Registered number
11531552
MAHARAJA ENTERPRISE LIMITED
Filleted Accounts
31 August 2023
MAHARAJA ENTERPRISE LIMITED
Registered number: 11531552
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 13,538
Current assets
Stocks - 32,448
Debtors 4 2,329 3,593
Cash at bank and in hand 3,506 9,005
5,835 45,046
Creditors: amounts falling due within one year 5 (17,955) (64,045)
Net current liabilities (12,120) (18,999)
Net liabilities (12,120) (5,461)
Capital and reserves
Called up share capital 100 100
Profit and loss account (12,220) (5,561)
Shareholders' funds (12,120) (5,461)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jasdeep Kaur Sohal
Director
Approved by the board on 28 August 2024
MAHARAJA ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 15,413
Disposals (15,413)
At 31 August 2023 -
Depreciation
At 1 September 2022 1,875
On disposals (1,875)
At 31 August 2023 -
Net book value
At 31 August 2023 -
At 31 August 2022 13,538
4 Debtors 2023 2022
£ £
Other debtors 2,329 3,593
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 29 28
Other creditors 17,926 64,017
17,955 64,045
6 Other information
MAHARAJA ENTERPRISE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Sinckot House
211 Station Road
Harrow
HA1 2TP
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