REGISTERED NUMBER: 05616744 (England and Wales)

MAJOR STYLES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Patel

SECRETARY:

Mrs R Patel

REGISTERED OFFICE:

64 Sloper Road

Cardiff

SOUTH GLAMORGAN

CF11 8AB

REGISTERED NUMBER:

05616744 (England and Wales)

FIXED ASSETS

Tangible assets

4

245,331

149,864

CURRENT ASSETS

Stocks

5

950

1,050

Debtors

6

649,785

545,378

Cash at bank and in hand

1,099,505

1,068,795

1,750,240

1,615,223

CREDITORS

Amounts falling due within one year

7

373,358

605,422

NET CURRENT ASSETS

1,376,882

1,009,801

TOTAL ASSETS LESS CURRENT LIABILITIES

1,622,213

1,159,665

CREDITORS

Amounts falling due after more than one year

8

(49,303

)

(3,914

)

PROVISIONS FOR LIABILITIES

11

(58,080

)

(37,053

)

NET ASSETS

1,514,830

1,118,698

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,514,829

1,118,697

SHAREHOLDERS' FUNDS

1,514,830

1,118,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2026 and were signed by:

R Patel - Director

1.	STATUTORY INFORMATION

Major Styles Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making his assessment, the director has reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with his continued support.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making his assessment, the director has reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with his continued support.

At the date of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The director continues to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Turnover represents sales of goods and diagnostic services rendered by the company, excluding value added tax recognised at the point of sale.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

Over term of lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the leases.

Assets under hire purchase are classified as such whenever the terms of the agreement transfer substatially all the risks and rewards of ownership to the lessees.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliable estimated.

Where there are a number of similar obligations, the likelihood that an outflow of economic benefits will be required in settlement is determined by considering the class of obligation as a whole. A provision is recognised even if the likelihood of an outflow with respect of any one item in the same class of obligations may be small.

Provisions are not made for future operating losses.

Provisions are measures at the present value of the cost expected to be required to settle the obligation using a pre-tax rate that reflects current market assessment of the time value of money and the risks specific to the obligation. The increase in the provision due to the passing of time is recognised as a cost in the income statement.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2025

32,514

199,505

17,538

Additions

11,500

48,858

10,570

At 31 January 2026

44,014

248,363

28,108

DEPRECIATION

At 1 February 2025

3,834

96,247

11,124

Charge for year

794

32,694

3,710

At 31 January 2026

4,628

128,941

14,834

NET BOOK VALUE

At 31 January 2026

39,386

119,422

13,274

At 31 January 2025

28,680

103,258

6,414

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

33,708

3,218

286,483

Additions

65,394

3,723

140,045

At 31 January 2026

99,102

6,941

426,528

DEPRECIATION

At 1 February 2025

22,677

2,737

136,619

Charge for year

6,862

518

44,578

At 31 January 2026

29,539

3,255

181,197

NET BOOK VALUE

At 31 January 2026

69,563

3,686

245,331

At 31 January 2025

11,031

481

149,864

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

64,594

At 31 January 2026

64,594

DEPRECIATION

Charge for year

4,037

At 31 January 2026

4,037

NET BOOK VALUE

At 31 January 2026

60,557

5.

STOCKS

2026

2025

£

£

Stocks

950

1,050

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

275,343

169,498

Other debtors

374,442

375,880

649,785

545,378

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 9)

3,538

10,042

Hire purchase contracts (see note 10)

8,138

-

Trade creditors

89,090

190,459

Taxation and social security

116,759

233,971

Other creditors

155,833

170,950

373,358

605,422

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 9)

-

3,914

Hire purchase contracts (see note 10)

49,303

-

49,303

3,914

9.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

3,538

10,042

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

3,914

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

8,138

-

Between one and five years

49,303

-

57,441

-

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

58,080

37,053

Deferred

tax

£

Balance at 1 February 2025

37,053

Accelerated capital allowances

21,027

Balance at 31 January 2026

58,080

12.	TRANSACTIONS WITH DIRECTORS

As at 31 January 2026 the company owed the director £66,657 (2025: £165,500) which is included within the creditors amounts falling due within one year.

The balance is interest free and repayable on demand.

13.	RELATED PARTY DISCLOSURES

At the reporting date the company was owed £370,000 (2025 : £370,000) from Project A Design Ltd, a company in which the director holds an interest. The balance is included in debtors falling due within one year.

The company paid rent of £42,000 (2025 : £36,000) to Major Motor Services Limited a company in which director holds an interest.

During the year, purchases with a value of £60,000 (2025: £70,000) were made from Major Motor Services Limited a company in which director holds an interest.

At the end of the year £78,503 (2025: £84,000) was owed by the company to Major Motor Services Limited. This balance is considered interest free and repayable on demand.