Company Registration No. 02837030 (England and Wales)
MAHARAJA TEXTILES LIMITED
Unaudited accounts
for the year ended 31 March 2024
MAHARAJA TEXTILES LIMITED
Unaudited accounts
Contents
MAHARAJA TEXTILES LIMITED
Company Information
for the year ended 31 March 2024
Directors
Manmohan Singh
Ravinder Singh Midha
Company Number
02837030 (England and Wales)
Registered Office
UNIT 1, RUBY MAHARAJA UNIT
VALLEY PARADE
BRADFORD
BD8 7DZ
ENGLAND
Accountants
iTax Accountants ®
241 Manningham Lane
Bradford
West Yorkshire
BD8 7ER
MAHARAJA TEXTILES LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
3,192
6,384
Inventories
274,230
238,015
Cash at bank and in hand
20,464
38,230
Creditors: amounts falling due within one year
(823,115)
(693,293)
Net current assets
64,327
423,241
Called up share capital
25,000
25,000
Revaluation reserve
1,080,437
1,080,437
Profit and loss account
(1,036,207)
(674,101)
Shareholders' funds
69,230
431,336
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by
Ravinder Singh Midha
Director
Company Registration No. 02837030
MAHARAJA TEXTILES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
MAHARAJA TEXTILES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02837030. The registered office is UNIT 1, RUBY MAHARAJA UNIT, VALLEY PARADE, BRADFORD, BD8 7DZ, ENGLAND.
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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:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
122,113
195,356
245,431
15,960
578,860
At 31 March 2024
122,113
195,356
245,431
15,960
578,860
At 1 April 2023
122,113
195,356
245,431
9,576
572,476
Charge for the year
-
-
-
3,192
3,192
At 31 March 2024
122,113
195,356
245,431
12,768
575,668
At 31 March 2024
-
-
-
3,192
3,192
At 31 March 2023
-
-
-
6,384
6,384
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Investments
Other investments
Valuation at 1 April 2023
1,711
Valuation at 31 March 2024
1,711
MAHARAJA TEXTILES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
31,614
359,538
Deferred tax asset
530,284
446,094
Other debtors
20,442
20,442
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
160,027
115,404
Obligations under finance leases and hire purchase contracts
10,655
26,500
Trade creditors
127,260
42,013
Amounts owed to group undertakings and other participating interests
(1,187)
(22,662)
Taxes and social security
(2,216)
3,357
Other creditors
279,373
191,738
Loans from directors
249,203
336,943
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Average number of employees
During the year the average number of employees was 9 (2023: 11).