Company Registration No. 06919123 (England and Wales)
MAHARAJA FABRICS LIMITED
Unaudited accounts
for the year ended 31 May 2023
MAHARAJA FABRICS LIMITED
Unaudited accounts
Contents
MAHARAJA FABRICS LIMITED
Company Information
for the year ended 31 May 2023
Director
Jasvinder Pal Singh
Company Number
06919123 (England and Wales)
Registered Office
36 CEMETERY ROAD
BRADFORD
WEST YORKSHIRE
BD8 9RY
MAHARAJA FABRICS LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
1,406
1,715
Cash at bank and in hand
1,743
2,968
Creditors: amounts falling due within one year
(234,357)
(261,275)
Net current assets
288,185
231,756
Total assets less current liabilities
289,591
233,471
Creditors: amounts falling due after more than one year
(1,002,747)
(972,863)
Net liabilities
(713,156)
(739,392)
Called up share capital
908,100
908,100
Profit and loss account
(1,621,256)
(1,647,492)
Shareholders' funds
(713,156)
(739,392)
For the year ending 31 May 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 5 February 2024 and were signed on its behalf by
Jasvinder Pal Singh
Director
Company Registration No. 06919123
MAHARAJA FABRICS LIMITED
Notes to the Accounts
for the year ended 31 May 2023
MAHARAJA FABRICS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06919123. The registered office is 36 CEMETERY ROAD, BRADFORD, WEST YORKSHIRE, BD8 9RY.
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
Fixtures & fittings
Amounts falling due after more than one year
Trade debtors
65,758
46,927
Other debtors
382,591
382,591
MAHARAJA FABRICS LIMITED
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
7,876
Trade creditors
194,116
210,615
Taxes and social security
2,329
536
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
332,623
270,123
Loans from directors
639,136
662,654
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
(662,654)
-
-
(662,654)
9
Transactions with related parties
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).