Masons HPS Limited - Accounts to registrar (filleted) - small 18.2

Masons HPS Limited - Accounts to registrar (filleted) - small 18.2

MASONS HPS LIMITED - Company Information

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REGISTERED NUMBER: 10401730 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

MASONS HPS LIMITED
MASONS HPS LIMITED (REGISTERED NUMBER: 10401730)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASONS HPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTOR: J Mason





REGISTERED OFFICE: Unit 3, Shelley Farm
Shelley Lane
Ower
Romsey
Hamsphire
SO51 6AS





REGISTERED NUMBER: 10401730 (England and Wales)





ACCOUNTANTS: Buckleys
Chartered Accountants
Unit 3, Shelley Farm
Shelley Lane
Ower
Romsey
Hampshire
SO51 6AS
Page 1
MASONS HPS LIMITED (REGISTERED NUMBER: 10401730)

BALANCE SHEET
30 SEPTEMBER 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,687 20,297

CURRENT ASSETS
Stocks 1,000 2,000
Debtors 5 8,087 48,301
9,087 50,301
CREDITORS
Amounts falling due within one year 6 42,499 70,586
NET CURRENT LIABILITIES (33,412 ) (20,285 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(31,725
)
12

CREDITORS
Amounts falling due after more than
one year
7
12,744
-
NET (LIABILITIES)/ASSETS (44,469 ) 12

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (44,470 ) 11
SHAREHOLDERS' FUNDS (44,469 ) 12

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 notes form part of these financial statements

Page 2 continued...
MASONS HPS LIMITED (REGISTERED NUMBER: 10401730)

BALANCE SHEET - continued
30 SEPTEMBER 2019


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
18 September 2020 and were signed by:





J Mason - Director


The notes form part of these financial statements

Page 3
MASONS HPS LIMITED (REGISTERED NUMBER: 10401730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019


1. STATUTORY INFORMATION

Masons HPS 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.

Page 4 continued...
MASONS HPS LIMITED (REGISTERED NUMBER: 10401730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


2. ACCOUNTING POLICIES - continued

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 5 (2018 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2018 3,000 27,750 30,750
Disposals - (27,750 ) (27,750 )
At 30 September 2019 3,000 - 3,000
DEPRECIATION
At 1 October 2018 750 9,703 10,453
Charge for year 563 - 563
Eliminated on disposal - (9,703 ) (9,703 )
At 30 September 2019 1,313 - 1,313
NET BOOK VALUE
At 30 September 2019 1,687 - 1,687
At 30 September 2018 2,250 18,047 20,297

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade debtors 3,428 43,725
Other debtors 1,242 1,242
Directors' current accounts 3,417 3,334
8,087 48,301

Page 5 continued...
MASONS HPS LIMITED (REGISTERED NUMBER: 10401730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Bank loans and overdrafts 24,368 19,619
Trade creditors 4,299 42,275
Social security and other taxes - 2,792
VAT 8,938 5,830
Loan from J Guard 4,824 -
Accrued expenses 70 70
42,499 70,586

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.19 30.9.18
£    £   
Other creditors 12,744 -

8. RELATED PARTY DISCLOSURES

At 30 September 2019 the company was owed £3,417 (2018: £3,334) from the Director. No
interest has be charged by the Company in respect of this loan which is repayable on demand
and classified in debtors due within one year.

Page 6