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
Mayfair Upholstery Limited
Company Information
for the year ended 31 December 2021
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
Mayfair Upholstery Limited
Statement of financial position
as at 31 December 2021
Tangible assets
7,382
8,095
Cash at bank and in hand
306,529
211,125
Creditors: amounts falling due within one year
(235,511)
(167,284)
Net current assets
151,263
110,680
Net assets
158,645
118,775
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
Mayfair Upholstery Limited
Notes to the Accounts
for the year ended 31 December 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2021
15,159
29,048
44,207
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
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
Mayfair Upholstery Limited
Notes to the Accounts
for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021
2020
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
7
Average number of employees
During the year the average number of employees was 6 (2020: 6).