REGISTERED NUMBER: 00648468 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

MASON & SON (CHEMISTS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Mason

Mrs H J Lumb

SECRETARY:

Mr G Mason

REGISTERED OFFICE:

63 North Street

Whitwick

Leicestershire

LE67 5HB

REGISTERED NUMBER:

00648468 (England and Wales)

ACCOUNTANTS:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

Derbyshire

DE24 8HP

FIXED ASSETS

Intangible assets

4

135,361

157,106

Tangible assets

5

201,723

206,160

337,084

363,266

CURRENT ASSETS

Stocks

6

406,158

402,970

Debtors

7

908,944

830,803

Cash at bank and in hand

510,098

369,656

1,825,200

1,603,429

CREDITORS

Amounts falling due within one year

8

1,332,298

1,116,952

NET CURRENT ASSETS

492,902

486,477

TOTAL ASSETS LESS CURRENT LIABILITIES

829,986

849,743

CREDITORS

Amounts falling due after more than one year

9

286,327

320,393

NET ASSETS

543,659

529,350

CAPITAL AND RESERVES

Called up share capital

11

1,600

1,600

Capital redemption reserve

12

400

400

Retained earnings

12

541,659

527,350

SHAREHOLDERS' FUNDS

543,659

529,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

Mr G Mason - Director

1.	STATUTORY INFORMATION

Mason & Son (Chemists) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of fifteen years.

Goodwill arises on business acquisitions and represents the excess of the cost of acquisition over the company's interest in the net amount of identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

4% on cost

Long leasehold property

-

5% on cost

Motor vehicles

-

25% on cost

Equipment

-

10% on cost

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 101 (2025 - 101 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

370,916

AMORTISATION

At 1 February 2025

213,810

Amortisation for year

21,745

At 31 January 2026

235,555

NET BOOK VALUE

At 31 January 2026

135,361

At 31 January 2025

157,106

5.	TANGIBLE FIXED ASSETS

Long

Freehold

leasehold

Motor

property

property

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

176,701

76,681

54,180

864,713

1,172,275

Additions

-

-

16,142

5,924

22,066

Disposals

-

-

(40,625

)

-

(40,625

)

At 31 January 2026

176,701

76,681

29,697

870,637

1,153,716

DEPRECIATION

At 1 February 2025

128,331

70,990

54,180

712,614

966,115

Charge for year

-

787

4,035

21,681

26,503

Eliminated on disposal

-

-

(40,625

)

-

(40,625

)

At 31 January 2026

128,331

71,777

17,590

734,295

951,993

NET BOOK VALUE

At 31 January 2026

48,370

4,904

12,107

136,342

201,723

At 31 January 2025

48,370

5,691

-

152,099

206,160

Within motor vehicles is an asset under a hire purchase agreement. The net book value as at the year-end was £Nil (2025: £Nil). Depreciation has been charged of £Nil (2025: £6,768).

6.

STOCKS

2026

2025

£

£

Stocks

406,158

402,970

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

730,601

693,350

VAT

105,676

88,395

Prepayments

72,667

49,058

908,944

830,803

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

51,100

51,100

Hire purchase contracts (see note 10)

3,295

13,753

Trade creditors

1,124,046

965,878

Tax

9,608

-

Social security and other taxes

29,605

17,689

Other creditors

19,161

25

Accrued expenses

95,483

68,507

1,332,298

1,116,952

Hire purchase contracts are secured against the assets to which they relate.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 2-5 years

204,400

204,400

Bank loans - over 5 years

71,360

115,993

Hire purchase contracts (see note 10)

10,567

-

286,327

320,393

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - over 5 years

71,360

115,993

The above loan is secured by a fixed charge and a floating charge on the property of the company.

Hire purchase contracts are secured against the assets in which they relate.

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

3,295

13,753

Between one and five years

10,567

-

13,862

13,753

Non-cancellable

operating leases

2026

2025

£

£

Within one year

74,972

70,674

Between one and five years

220,008

210,696

In more than five years

128,848

181,522

423,828

462,892

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,600

Ordinary

£1

1,600

1,600

12.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 February 2025

527,350

400

527,750

Profit for the year

39,309

39,309

Dividends

(25,000

)

(25,000

)

At 31 January 2026

541,659

400

542,059

13.	RELATED PARTY TRANSACTIONS

The directors own the premises from which the Coalville shop operates. During the year, a rental charge of

£20,400 (2025 - £20,400) has been incurred by the company.