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Company Registration No. 14549380 (England and Wales)
Majid Contracts Ltd Unaudited accounts for the year ended 31 December 2024
Majid Contracts Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Majid Contracts Ltd Company Information for the year ended 31 December 2024
Director
Sarjeel Majid
Company Number
14549380 (England and Wales)
Registered Office
Jsa Services Ltd 4th Floor Radius House 51 Clarendon Road, Watford Hertfordshire England WD17 1HP United Kingdom
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Majid Contracts Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
558 
1,116 
Investment property
5
84,193 
- 
84,751 
1,116 
Current assets
Debtors
6
2,660 
1,147 
Cash at bank and in hand
13,227 
34,522 
15,887 
35,669 
Creditors: amounts falling due within one year
7
(47,967)
(11,264)
Net current (liabilities)/assets
(32,080)
24,405 
Net assets
52,671 
25,521 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
52,670 
25,520 
Shareholders' funds
52,671 
25,521 
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 22 December 2025 and were signed on its behalf by
Sarjeel Majid Director Company Registration No. 14549380
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Majid Contracts Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Majid Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 14549380. The registered office is Jsa Services Ltd 4th Floor Radius House, 51 Clarendon Road, Watford, Hertfordshire, England, WD17 1HP, United Kingdom.
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 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 19 December 2022. 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 the notes 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.
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:
Computer equipment
33.33
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Majid Contracts Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
1,674 
At 31 December 2024
1,674 
Depreciation
At 1 January 2024
558 
Charge for the year
558 
At 31 December 2024
1,116 
Net book value
At 31 December 2024
558 
At 31 December 2023
1,116 
5
Investment property
2024 
£ 
Additions
84,193 
At 31 December 2024
84,193 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
637 
- 
Other debtors
2,023 
1,147 
2,660 
1,147 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,353 
4,172 
Taxes and social security
6,737 
5,808 
Other creditors
1,877 
1,284 
Loans from directors
36,000 
- 
47,967 
11,264 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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