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Company Registration No. 10866481 (England and Wales)
Masons Right Price Carpets & Beds Limited Unaudited accounts for the year ended 31 July 2025
Masons Right Price Carpets & Beds Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Masons Right Price Carpets & Beds Limited Company Information for the year ended 31 July 2025
Director
Alan Mason
Company Number
10866481 (England and Wales)
Registered Office
Unit 4 Victoria Road Stoke-on-Trent Staffordshire ST4 2HS England
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Masons Right Price Carpets & Beds Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
311,481
316,835
Current assets
Inventories
28,790
31,170
Debtors
5
21,511
15,488
Cash at bank and in hand
29,659
35,575
79,960
82,233
Creditors: amounts falling due within one year
6
(146,840)
(149,892)
Net current liabilities
(66,880)
(67,659)
Total assets less current liabilities
244,601
249,176
Creditors: amounts falling due after more than one year
7
(215,775)
(228,775)
Provisions for liabilities
Deferred tax
(4,412)
(5,430)
Net assets
24,414
14,971
Capital and reserves
Called up share capital
100
100
Profit and loss account
24,314
14,871
Shareholders' funds
24,414
14,971
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 March 2026 and were signed on its behalf by
Alan Mason Director Company Registration No. 10866481
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Masons Right Price Carpets & Beds Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Masons Right Price Carpets & Beds Limited is a private company, limited by shares, registered in England and Wales, registration number 10866481. The registered office is Unit 4, Victoria Road, Stoke-on-Trent, Staffordshire, ST4 2HS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
288,258
23,000
25,302
336,560
At 31 July 2025
288,258
23,000
25,302
336,560
Depreciation
At 1 August 2024
-
5,098
14,627
19,725
Charge for the year
-
2,685
2,669
5,354
At 31 July 2025
-
7,783
17,296
25,079
Net book value
At 31 July 2025
288,258
15,217
8,006
311,481
At 31 July 2024
288,258
17,902
10,675
316,835
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Masons Right Price Carpets & Beds Limited Notes to the Accounts for the year ended 31 July 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
17,122
15,488
Accrued income and prepayments
4,389
-
21,511
15,488
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
68,402
82,116
VAT
10,539
2,563
Obligations under finance leases and hire purchase contracts
-
6,775
Trade creditors
46,462
47,765
Taxes and social security
20,612
10,102
Loans from directors
15
(239)
Accruals
810
810
146,840
149,892
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
215,775
228,775
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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