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Company Registration No. 11762737 (England and Wales)
HATS WORLD (MCR) LTD Unaudited accounts for the year ended 31 January 2024
HATS WORLD (MCR) LTD Unaudited accounts Contents
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HATS WORLD (MCR) LTD Company Information for the year ended 31 January 2024
Director
Mr Rahmellah Ullah
Company Number
11762737 (England and Wales)
Registered Office
49 BROUGHTON STREET MANCHESTER M8 8AN ENGLAND
Accountants
AY Accountants LLP 2nd floor, 6 Oxford street Bolton Greater Manchester BL1 1RF
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HATS WORLD (MCR) LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,321 
16,978 
Current assets
Inventories
250,755 
241,255 
Debtors
256,651 
- 
Cash at bank and in hand
402,022 
125,658 
909,428 
366,913 
Creditors: amounts falling due within one year
(243,208)
183,496 
Net current assets
666,220 
550,409 
Net assets
680,541 
567,387 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
680,441 
567,287 
Shareholders' funds
680,541 
567,387 
For the year ending 31 January 2024 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 24 October 2024 and were signed on its behalf by
Mr Rahmellah Ullah Director Company Registration No. 11762737
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HATS WORLD (MCR) LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
HATS WORLD (MCR) LTD is a private company, limited by shares, registered in England and Wales, registration number 11762737. The registered office is 49 BROUGHTON STREET, MANCHESTER, M8 8AN, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
25% Reducing Balance Method
Computer equipment
25% Reducing Balance Method
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
22,790 
1,611 
6,305 
30,706 
Additions
- 
- 
2,104 
2,104 
At 31 January 2024
22,790 
1,611 
8,409 
32,810 
Depreciation
At 1 February 2023
9,971 
805 
2,952 
13,728 
Charge for the year
3,195 
201 
1,365 
4,761 
At 31 January 2024
13,166 
1,006 
4,317 
18,489 
Net book value
At 31 January 2024
9,624 
605 
4,092 
14,321 
At 31 January 2023
12,819 
806 
3,353 
16,978 
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HATS WORLD (MCR) LTD Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
66,033 
- 
Other debtors
190,618 
- 
256,651 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,557 
18,026 
Trade creditors
142,495 
(276,384)
Taxes and social security
81,707 
22,062 
Other creditors
2,019 
50,024 
Loans from directors
- 
776 
Accruals
2,000 
2,000 
Deferred income
8,430 
- 
243,208 
(183,496)
7
Transactions with related parties
Rahmellah Ullah (director) controls the company by his and his associate's 100% ownership of the company's share capital. During the year dividends were paid to Rahmellah Ullah (director) amounting to 74,000 (2023 84,000)
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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