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
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
Majestic Building Services Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
26,767
34,423
Cash at bank and in hand
230,735
228,754
Creditors: amounts falling due within one year
(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
(23,387)
(31,318)
Provisions for liabilities
Deferred tax
(7,093)
(9,122)
Net assets
169,794
121,259
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
Majestic Building Services Ltd
Notes to the Accounts
for the year ended 31 January 2025
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.
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.
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.
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 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.
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.
Majestic Building Services Ltd
Notes to the Accounts
for the year ended 31 January 2025
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.
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
At 31 January 2025
54,656
3,547
58,203
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
At 31 January 2025
24,746
2,021
26,767
At 31 January 2024
32,995
1,428
34,423
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
5,543
7,390
Amounts falling due within one year
Trade debtors
140,361
66,372
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,839
4,839
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
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
Obligations under finance leases and hire purchase contracts
-
3,092
8
Deferred taxation
2025
2024
Accelerated capital allowances
7,093
9,122
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.