Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30No description of principal activity2022-07-01truefalse11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07273864 2022-07-01 2023-06-30 07273864 2021-07-01 2022-06-30 07273864 2023-06-30 07273864 2022-06-30 07273864 2021-07-01 07273864 c:Director1 2022-07-01 2023-06-30 07273864 d:FurnitureFittings 2022-07-01 2023-06-30 07273864 d:FurnitureFittings 2023-06-30 07273864 d:FurnitureFittings 2022-06-30 07273864 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07273864 d:ComputerEquipment 2022-07-01 2023-06-30 07273864 d:ComputerEquipment 2023-06-30 07273864 d:ComputerEquipment 2022-06-30 07273864 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07273864 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07273864 d:CurrentFinancialInstruments 2023-06-30 07273864 d:CurrentFinancialInstruments 2022-06-30 07273864 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07273864 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 07273864 d:ShareCapital 2023-06-30 07273864 d:ShareCapital 2022-06-30 07273864 d:ShareCapital 2021-07-01 07273864 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 07273864 d:RetainedEarningsAccumulatedLosses 2023-06-30 07273864 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 07273864 d:RetainedEarningsAccumulatedLosses 2022-06-30 07273864 d:RetainedEarningsAccumulatedLosses 2021-07-01 07273864 c:FRS102 2022-07-01 2023-06-30 07273864 c:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 07273864 c:FullAccounts 2022-07-01 2023-06-30 07273864 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07273864 2 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 07273864










MDJ MANAGEMENT SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
MDJ MANAGEMENT SERVICES LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Statement of changes in equity
 
 
4
Notes to the financial statements
 
 
5 - 9


 
MDJ MANAGEMENT SERVICES LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MDJ MANAGEMENT SERVICES LIMITED
FOR THE YEAR ENDED 30 JUNE 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MDJ Management Services Limited for the year ended 30 June 2023 which comprise the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of MDJ Management Services Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MDJ Management Services Limited  and state those matters that we have agreed to state to the director of MDJ Management Services Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MDJ Management Services Limited and its director for our work or for this report. 

It is your duty to ensure that MDJ Management Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MDJ Management Services Limited. You consider that MDJ Management Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of MDJ Management Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
10 October 2023
Page 1

 
MDJ MANAGEMENT SERVICES LIMITED
REGISTERED NUMBER: 07273864

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 3 
3,350
2,399

  
3,350
2,399

Current assets
  

Debtors: amounts falling due within one year
 4 
10,500
9,648

Cash at bank and in hand
 5 
42,334
50,510

  
52,834
60,158

Creditors: amounts falling due within one year
 6 
(11,004)
(11,180)

Net current assets
  
 
 
41,830
 
 
48,978

Total assets less current liabilities
  
45,180
51,377

  

Net assets
  
45,180
51,377


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
45,179
51,376

  
45,180
51,377


Page 2

 
MDJ MANAGEMENT SERVICES LIMITED
REGISTERED NUMBER: 07273864

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 October 2023.



M. JOHN
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
MDJ MANAGEMENT SERVICES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 July 2021
1
37,633
37,634



Profit for the year
-
26,743
26,743

Dividends: Equity capital
-
(13,000)
(13,000)



At 1 July 2022
1
51,376
51,377


Comprehensive income for the year

Profit for the year
-
23,803
23,803

Dividends: Equity capital
-
(30,000)
(30,000)


At 30 June 2023
1
45,179
45,180


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
MDJ MANAGEMENT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.ACCOUNTING POLICIES

 
1.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
1.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
MDJ MANAGEMENT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.ACCOUNTING POLICIES (CONTINUED)

 
1.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
1.5

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.6

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 6

 
MDJ MANAGEMENT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.ACCOUNTING POLICIES (CONTINUED)

 
1.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.11

FINANCIAL INSTRUMENTS

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 7

 
MDJ MANAGEMENT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.ACCOUNTING POLICIES (CONTINUED)

 
1.12

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1  (2022 - 1).


3.


TANGIBLE FIXED ASSETS





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
2,592
8,348
10,940


Additions
-
2,069
2,069



At 30 June 2023

2,592
10,417
13,009



Depreciation


At 1 July 2022
1,355
7,187
8,542


Charge for the year on owned assets
309
808
1,117



At 30 June 2023

1,664
7,995
9,659



Net book value



At 30 June 2023
928
2,422
3,350



At 30 June 2022
1,237
1,161
2,398

Page 8

 
MDJ MANAGEMENT SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


DEBTORS

2023
2022
£
£


Trade debtors
9,705
-

Other debtors
795
374

Prepayments and accrued income
-
9,274

10,500
9,648



5.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
42,334
50,510



6.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,698

Corporation tax
5,389
6,521

Other creditors
3,265
961

Accruals and deferred income
2,350
2,000

11,004
11,180



7.


PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the scheme are held seperately from
those of the company in an independtly authorised fund. The pension cost charged represents contributions
payable by the company to the fund.


Page 9