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REGISTERED NUMBER: 04896804 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MAJOR (NORTHAMPTON) LIMITED

MAJOR (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 04896804)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAJOR (NORTHAMPTON) LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2023







DIRECTOR: Mr N A Major





REGISTERED OFFICE: Hamilton Office Park
31 High View Close
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 04896804 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

MAJOR (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 04896804)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,860 24,775
36,860 24,775

CURRENT ASSETS
Stocks 15,634 15,872
Debtors 6 15,253 5,561
Cash at bank and in hand 91,007 158,705
121,894 180,138
CREDITORS
Amounts falling due within one year 7 82,623 103,140
NET CURRENT ASSETS 39,271 76,998
TOTAL ASSETS LESS CURRENT LIABILITIES 76,131 101,773

CREDITORS
Amounts falling due after more than one
year

8

(15,833

)

(25,833

)

PROVISIONS FOR LIABILITIES (6,987 ) (4,707 )
NET ASSETS 53,311 71,233

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 53,211 71,133
SHAREHOLDERS' FUNDS 53,311 71,233

MAJOR (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 04896804)

BALANCE SHEET - continued
31 October 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 July 2024 and were signed by:





Mr N A Major - Director


MAJOR (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 04896804)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023


1. STATUTORY INFORMATION

Major (Northampton) 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.

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.

Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other period if events or changes in circumstances indicate that the carrying value may not be recoverable.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.


MAJOR (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 04896804)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued
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 19 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 100,000
AMORTISATION
At 1 November 2022
and 31 October 2023 100,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

MAJOR (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 04896804)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023


5. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 November 2022 27,446 7,480 104,853
Additions - 229 2,450
At 31 October 2023 27,446 7,709 107,303
DEPRECIATION
At 1 November 2022 19,213 6,630 89,450
Charge for year 2,744 127 2,586
At 31 October 2023 21,957 6,757 92,036
NET BOOK VALUE
At 31 October 2023 5,489 952 15,267
At 31 October 2022 8,233 850 15,403

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 - 19,679 159,458
Additions 18,585 - 21,264
At 31 October 2023 18,585 19,679 180,722
DEPRECIATION
At 1 November 2022 - 19,390 134,683
Charge for year 3,485 237 9,179
At 31 October 2023 3,485 19,627 143,862
NET BOOK VALUE
At 31 October 2023 15,100 52 36,860
At 31 October 2022 - 289 24,775

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,251 1,251
Tax 9,194 -
Prepayments 4,808 4,310
15,253 5,561

MAJOR (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 04896804)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 18,202 29,153
Corporation tax 8,948 12,921
Social security and other taxes 2,746 4,444
VAT 14,800 18,871
Net wages 22,988 22,676
Pension 542 501
Directors' current accounts 1,652 1,548
Accrued expenses 2,745 3,026
82,623 103,140

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,833 15,833
15,833 25,833

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100