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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
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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
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MAHARAJA TEXTILES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,192 
6,384 
Investments
1,711 
1,711 
4,903 
8,095 
Current assets
Inventories
274,230 
238,015 
Debtors
592,748 
840,289 
Cash at bank and in hand
20,464 
38,230 
887,442 
1,116,534 
Creditors: amounts falling due within one year
(823,115)
(693,293)
Net current assets
64,327 
423,241 
Net assets
69,230 
431,336 
Capital and reserves
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
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MAHARAJA TEXTILES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
4
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 
Depreciation
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 
Net book value
At 31 March 2024
- 
- 
- 
3,192 
3,192 
At 31 March 2023
- 
- 
- 
6,384 
6,384 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
1,711 
Valuation at 31 March 2024
1,711 
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MAHARAJA TEXTILES LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
10,408 
14,215 
Trade debtors
31,614 
359,538 
Deferred tax asset
530,284 
446,094 
Other debtors
20,442 
20,442 
592,748 
840,289 
7
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 
823,115 
693,293 
8
Average number of employees
During the year the average number of employees was 9 (2023: 11).
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