MR MAJESTIC DRINKS LIMITED

Company Registration Number:
14649774 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 08 February 2023

End date: 28 February 2024

MR MAJESTIC DRINKS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

MR MAJESTIC DRINKS LIMITED

Company Information

for the Period Ended 28 February 2024




Director: Mohammed Masood Rabbani
Registered office: 6
William Morley Close
London
England
E6 1QY
Company Registration Number: 14649774 (England and Wales)

MR MAJESTIC DRINKS LIMITED

Profit and Loss Account

for the Period Ended 28 February 2024


Notes
13 months to
28 Feb 2024
£
Turnover 390,308
Cost of sales ( 332,240 )
Gross Profit or (Loss) 58,068
Administrative Expenses ( 56,348 )
Operating Profit or (Loss) 1,720
Profit or (Loss) Before Tax 1,720
Tax on Profit ( 501 )
Profit or (Loss) for Period 1,219

The notes form part of these financial statements

MR MAJESTIC DRINKS LIMITED

Balance sheet

As at 28 February 2024


Notes
13 months to
28 Feb 2024
£
Fixed assets
Tangible assets: 4 40,000
Total fixed assets: 40,000
Current assets
Stocks: 38,382
Debtors: 5 13,764
Cash at bank and in hand: 11,501
Total current assets: 63,647
Creditors: amounts falling due within one year: 6 ( 21,297 )
Net current assets (liabilities): 42,350
Total assets less current liabilities: 82,350
Creditors: amounts falling due after more than one year: 7 ( 80,530 )
Provision for liabilities: ( 501 )
Total net assets (liabilities): 1,319

The notes form part of these financial statements

MR MAJESTIC DRINKS LIMITED

Balance sheet continued

As at 28 February 2024


Notes
13 months to
28 Feb 2024
£
Capital and reserves
Called up share capital: 100
Profit and loss account: 1,219
Shareholders funds: 1,319

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 5 March 2024
And Signed On Behalf Of The Board By:

Name: Mohammed Masood Rabbani
Status: Director

The notes form part of these financial statements

MR MAJESTIC DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the invoiced value of goods supplied by company, net of value added tax and and trade discount

    Tangible fixed assets depreciation policy

    Tangible assets are depreciated at the rate calculated to write each asset down to it estimated residual value over its expected useful life as follows:
    Motor Vehicle - 0% for first year of operation

    Valuation information and policy

    Stocks are valued at lower of cost and net realisable value

MR MAJESTIC DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    13 months to
    28 Feb 2024
    Average number of employees during the period 3

MR MAJESTIC DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 3. Off balance sheet disclosure

    No

MR MAJESTIC DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible assets

Motor vehicles Total
Cost £ £
Additions 40,000 40,000
Disposals - -
Revaluations - -
Transfers - -
At 28 February 2024 40,000 40,000
Depreciation
Charge for year - -
On disposals - -
Other adjustments - -
At 28 February 2024 - -
Net book value
At 28 February 2024 40,000 40,000

No Depreciation charged for first year

MR MAJESTIC DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

13 months to
28 Feb 2024
£
Trade debtors 8,223
Prepayments and accrued income 5,541
Total 13,764

Prepayments represent Security & Deposits (MotoNovo Finance 21679116 agreement)

MR MAJESTIC DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

6.Creditors: amounts falling due within one year note

13 months to
28 Feb 2024
£
Trade creditors 12,025
Taxation and social security 4,557
Other creditors 4,715
Total 21,297

Other creditors include accrued wages

MR MAJESTIC DRINKS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

7.Creditors: amounts falling due after more than one year

13 months to
28 Feb 2024
£
Other creditors 80,530
Total 80,530

Other creditors include Director Loan account