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Company Registration No. 11762737 (England and Wales)
HATS WORLD (MCR) LTD Unaudited accounts for the year ended 31 January 2023
HATS WORLD (MCR) LTD Unaudited accounts Contents
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HATS WORLD (MCR) LTD Company Information for the year ended 31 January 2023
Director
Mr Rahmellah Ullah
Company Number
11762737 (England and Wales)
Registered Office
49 BROUGHTON STREET MANCHESTER M8 8AN ENGLAND
Accountants
AY Accountants LLP 2nd floor, 6 Oxford street Bolton Greater Manchester BL1 1RF
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HATS WORLD (MCR) LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,978 
22,771 
Current assets
Inventories
241,255 
321,255 
Debtors
- 
10,000 
Cash at bank and in hand
125,658 
255,831 
366,913 
587,086 
Creditors: amounts falling due within one year
183,496 
(42,139)
Net current assets
550,409 
544,947 
Net assets
567,387 
567,718 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
567,287 
567,618 
Shareholders' funds
567,387 
567,718 
For the year ending 31 January 2023 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 25 October 2023 and were signed on its behalf by
Mr Rahmellah Ullah Director Company Registration No. 11762737
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HATS WORLD (MCR) LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
HATS WORLD (MCR) LTD is a private company, limited by shares, registered in England and Wales, registration number 11762737. The registered office is 49 BROUGHTON STREET, MANCHESTER, M8 8AN, 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:
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
25% Reducing Balance Method
Computer equipment
25% Reducing Balance Method
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2022
22,790 
1,611 
6,305 
30,706 
At 31 January 2023
22,790 
1,611 
6,305 
30,706 
Depreciation
At 1 February 2022
5,698 
403 
1,834 
7,935 
Charge for the year
4,273 
402 
1,118 
5,793 
At 31 January 2023
9,971 
805 
2,952 
13,728 
Net book value
At 31 January 2023
12,819 
806 
3,353 
16,978 
At 31 January 2022
17,092 
1,208 
4,471 
22,771 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
10,000 
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HATS WORLD (MCR) LTD Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
18,026 
9,630 
Trade creditors
(276,384)
(238,239)
Taxes and social security
22,062 
127,034 
Other creditors
50,024 
- 
Loans from directors
776 
141,714 
Accruals
2,000 
2,000 
(183,496)
42,139 
7
Transactions with related parties
Rahmellah Ullah (director) controls the company by his and his associate's 100% ownership of the company's share capital. During the year dividends were paid to Rahmellah Ullah (director) amounting to 84,000 (2022 60,000)
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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