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COMPANY REGISTRATION NUMBER: 10083100
MEJ Limited
Filleted Unaudited Financial Statements
31 March 2023
MEJ Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
53,722
40,814
Current assets
Stocks
15,550
10,550
Debtors
6
127,519
82,883
Cash at bank and in hand
46,059
93,188
---------
---------
189,128
186,621
Creditors: amounts falling due within one year
7
43,584
40,198
---------
---------
Net current assets
145,544
146,423
---------
---------
Total assets less current liabilities
199,266
187,237
Creditors: amounts falling due after more than one year
8
22,361
31,085
Provisions
9,732
7,175
---------
---------
Net assets
167,173
148,977
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
167,172
148,976
---------
---------
Shareholders funds
167,173
148,977
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MEJ Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 24 October 2023 , and are signed on behalf of the board by:
Mr G J Pearson
Director
Company registration number: 10083100
MEJ Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured as the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Motor vehicles
-
20% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 1 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2022
45,644
10,250
55,894
Additions
26,744
26,744
--------
--------
--------
At 31 March 2023
72,388
10,250
82,638
--------
--------
--------
Depreciation
At 1 April 2022
6,742
8,338
15,080
Charge for the year
12,486
1,350
13,836
--------
--------
--------
At 31 March 2023
19,228
9,688
28,916
--------
--------
--------
Carrying amount
At 31 March 2023
53,160
562
53,722
--------
--------
--------
At 31 March 2022
38,902
1,912
40,814
--------
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
56,667
40,021
Other debtors
70,852
42,862
---------
--------
127,519
82,883
---------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
6,248
6,248
Trade creditors
15,123
9,027
Corporation tax
7,260
10,864
Social security and other taxes
13,031
12,657
Other creditors
1,922
1,402
--------
--------
43,584
40,198
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
22,361
31,085
--------
--------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr G J Pearson
33,050
60,812
( 33,920)
59,942
--------
--------
--------
--------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr G J Pearson
12,611
134,610
( 114,171)
33,050
--------
---------
---------
--------