social security | 54,341 |  | 80,475
Obligations under finance leases and hire purchase contracts | 4,583 |  | 4,633
Other creditors | 271,022 |  | 259,890
| 409,293 |  | 427,021

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 70,000
Amounts owed to Group undertakings | 717,146 |  | 471,471
Obligations under finance leases and hire purchase contracts | 0 |  | 13,900
| 717,146 |  | 555,371

There are no amounts included above in respect of which any security has been given by the small entity.

#### 10. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 109,811) |  | ( 85,632)
Charged to the Profit and Loss Account | ( 35,335) |  | ( 24,179)
At the end of financial year | ( 145,146) |  | ( 109,811)

#### 11. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100
2 B Ordinary shares of £ 1.00 each | 2 |  | 2
2 C Ordinary shares of £ 1.00 each | 2 |  | 2
2 D Ordinary shares of £ 1.00 each | 2 |  | 2
2 E Ordinary shares of £ 1.00 each | 2 |  | 2
| 108 |  | 108

#### 12. Financial commitments

Other financial commitments

| 2025 |  | 2024
| £ |  | £
Rental Lease | 3,793,354 |  | 4,061,780

The total amount of financial commitments not included on the balance sheet. The rental payments are distributed between the group subsidiaries.

#### 13. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Remuneration | 12,600 |  | 12,600
Contributions paid to pension | 60,000 |  | 60,000
Dividends | 70,000 |  | 87,400