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REGISTERED NUMBER: 02593069 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MAJESTIC INTERNATIONAL FREIGHT
FORWARDING LIMITED

MAJESTIC INTERNATIONAL FREIGHT
FORWARDING LIMITED (REGISTERED NUMBER: 02593069)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAJESTIC INTERNATIONAL FREIGHT
FORWARDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S J Oxenham
Mrs D J Oxenham





SECRETARY: Mrs D J Oxenham





REGISTERED OFFICE: Charlton House
Dour Street
DOVER
Kent
CT16 1BL





REGISTERED NUMBER: 02593069 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

MAJESTIC INTERNATIONAL FREIGHT
FORWARDING LIMITED (REGISTERED NUMBER: 02593069)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,707 37,365

CURRENT ASSETS
Debtors 5 141,872 167,470
Cash at bank and in hand 121,516 173,165
263,388 340,635
CREDITORS
Amounts falling due within one year 6 126,825 154,142
NET CURRENT ASSETS 136,563 186,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,270

223,858

CREDITORS
Amounts falling due after more than one
year

7

11,292

21,490
NET ASSETS 157,978 202,368

CAPITAL AND RESERVES
Called up share capital 9 27,501 27,501
Share premium 17,500 17,500
Retained earnings 112,977 157,367
SHAREHOLDERS' FUNDS 157,978 202,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

MAJESTIC INTERNATIONAL FREIGHT
FORWARDING LIMITED (REGISTERED NUMBER: 02593069)

BALANCE SHEET - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mrs D J Oxenham - Director


MAJESTIC INTERNATIONAL FREIGHT
FORWARDING LIMITED (REGISTERED NUMBER: 02593069)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Majestic International Freight Forwarding 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The Company's principal place of business is The Old Bakery, Dour Street, Dover Kent CT16 1AT.

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. Turnover excludes money payable to HMRC that is collected on behalf of customers, such as VAT and duties. The policies adopted for the recognition of turnover are as follows:

When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses
recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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.

MAJESTIC INTERNATIONAL FREIGHT
FORWARDING LIMITED (REGISTERED NUMBER: 02593069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangementconstitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 - 38,516 52,023 90,539
Additions 7,632 6,375 - 14,007
Disposals - (8,803 ) - (8,803 )
At 30 April 2024 7,632 36,088 52,023 95,743
DEPRECIATION
At 1 May 2023 - 19,720 33,454 53,174
Charge for year 1,526 6,479 6,372 14,377
Eliminated on disposal - (4,515 ) - (4,515 )
At 30 April 2024 1,526 21,684 39,826 63,036
NET BOOK VALUE
At 30 April 2024 6,106 14,404 12,197 32,707
At 30 April 2023 - 18,796 18,569 37,365

MAJESTIC INTERNATIONAL FREIGHT
FORWARDING LIMITED (REGISTERED NUMBER: 02593069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 127,834 152,202
Other debtors 3,495 -
Directors' current accounts - 5,717
VAT 1,948 771
Prepayments 8,595 8,780
141,872 167,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,224 9,973
Trade creditors 97,700 120,031
Tax - 13,651
Social security and other taxes 12,961 3,341
Directors' current accounts 106 -
Accrued expenses 5,834 7,146
126,825 154,142

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,450 10,225
Bank loans - 2-5 years 842 11,265
11,292 21,490

8. SECURED DEBTS

There is a bank overdraft facility in place which is secured by a charge over the Company's asset and guarantees from the Directors.

The Bounce Back Loan is guaranteed by the government.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
27,501 Ordinary 1 27,501 27,501