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REGISTERED NUMBER: 06010781 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 October 2023

for

MAJOR MAHIL SERVICES LIMITED

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


MAJOR MAHIL SERVICES LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTORS: M S Mahil
Mrs B K Mahil





SECRETARY: Mrs B Kaur Mahil





REGISTERED OFFICE: Royal London House
35 Paradise Street
Birmingham
B1 2AJ





REGISTERED NUMBER: 06010781 (England and Wales)





ACCOUNTANTS: Skeh Accountants Limited
61B
Caroline Street
The Jewellery Quarter
Birmingham
West Midlands
B3 1UF

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Report of the Directors
for the Year Ended 31 October 2023

The directors present their report with the financial statements of the company for the year ended 31 October 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Letting Agency

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

M S Mahil
Mrs B K Mahil

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M S Mahil - Director


31 July 2024

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Income Statement
for the Year Ended 31 October 2023

31.10.23 31.10.22
£    £    £    £   

REVENUE 447,820 463,359

Cost of sales 18,924 -
GROSS PROFIT 428,896 463,359

Distribution costs 43,345 6,992
Administrative expenses 304,179 309,930
347,524 316,922
OPERATING PROFIT 81,372 146,437

Interest receivable and
similar income

57

-
81,429 146,437

Interest payable and similar
expenses

18,169

4,128
PROFIT BEFORE TAXATION 63,260 142,309

Tax on profit 12,501 27,054
PROFIT FOR THE FINANCIAL YEAR 50,759 115,255

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 12,133 9,585

CURRENT ASSETS
Debtors 5 59,565 129,565
Cash at bank and in hand 73,392 113,783
132,957 243,348
CREDITORS
Amounts falling due within one
year

6

(47,897

)

91,621
NET CURRENT ASSETS 180,854 151,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,987

161,312

CREDITORS
Amounts falling due after more
than one year

7

(68,743

)

(68,743

)

PROVISIONS FOR LIABILITIES (1,185 ) (1,185 )

ACCRUALS AND DEFERRED INCOME (1 ) (1 )
NET ASSETS 123,058 91,383

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,958 91,283
SHAREHOLDERS' FUNDS 123,058 91,383

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 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.

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Balance Sheet - continued
31 October 2023


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

The financial statements were approved by MR Major Mahil the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





M S Mahil - Director


MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

MAJOR MAHIL SERVICES 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
Revenue 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2022 - 4 ).

MAJOR MAHIL SERVICES LIMITED (Registered number: 06010781)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2022 9,585
Additions 2,548
At 31 October 2023 12,133
NET BOOK VALUE
At 31 October 2023 12,133
At 31 October 2022 9,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 39,472 39,472
Amounts recoverable on
contract

20,093

90,093
59,565 129,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts - 7,127
Trade creditors 2,912 27,446
Taxation and social security 77,322 56,758
Other creditors (128,131 ) 290
(47,897 ) 91,621

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 27,250 27,250
Taxation and social security 44,155 44,155
Other creditors (2,662 ) (2,662 )
68,743 68,743