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REGISTERED NUMBER: 10100021 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

MAJOR HOLDINGS LIMITED

MAJOR HOLDINGS LIMITED (REGISTERED NUMBER: 10100021)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MAJOR HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: L J McKenzie
Mrs F McKenzie





REGISTERED OFFICE: 34 Island Centre Way
Enfield
EN3 6GS





REGISTERED NUMBER: 10100021 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

MAJOR HOLDINGS LIMITED (REGISTERED NUMBER: 10100021)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,128 -
Tangible assets 5 1,252,161 828,313
Investments 6 41,075 -
1,302,364 828,313

CURRENT ASSETS
Debtors 7 269,839 162,293
Cash at bank and in hand 10,671 1,811
280,510 164,104
CREDITORS
Amounts falling due within one year 8 868,975 282,361
NET CURRENT LIABILITIES (588,465 ) (118,257 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

713,899

710,056

CREDITORS
Amounts falling due after more than one
year

9

499,124

411,713
NET ASSETS 214,775 298,343

CAPITAL AND RESERVES
Called up share capital 200 200
Non distributable reserves 10 49,642 49,642
Retained earnings 164,933 248,501
SHAREHOLDERS' FUNDS 214,775 298,343

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.

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 9 February 2024 and were signed on its behalf by:



L J McKenzie - Director


MAJOR HOLDINGS LIMITED (REGISTERED NUMBER: 10100021)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Major Holdings Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer equipment - over 5 years
Motor Vehicles - over 4 years
Vehicle Registrations - not depreciated

Motor vehicle Depreciation is based on estimates of future residual values or on guaranteed residual values.

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 statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

MAJOR HOLDINGS LIMITED (REGISTERED NUMBER: 10100021)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 10,142
At 30 April 2023 10,142
AMORTISATION
Charge for year 1,014
At 30 April 2023 1,014
NET BOOK VALUE
At 30 April 2023 9,128

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 May 2022 928,017
Additions 1,145,142
Disposals (708,718 )
At 30 April 2023 1,364,441
DEPRECIATION
At 1 May 2022 99,704
Charge for year 95,800
Eliminated on disposal (83,224 )
At 30 April 2023 112,280
NET BOOK VALUE
At 30 April 2023 1,252,161
At 30 April 2022 828,313

Cost or valuation at 30 April 2023 is represented by:

Plant and
machinery
etc
£   
Valuation in 2023 1,364,441

MAJOR HOLDINGS LIMITED (REGISTERED NUMBER: 10100021)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 May 2022 712,116
Additions 840,266
Disposals (359,993 )
At 30 April 2023 1,192,389
DEPRECIATION
At 1 May 2022 82,364
Charge for year 109,123
Eliminated on disposal (69,588 )
At 30 April 2023 121,899
NET BOOK VALUE
At 30 April 2023 1,070,490
At 30 April 2022 629,752

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 41,075
At 30 April 2023 41,075
NET BOOK VALUE
At 30 April 2023 41,075

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,736 2,117
Other debtors 265,103 160,176
269,839 162,293

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 145,627 42,051
Hire purchase contracts 488,954 119,700
Trade creditors 24,097 32,695
Taxation and social security 65,208 29,803
Other creditors 145,089 58,112
868,975 282,361

MAJOR HOLDINGS LIMITED (REGISTERED NUMBER: 10100021)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 21,672 38,825
Hire purchase contracts 477,452 372,888
499,124 411,713

10. RESERVES
Non
distributable
reserves
£   
At 1 May 2022
and 30 April 2023 49,642