1 June 2022 false No description of principal activity Taxfiler 2023.11.1 06919123business:PrivateLimitedCompanyLtd2022-06-012023-05-31 069191232022-05-31 069191232022-06-012023-05-31 06919123business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 06919123business:FilletedAccounts2022-06-012023-05-31 069191232023-05-31 06919123business:Director12022-06-012023-05-31 06919123business:RegisteredOffice2022-06-012023-05-31 069191232022-05-31 06919123core:WithinOneYear2023-05-31 06919123core:WithinOneYear2022-05-31 06919123core:AfterOneYear2023-05-31 06919123core:AfterOneYear2022-05-31 06919123core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 06919123core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 06919123core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 06919123core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 06919123core:PreviouslyStatedAmount2023-05-31 06919123core:PreviouslyStatedAmount2022-05-31 06919123business:SmallEntities2022-06-012023-05-31 06919123countries:EnglandWales2022-06-012023-05-31 06919123core:FurnitureFittings2022-06-012023-05-31 06919123core:FurnitureFittings2022-05-31 06919123core:FurnitureFittings2023-05-31 06919123business:Director112022-06-012023-05-31 06919123business:Director112022-05-31 06919123business:Director112023-05-31 069191232021-06-012022-05-31 iso4217:GBP xbrli:pure
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
Page
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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
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MAHARAJA FABRICS LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,406 
1,715 
Current assets
Inventories
72,450 
60,545 
Debtors
448,349 
429,518 
Cash at bank and in hand
1,743 
2,968 
522,542 
493,031 
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)
Capital and reserves
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
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MAHARAJA FABRICS LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
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:
Fixtures & fittings
18%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
18,376 
At 31 May 2023
18,376 
Depreciation
At 1 June 2022
16,661 
Charge for the year
309 
At 31 May 2023
16,970 
Net book value
At 31 May 2023
1,406 
At 31 May 2022
1,715 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
65,758 
46,927 
Other debtors
382,591 
382,591 
448,349 
429,518 
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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 
VAT
36,912 
41,346 
Trade creditors
194,116 
210,615 
Taxes and social security
2,329 
536 
Other creditors
- 
902 
Accruals
1,000 
- 
234,357 
261,275 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,086 
40,086 
Amounts owed to group undertakings and other participating interests
332,623 
270,123 
Other creditors
902 
- 
Loans from directors
639,136 
662,654 
1,002,747 
972,863 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Jasvinder Pal Singh
Director's loan account
(662,654)
- 
- 
(662,654)
(662,654)
- 
- 
(662,654)
9
Transactions with related parties
Bradford Bazaar Limited
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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