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REGISTERED NUMBER: 02673377 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

MJC ENGINEERING LIMITED

MJC ENGINEERING LIMITED (REGISTERED NUMBER: 02673377)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MJC ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2022







DIRECTORS: Mrs S Clarke
J Clarke





SECRETARY: J Clarke





REGISTERED OFFICE: 81 Cannock Street
Troon Industrial Estate
Leicester
LE4 9HR





REGISTERED NUMBER: 02673377 (England and Wales)





ACCOUNTANTS: J Raftery Accountancy
16 Brookes Avenue
Croft
Leicester
Leicestershire
LE9 3GJ

MJC ENGINEERING LIMITED (REGISTERED NUMBER: 02673377)

BALANCE SHEET
31 MAY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,277 1,634

CURRENT ASSETS
Stocks 5,800 6,000
Debtors 5 69,529 73,267
Cash at bank and in hand 65,533 74,331
140,862 153,598
CREDITORS
Amounts falling due within one year 6 56,732 64,008
NET CURRENT ASSETS 84,130 89,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,407

91,224

PROVISIONS FOR LIABILITIES 7 243 310
NET ASSETS 85,164 90,914

RESERVES
Share premium 100 100
Retained earnings 85,064 90,814
SHAREHOLDERS' FUNDS 85,164 90,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MJC ENGINEERING LIMITED (REGISTERED NUMBER: 02673377)

BALANCE SHEET - continued
31 MAY 2022


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 Board of Directors and authorised for issue on 11 September 2022 and were signed on its behalf by:




J Clarke - Director



Mrs S Clarke - Director


MJC ENGINEERING LIMITED (REGISTERED NUMBER: 02673377)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

1. STATUTORY INFORMATION

MJC Engineering 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Government grants
The small business government grant has been recognised under the performance model. This grant does not impose specified future performance related conditions on the company and is recognised as income when grant proceeds are received.

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.

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.

MJC ENGINEERING LIMITED (REGISTERED NUMBER: 02673377)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2021 99,148 7,347 6,421 112,916
Additions - 108 - 108
At 31 May 2022 99,148 7,455 6,421 113,024
DEPRECIATION
At 1 June 2021 98,050 6,811 6,421 111,282
Charge for year 194 271 - 465
At 31 May 2022 98,244 7,082 6,421 111,747
NET BOOK VALUE
At 31 May 2022 904 373 - 1,277
At 31 May 2021 1,098 536 - 1,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 68,866 72,917
Other debtors 350 350
Prepayments 313 -
69,529 73,267

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 36,718 39,107
Tax 6,389 10,574
Social security and other taxes 2,561 4,858
Pension fund 193 181
VAT 9,292 7,689
Other creditors 615 615
Directors' current accounts 264 259
Accrued expenses 700 725
56,732 64,008

7. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 243 310

MJC ENGINEERING LIMITED (REGISTERED NUMBER: 02673377)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2021 310
Provided during year (67 )
Balance at 31 May 2022 243

8. RELATED PARTY DISCLOSURES

As at 31 May 2022 an amount of £264 (2021 £259) was owed to the directors by the company. This amount is shown under creditors in the balance sheet.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J & Mrs S Clarke.