Majorlift Holdings Limited 04616837 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of a holding company for a trading subsidiary. Digita Accounts Production Advanced 6.30.9574.0 true false true true 04616837 2022-04-01 2023-03-31 04616837 2023-03-31 04616837 bus:OrdinaryShareClass1 2023-03-31 04616837 bus:OrdinaryShareClass2 2023-03-31 04616837 bus:OrdinaryShareClass3 2023-03-31 04616837 core:CurrentFinancialInstruments 2023-03-31 04616837 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04616837 bus:SmallEntities 2022-04-01 2023-03-31 04616837 bus:Audited 2022-04-01 2023-03-31 04616837 bus:FullAccounts 2022-04-01 2023-03-31 04616837 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04616837 bus:RegisteredOffice 2022-04-01 2023-03-31 04616837 bus:Chairman 2022-04-01 2023-03-31 04616837 bus:CompanySecretaryDirector2 2022-04-01 2023-03-31 04616837 bus:Director2 2022-04-01 2023-03-31 04616837 bus:Director3 2022-04-01 2023-03-31 04616837 bus:Director4 2022-04-01 2023-03-31 04616837 bus:Director6 2022-04-01 2023-03-31 04616837 bus:Director7 2022-04-01 2023-03-31 04616837 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04616837 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 04616837 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 04616837 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04616837 core:Subsidiary1 2022-04-01 2023-03-31 04616837 core:Subsidiary1 1 2022-04-01 2023-03-31 04616837 core:Subsidiary1 countries:AllCountries 2022-04-01 2023-03-31 04616837 countries:AllCountries 2022-04-01 2023-03-31 04616837 core:CostValuation 2022-03-31 04616837 2021-04-01 2022-03-31 04616837 2022-03-31 04616837 bus:OrdinaryShareClass1 2022-03-31 04616837 bus:OrdinaryShareClass2 2022-03-31 04616837 bus:OrdinaryShareClass3 2022-03-31 04616837 core:CurrentFinancialInstruments 2022-03-31 04616837 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04616837 core:Subsidiary1 1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04616837

Majorlift Holdings Limited

Filleted Financial Statements

for the Year Ended 31 March 2023

 

Majorlift Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Majorlift Holdings Limited

Company Information

Chairman

W H Gardiner

Directors

D F Abel Smith

L M Abel Smith

E V D Abel Smith

D McLean

T J W Southgate

S V Bowcock

Company secretary

D McLean

Registered office

Arnolds Field Estate
Wickwar
Wotton-Under-Edge
Gloucestershire
GL12 8JD

Auditors

Roberts & Co (Bristol) Limited
Chartered Accountants & Statutory Auditors
24 High Street
Chipping Sodbury
Bristol
BS37 6AH

 

Majorlift Holdings Limited

(Registration number: 04616837)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,677,851

1,677,851

Current assets

 

Debtors

5

-

6,180

Creditors: Amounts falling due within one year

6

(1,417,133)

(1,381,313)

Net current liabilities

 

(1,417,133)

(1,375,133)

Net assets

 

260,718

302,718

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

260,618

302,618

Shareholders' funds

 

260,718

302,718

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 October 2023 and signed on its behalf by:
 

.........................................
W H Gardiner
Chairman

 

Majorlift Holdings Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Arnolds Field Estate
Wickwar
Wotton-Under-Edge
Gloucestershire
GL12 8JD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Majorlift Holdings Limited

Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 17 October 2023 was Peter Roberts, who signed for and on behalf of Roberts & Co (Bristol) Limited.

.........................................

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Majorlift Holdings Limited

Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Majorlift Holdings Limited

Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)

4

Investments

2023
£

2022
£

Investments in subsidiaries

1,677,851

1,677,851

Subsidiaries

£

Cost or valuation

At 1 April 2022

1,677,851

Provision

Carrying amount

At 31 March 2023

1,677,851

At 31 March 2022

1,677,851

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Majorlift Hydraulic Equipment Limited

Arnolds Field Estate, Wickwar, Wotton Under Edge, Gloucestershire, GL12 8JD.

England & Wales

Ordinary Shares

100%

100%

Subsidiary undertakings

Majorlift Hydraulic Equipment Limited

The principal activity of Majorlift Hydraulic Equipment Limited is the manufacture of hydraulic equipment.

 

Majorlift Holdings Limited

Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)

5

Debtors

2023
£

2022
£

Other debtors

-

6,180

-

6,180

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,415,333

1,380,499

Other creditors

 

1,800

814

 

1,417,133

1,381,313

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A Shares of £1 each

40

40

40

40

Ordinary B Shares of £1 each

40

40

40

40

Ordinary C Shares of £1 each

20

20

20

20

 

100

100

100

100