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REGISTERED NUMBER: 06010781 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 October 2021

for

MAJOR MAHIL SERVICES LIMITED

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)






Contents of the Financial Statements
for the Year Ended 31 October 2021




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


MAJOR MAHIL SERVICES LIMITED

Company Information
for the Year Ended 31 October 2021







DIRECTORS: M S Mahil
Mrs B K Mahil





SECRETARY: Mrs B Kaur Mahil





REGISTERED OFFICE: Royal London House
35 Paradise Street
Birmingham
B1 2AJ





REGISTERED NUMBER: 06010781 (England and Wales)





ACCOUNTANTS: Skeh Accountants Limited
61B
Caroline Street
The Jewellery Quarter
Birmingham
West Midlands
B3 1UF

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Report of the Directors
for the Year Ended 31 October 2021

The directors present their report with the financial statements of the company for the year ended 31 October 2021.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Letting Agency

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2020 to the date of this report.

M S Mahil
Mrs B K Mahil

Both the directors, being eligible, offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M S Mahil - Director


14 September 2022

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Income Statement
for the Year Ended 31 October 2021

£   

REVENUE 541,375

Cost of sales 147,809
GROSS PROFIT 393,566

Administrative expenses 294,055
99,511

Other operating income 14,620
OPERATING PROFIT 114,131


Interest payable and similar expenses 15,140
PROFIT BEFORE TAXATION 98,991

Tax on profit 18,817
PROFIT FOR THE FINANCIAL
YEAR

80,174

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Balance Sheet
31 October 2021

Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 7,674

CURRENT ASSETS
Debtors 5 153,776
Cash at bank 159,205
312,981
CREDITORS
Amounts falling due within one year 6 27,353
NET CURRENT ASSETS 285,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,302

CREDITORS
Amounts falling due after more than
one year

7

(145,770

)

PROVISIONS FOR LIABILITIES (1,185 )

ACCRUALS AND DEFERRED INCOME (63,684 )
NET ASSETS 82,663

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Balance Sheet - continued
31 October 2021

Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 82,563
SHAREHOLDERS' FUNDS 82,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:





M S Mahil - Director


MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Notes to the Financial Statements
for the Year Ended 31 October 2021

1. STATUTORY INFORMATION

MAJOR MAHIL SERVICES 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
Revenue 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.

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.

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

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 6 .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2020
and 31 October 2021 7,674
NET BOOK VALUE
At 31 October 2021 7,674
At 31 October 2020 7,674

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
£   
Amounts recoverable on contract 153,776

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
£   
Trade creditors 8,246
Taxation and social security 18,817
Other creditors 290
27,353

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
£   
Bank loans 46,450
Taxation and social security 99,320
145,770