1 February 2024 false No description of principal activity Taxfiler 2024.6 12411840 business:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 12411840 2024-01-31 12411840 2024-02-01 2025-01-31 12411840 business:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 12411840 business:FilletedAccounts 2024-02-01 2025-01-31 12411840 2025-01-31 12411840 business:Director1 2024-02-01 2025-01-31 12411840 business:Director2 2024-02-01 2025-01-31 12411840 business:RegisteredOffice 2024-02-01 2025-01-31 12411840 2024-01-31 12411840 core:WithinOneYear 2025-01-31 12411840 core:WithinOneYear 2024-01-31 12411840 core:AfterOneYear 2025-01-31 12411840 core:AfterOneYear 2024-01-31 12411840 core:ShareCapital core:PreviouslyStatedAmount 2025-01-31 12411840 core:ShareCapital core:PreviouslyStatedAmount 2024-01-31 12411840 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-01-31 12411840 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-01-31 12411840 core:PreviouslyStatedAmount 2025-01-31 12411840 core:PreviouslyStatedAmount 2024-01-31 12411840 business:SmallEntities 2024-02-01 2025-01-31 12411840 countries:EnglandWales 2024-02-01 2025-01-31 12411840 core:PlantMachinery 2024-02-01 2025-01-31 12411840 core:ComputerEquipment 2024-02-01 2025-01-31 12411840 core:MotorVehicles 2024-01-31 12411840 core:ComputerEquipment 2024-01-31 12411840 core:MotorVehicles 2024-02-01 2025-01-31 12411840 core:MotorVehicles 2025-01-31 12411840 core:ComputerEquipment 2025-01-31 12411840 core:MotorVehicles core:LeasedAssetsHeldAsLessee 2025-01-31 12411840 core:MotorVehicles core:LeasedAssetsHeldAsLessee 2024-01-31 12411840 core:AcceleratedTaxDepreciationDeferredTax 2025-01-31 12411840 core:AcceleratedTaxDepreciationDeferredTax 2024-01-31 12411840 2023-01-31 12411840 2023-02-01 2024-01-31 12411840 core:BetweenOneFiveYears 2025-01-31 12411840 core:BetweenOneFiveYears 2024-01-31 iso4217:GBP xbrli:pure
Company Registration No. 12411840 (England and Wales)
Majestic Building Services Ltd Unaudited accounts for the year ended 31 January 2025
Majestic Building Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Majestic Building Services Ltd Company Information for the year ended 31 January 2025
Directors
N Wheadon L Wheadon
Company Number
12411840 (England and Wales)
Registered Office
161 Brookfield Drive Horley RH6 9NS
Accountants
Keywhites Limited 26 Grisedale Gardens Purley Surrey CR8 1EN
- 3 -
Majestic Building Services Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
26,767
34,423
Current assets
Debtors
5
142,485
67,573
Cash at bank and in hand
230,735
228,754
373,220
296,327
Creditors: amounts falling due within one year
6
(199,713)
(169,051)
Net current assets
173,507
127,276
Total assets less current liabilities
200,274
161,699
Creditors: amounts falling due after more than one year
7
(23,387)
(31,318)
Provisions for liabilities
Deferred tax
8
(7,093)
(9,122)
Net assets
169,794
121,259
Capital and reserves
Called up share capital
100
100
Profit and loss account
169,694
121,159
Shareholders' funds
169,794
121,259
For the year ending 31 January 2025 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 21 August 2025 and were signed on its behalf by
N Wheadon Director Company Registration No. 12411840
- 4 -
Majestic Building Services Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Majestic Building Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12411840. The registered office is 161 Brookfield Drive, Horley, RH6 9NS.
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
These financial statements for the year ended 31 January 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 11 below.
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.
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 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:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 5 -
Majestic Building Services Ltd Notes to the Accounts for the year ended 31 January 2025
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
54,656
2,280
56,936
Additions
-
1,267
1,267
At 31 January 2025
54,656
3,547
58,203
Depreciation
At 1 February 2024
21,661
852
22,513
Charge for the year
8,249
674
8,923
At 31 January 2025
29,910
1,526
31,436
Net book value
At 31 January 2025
24,746
2,021
26,767
At 31 January 2024
32,995
1,428
34,423
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
5,543
7,390
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
140,361
66,372
Other debtors
2,124
1,201
142,485
67,573
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,839
4,839
VAT
38,191
62,247
Obligations under finance leases and hire purchase contracts
3,092
3,710
Trade creditors
56,657
40,680
Taxes and social security
60,609
36,405
Other creditors
36,325
21,170
199,713
169,051
- 6 -
Majestic Building Services Ltd Notes to the Accounts for the year ended 31 January 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
23,387
28,226
Obligations under finance leases and hire purchase contracts
-
3,092
23,387
31,318
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
7,093
9,122
2025
2024
£
£
Provision at start of year
9,122
3,796
(Credited)/charged to the profit and loss account
(2,029)
5,326
Provision at end of year
7,093
9,122
9
Operating lease commitments
2025
2024
£
£
At 31 January 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
12,384
18,846
10
Average number of employees
During the year the average number of employees was 5 (2024: 4).
11
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 February 2023
31 January 2024
£
£
Capital and reserves (as previously stated)
109,823
130,381
Deferred tax
(3,796)
(9,122)
Capital and reserves (as restated)
106,027
121,259
Deferred tax has been provided on all timing differences as required by FRS 102 section 1a.
- 7 -