Company Registration No. 04982895 (England and Wales)
Mayfair Upholstery Limited
Unaudited accounts
for the year ended 31 December 2023
Mayfair Upholstery Limited
Unaudited accounts
Contents
Mayfair Upholstery Limited
Company Information
for the year ended 31 December 2023
Secretary
Mrs Rucksana Patel
Company Number
04982895 (England and Wales)
Registered Office
Unit 4A Bay Street
Blackburn
Lancashire
BB1 5NJ
England
Mayfair Upholstery Limited
Statement of financial position
as at 31 December 2023
Tangible assets
35,653
36,667
Cash at bank and in hand
440,818
381,825
Creditors: amounts falling due within one year
(226,531)
(229,309)
Net current assets
261,112
206,267
Net assets
296,765
242,934
Called up share capital
1
1
Profit and loss account
296,764
242,933
Shareholders' funds
296,765
242,934
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 August 2024 and were signed on its behalf by
Mr Yunus Patel
Director
Company Registration No. 04982895
Mayfair Upholstery Limited
Notes to the Accounts
for the year ended 31 December 2023
Mayfair Upholstery Limited is a private company, limited by shares, registered in England and Wales, registration number 04982895. The registered office is Unit 4A Bay Street, Blackburn, Lancashire, BB1 5NJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
16,135
64,043
80,178
At 31 December 2023
16,135
69,493
85,628
At 1 January 2023
13,208
30,303
43,511
Charge for the year
586
5,878
6,464
At 31 December 2023
13,794
36,181
49,975
At 31 December 2023
2,341
33,312
35,653
At 31 December 2022
2,927
33,740
36,667
Amounts falling due within one year
Trade debtors
35,488
41,413
Mayfair Upholstery Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
25,890
34,602
Trade creditors
129,519
136,441
Taxes and social security
16,300
18,214
Loans from directors
37,502
28,897
7
Average number of employees
During the year the average number of employees was 6 (2022: 6).