IRIS Accounts Production v24.1.0.576 08267575 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure082675752022-04-30082675752023-04-30082675752022-05-012023-04-30082675752021-04-30082675752021-05-012022-04-30082675752022-04-3008267575ns16:EnglandWales2022-05-012023-04-3008267575ns15:PoundSterling2022-05-012023-04-3008267575ns11:Director12022-05-012023-04-3008267575ns11:PrivateLimitedCompanyLtd2022-05-012023-04-3008267575ns11:SmallEntities2022-05-012023-04-3008267575ns11:AuditExempt-NoAccountantsReport2022-05-012023-04-3008267575ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3008267575ns11:SmallCompaniesRegimeForAccounts2022-05-012023-04-3008267575ns11:FullAccounts2022-05-012023-04-3008267575ns11:Director22022-05-012023-04-3008267575ns11:RegisteredOffice2022-05-012023-04-3008267575ns6:CurrentFinancialInstruments2023-04-3008267575ns6:CurrentFinancialInstruments2022-04-3008267575ns6:Non-currentFinancialInstruments2023-04-3008267575ns6:Non-currentFinancialInstruments2022-04-3008267575ns6:ShareCapital2023-04-3008267575ns6:ShareCapital2022-04-3008267575ns6:RetainedEarningsAccumulatedLosses2023-04-3008267575ns6:RetainedEarningsAccumulatedLosses2022-04-3008267575ns6:PlantMachinery2022-05-012023-04-3008267575ns6:PlantMachinery2022-04-3008267575ns6:PlantMachinery2023-04-3008267575ns6:PlantMachinery2022-04-3008267575ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-3008267575ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-3008267575ns6:RetainedEarningsAccumulatedLosses2022-04-3008267575ns6:RetainedEarningsAccumulatedLosses2022-05-012023-04-30
REGISTERED NUMBER: 08267575 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

MAJESTIC ALUMINIUM FINISHING LTD

MAJESTIC ALUMINIUM FINISHING LTD (REGISTERED NUMBER: 08267575)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAJESTIC ALUMINIUM FINISHING LTD

Company Information
for the Year Ended 30 April 2023







DIRECTORS: A H Khan
Lady S Zafar





REGISTERED OFFICE: Premier Business Park
Queen Street
Walsall
West Midlands
WS2 9NU





REGISTERED NUMBER: 08267575 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

MAJESTIC ALUMINIUM FINISHING LTD (REGISTERED NUMBER: 08267575)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,266 9,725

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 5 170,258 172,689
Investments 6 862,063 862,063
Cash at bank and in hand 41,807 102,375
1,077,628 1,140,627
CREDITORS
Amounts falling due within one year 7 605,249 482,575
NET CURRENT ASSETS 472,379 658,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

480,645

667,777

CREDITORS
Amounts falling due after more than one year 8 41,370 93,084
NET ASSETS 439,275 574,693

CAPITAL AND RESERVES
Called up share capital 12,600 12,600
Retained earnings 9 426,675 562,093
439,275 574,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MAJESTIC ALUMINIUM FINISHING LTD (REGISTERED NUMBER: 08267575)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





A H Khan - Director


MAJESTIC ALUMINIUM FINISHING LTD (REGISTERED NUMBER: 08267575)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Majestic Aluminium Finishing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

MAJESTIC ALUMINIUM FINISHING LTD (REGISTERED NUMBER: 08267575)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 31,049
DEPRECIATION
At 1 May 2022 21,324
Charge for year 1,459
At 30 April 2023 22,783
NET BOOK VALUE
At 30 April 2023 8,266
At 30 April 2022 9,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 155,266 159,653
Other debtors 14,992 13,036
170,258 172,689

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 862,063 862,063

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,103 47,492
Taxation and social security 574,680 420,884
Other creditors 17,466 14,199
605,249 482,575

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 41,370 93,084

MAJESTIC ALUMINIUM FINISHING LTD (REGISTERED NUMBER: 08267575)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. RESERVES
Retained
earnings
£   

At 1 May 2022 562,093
Profit for the year 199,582
Dividends (335,000 )
At 30 April 2023 426,675

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Lady S Zafar.