Majestic Gifts Ltd

Majestic Gifts Ltd from Horsham UK is a small company with an active status, established 22 years ago in January 2003. Employing just two people, the company holds £27,255 in assets and operates from a real address. Led by three directors and one owner, Majestic Gifts Ltd specializes in retail sales via mail order and internet industries.

The company's website is currently unavailable, making it difficult to determine the full extent of their online presence. However, the company operates in the retail sale via mail order houses or via internet industries.

Financially, Majestic Gifts Ltd presents a mixed picture. While current assets increased by a modest 10% to £27,000, net assets decreased by 23% to -£72,000. Bank borrowings rose by 18% to £99,000, and cash reserves fell by a significant 59% to just £200. Creditors also increased by 17% to £100,000. The company's small size—meeting two of three conditions for being classified as small—helps it maintain agility, but the decline in equity is a concern. The accounts are unaudited, which is common for small companies. The company's accountants, Andrews & O'Shea Ltd, have noted that they have not been instructed to carry out an audit, and the financial statements are prepared on a going concern basis.

Despite these challenges, Majestic Gifts Ltd appears to be holding on. The company’s directors acknowledge their responsibilities under the Companies Act, and members have not required an audit.

Registered in England/Wales under the registration number 04627753, with a registered address at RH12 5HT, Horsham, West Sussex, Fairoaks, Pondtail Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.