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Company Registration No. 04982895 (England and Wales)
Mayfair Upholstery Limited Unaudited accounts for the year ended 31 December 2021
Mayfair Upholstery Limited Unaudited accounts Contents
Page
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Mayfair Upholstery Limited Company Information for the year ended 31 December 2021
Director
Mr Yunus Patel
Secretary
Mrs Rucksana Patel
Company Number
04982895 (England and Wales)
Registered Office
Unit 4A Bay Street Blackburn Lancashire BB1 5NJ England
Accountants
AMS Accountants SBU Ltd Tadis House 455 Whalley New Road Blackburn Lancashire BB1 9SP
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Mayfair Upholstery Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,382 
8,095 
Current assets
Inventories
14,549 
15,163 
Debtors
65,696 
51,676 
Cash at bank and in hand
306,529 
211,125 
386,774 
277,964 
Creditors: amounts falling due within one year
(235,511)
(167,284)
Net current assets
151,263 
110,680 
Net assets
158,645 
118,775 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
158,644 
118,774 
Shareholders' funds
158,645 
118,775 
For the year ending 31 December 2021 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 13 September 2022 and were signed on its behalf by
Mr Yunus Patel Director Company Registration No. 04982895
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Mayfair Upholstery Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Mayfair Upholstery Limited is a private company, limited by shares, registered in England and Wales, registration number 04982895. The registered office is Unit 4A Bay Street, Blackburn, Lancashire, BB1 5NJ, 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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
14,372 
29,048 
43,420 
Additions
787 
- 
787 
At 31 December 2021
15,159 
29,048 
44,207 
Depreciation
At 1 January 2021
11,805 
23,520 
35,325 
Charge for the year
671 
829 
1,500 
At 31 December 2021
12,476 
24,349 
36,825 
Net book value
At 31 December 2021
2,683 
4,699 
7,382 
At 31 December 2020
2,567 
5,528 
8,095 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
65,696 
51,676 
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Mayfair Upholstery Limited Notes to the Accounts for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
6,307 
3,054 
Trade creditors
131,313 
105,821 
Taxes and social security
20,340 
9,148 
Other creditors
29,643 
8,629 
Loans from directors
46,908 
39,632 
Accruals
1,000 
1,000 
235,511 
167,284 
7
Average number of employees
During the year the average number of employees was 6 (2020: 6).
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