Major Trading Co. Ltd - Accounts to registrar (filleted) - small 23.2.5
Major Trading Co. Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st March 2023 |
| for |
| Major Trading Co. Ltd |
| Major Trading Co. Ltd (Registered number: 04408015) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Major Trading Co. Ltd |
| Company Information |
| for the Year Ended 31st March 2023 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| 54 Newberries Avenue |
| Radlett |
| WD7 7EP |
| Major Trading Co. Ltd (Registered number: 04408015) |
| Balance Sheet |
| 31st March 2023 |
| 31/3/23 | 31/3/22 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| Net current (liabilities)/assets | ( |
) |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital |
| Fair value reserve | ( |
) | ( |
) |
| Retained earnings |
| 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. |
| Major Trading Co. Ltd (Registered number: 04408015) |
| Balance Sheet - continued |
| 31st March 2023 |
| 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 |
| Major Trading Co. Ltd (Registered number: 04408015) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2023 |
| 1. | STATUTORY INFORMATION |
| Major Trading Co. Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Computer equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, 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. |
| Major Trading Co. Ltd (Registered number: 04408015) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2022 |
| and 31st March 2023 |
| DEPRECIATION |
| At 1st April 2022 |
| Charge for year |
| At 31st March 2023 |
| NET BOOK VALUE |
| At 31st March 2023 |
| At 31st March 2022 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2022 |
| Additions |
| At 31st March 2023 |
| NET BOOK VALUE |
| At 31st March 2023 |
| At 31st March 2022 |
| The fair value of investment property has been arrived at on the basis of a valuation carried out personally by the Directors. The valuation was made on an open market value basis by reference to market evidence of transactions prices for similar properties. |
| Major Trading Co. Ltd (Registered number: 04408015) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/23 | 31/3/22 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CURRENT ASSET INVESTMENTS |
| 31/3/23 | 31/3/22 |
| £ | £ |
| Listed investments | 13,050 | 96,738 |
| Unlisted investments | 38,992 | 30,531 |
| Market value of listed investments at 31st March 2023 - £ 13,050 (2022 - £ 96,738 ). |
| Included in current asset investments are listed investments held at fair value, based on the quoted market values at the Balance Sheet date. |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/23 | 31/3/22 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |