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Company Registration No. 04982895 (England and Wales)
Mayfair Upholstery Limited Unaudited accounts for the year ended 31 December 2024
Mayfair Upholstery Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Mayfair Upholstery Limited Company Information for the year ended 31 December 2024
Director
Mr Yunus Patel
Secretary
Mrs Rucksana Patel
Company Number
04982895 (England and Wales)
Registered Office
Unit 4A Bay Street Blackburn Lancashire BB1 5NJ England
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Mayfair Upholstery Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
30,188 
35,653 
Current assets
Inventories
43,337 
11,337 
Debtors
5
40,624 
35,488 
Cash at bank and in hand
410,221 
440,818 
494,182 
487,643 
Creditors: amounts falling due within one year
6
(215,603)
(226,531)
Net current assets
278,579 
261,112 
Net assets
308,767 
296,765 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
308,766 
296,764 
Shareholders' funds
308,767 
296,765 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 18 September 2025 and were signed on its behalf by
Mr Yunus Patel Director Company Registration No. 04982895
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Mayfair Upholstery Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Mayfair Upholstery Limited is a private company, limited by shares, registered in England and Wales, registration number 04982895. The registered office is Unit 4A Bay Street, Blackburn, Lancashire, BB1 5NJ, 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 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
16,135 
69,493 
85,628 
At 31 December 2024
16,135 
69,493 
85,628 
Depreciation
At 1 January 2024
13,794 
36,181 
49,975 
Charge for the year
468 
4,997 
5,465 
At 31 December 2024
14,262 
41,178 
55,440 
Net book value
At 31 December 2024
1,873 
28,315 
30,188 
At 31 December 2023
2,341 
33,312 
35,653 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,624 
35,488 
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Mayfair Upholstery Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,301 
5,685 
VAT
17,373 
13,779 
Obligations under finance leases and hire purchase contracts
9,113 
20,205 
Trade creditors
138,232 
129,519 
Taxes and social security
17,582 
16,300 
Loans from directors
25,002 
37,502 
Accruals
1,000 
3,541 
215,603 
226,531 
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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