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REGISTERED NUMBER: 06491911 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MAJORS LIMITED

MAJORS LIMITED (REGISTERED NUMBER: 06491911)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MAJORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S I MacGregor FCCA
Ms A E Sharpless FCCA





REGISTERED OFFICE: F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ





REGISTERED NUMBER: 06491911 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

MAJORS LIMITED (REGISTERED NUMBER: 06491911)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 325,000 325,000
Tangible assets 5 614 1,907
325,614 326,907

CURRENT ASSETS
Debtors 6 522,004 545,632
Cash at bank 44,403 46,658
566,407 592,290
CREDITORS
Amounts falling due within one year 7 206,988 206,809
NET CURRENT ASSETS 359,419 385,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,033

712,388

CREDITORS
Amounts falling due after more than
one year

8

(90,521

)

(150,638

)

PROVISIONS FOR LIABILITIES (153 ) (362 )
NET ASSETS 594,359 561,388

MAJORS LIMITED (REGISTERED NUMBER: 06491911)

BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 55,000 55,000
Retained earnings 538,359 505,388
SHAREHOLDERS' FUNDS 594,359 561,388

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.

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 24 January 2025 and were signed on its behalf by:





S I MacGregor FCCA - Director


MAJORS LIMITED (REGISTERED NUMBER: 06491911)

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

1. STATUTORY INFORMATION

Majors 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 as modified by the revaluation of certain assets.

Turnover
Turnover 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% 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.

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.

MAJORS LIMITED (REGISTERED NUMBER: 06491911)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 325,000
NET BOOK VALUE
At 30 April 2024 325,000
At 30 April 2023 325,000

Cost or valuation at 30 April 2024 is represented by:

Goodwill
£   
Valuation in 2018 55,000
Cost 270,000
325,000

The directors feels that the value of Goodwill does not depreciate as this is directly linked to the amount of Gross Recurring Fees in the business. As such a fair value, based on the following years estimated Gross Recurring Fees, will be entered each year.

5. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 May 2023
and 30 April 2024 16,061
DEPRECIATION
At 1 May 2023 14,154
Charge for year 1,293
At 30 April 2024 15,447
NET BOOK VALUE
At 30 April 2024 614
At 30 April 2023 1,907

MAJORS LIMITED (REGISTERED NUMBER: 06491911)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 95,295 122,921
Amounts recoverable on contract 40,883 22,739
Other debtors 382,975 393,319
Prepayments and accrued income 2,851 6,653
522,004 545,632

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,423 55,316
Trade creditors 4,281 10,469
Tax 25,359 15,077
Social security and other taxes 3,613 3,213
VAT 41,484 41,152
Other creditors 270 -
Directors' current accounts 34,905 45,040
Deferred income 34,561 34,625
Accrued expenses 2,092 1,917
206,988 206,809

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 48,075 60,117
Bank loans - 2-5 years 42,446 90,521
90,521 150,638

9. RESERVES
Revaluati
reserve
£   
At 1 May 2023
and 30 April 2024 55,000