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
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
HATS WORLD (MCR) LTD
Statement of financial position
as at 31 January 2023
Tangible assets
16,978
22,771
Inventories
241,255
321,255
Cash at bank and in hand
125,658
255,831
Creditors: amounts falling due within one year
183,496
(42,139)
Net current assets
550,409
544,947
Net assets
567,387
567,718
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
HATS WORLD (MCR) LTD
Notes to the Accounts
for the year ended 31 January 2023
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.
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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:
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
25% Reducing Balance Method
Computer equipment
25% Reducing Balance Method
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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
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
At 31 January 2023
12,819
806
3,353
16,978
At 31 January 2022
17,092
1,208
4,471
22,771
Amounts falling due within one year
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
Trade creditors
(276,384)
(238,239)
Taxes and social security
22,062
127,034
Loans from directors
776
141,714
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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)
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Average number of employees
During the year the average number of employees was 9 (2022: 9).