2021-04-01 2022-01-31 false No description of principal activity Capium Accounts Production 1.1 10107047 bus:FullAccounts 2021-04-01 2022-01-31 10107047 bus:Micro-entities 2021-04-01 2022-01-31 10107047 bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-01-31 10107047 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-01-31 10107047 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-01-31 10107047 2021-04-01 2022-01-31 10107047 2022-01-31 10107047 bus:RegisteredOffice 2021-04-01 2022-01-31 10107047 core:WithinOneYear 2022-01-31 10107047 core:AfterOneYear 2022-01-31 10107047 bus:Director1 2021-04-01 2022-01-31 10107047 bus:Director1 2022-01-31 10107047 bus:Director1 2020-04-01 2021-03-31 10107047 bus:Director2 2021-04-01 2022-01-31 10107047 bus:Director2 2022-01-31 10107047 bus:Director2 2020-04-01 2021-03-31 10107047 2020-04-01 10107047 bus:CompanySecretary1 2021-04-01 2022-01-31 10107047 2020-04-01 2021-03-31 10107047 2021-03-31 10107047 core:WithinOneYear 2021-03-31 10107047 core:AfterOneYear 2021-03-31 10107047 bus:EntityAccountantsOrAuditors 2020-04-01 2021-03-31 10107047 bus:OrdinaryShareClass1 2021-04-01 2022-01-31 10107047 bus:OrdinaryShareClass1 2022-01-31 10107047 bus:OrdinaryShareClass1 2020-04-01 2021-03-31 10107047 bus:OrdinaryShareClass1 2021-03-31 10107047 core:CostValuation core:Non-currentFinancialInstruments 2022-01-31 10107047 core:CostValuation core:Non-currentFinancialInstruments 2021-03-31 10107047 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2022-01-31 10107047 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2022-01-31 10107047 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2022-01-31 10107047 core:Non-currentFinancialInstruments 2022-01-31 10107047 core:Non-currentFinancialInstruments 2021-03-31 iso4217:GBP xbrli:shares xbrli:pure
Logo On Report
Registered Number: 10107047
England and Wales

 

 

 

MAJESTIC CARPETS & FLOORING LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2021

End date: 31 January 2022
Directors Muhammad Rafiq
Jahangir Khan
Registered Number 10107047
Registered Office 2 Nineveh Road
Handsworth
Birmingham
West Midlands
B21 0TU
Secretary Muhammad Rafiq
1
  2022   2021
    £ £   £ £
Current assets 284,851      310,090   
Creditors: amount falling due within one year (360,541)     (337,548)  
Net current liabilities   (75,690)     (27,458)
Total assets less current liabilities   (75,690)     (27,458)
Creditors: amount falling due after more than one year   (33,757)     (50,000)
Net liabilities   (109,447)     (77,458)
 

         
Capital and reserves   (109,447)     (77,589)
 
NOTES TO THE ACCOUNTS

General Information
Majestic Carpets & Flooring Limited is a private company, limited by shares, registered in England and Wales, registration number 10107047, registration address 2 Nineveh Road, Handsworth, Birmingham, West Midlands, B21 0TU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 2 (2021 : 2).


For the period ended 31 January 2022 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 period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 August 2022 and were signed on its behalf by:


--------------------------------
Muhammad Rafiq
Director
2