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REGISTERED NUMBER: 03229827 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

M J P Trading Limited

M J P Trading Limited (Registered number: 03229827)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M J P Trading Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: P D I Haig
A M Wills
C R I Haig





REGISTERED OFFICE: Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE





REGISTERED NUMBER: 03229827 (England and Wales)





ACCOUNTANTS: A D Accounts Limited
Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE

M J P Trading Limited (Registered number: 03229827)

Abridged Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 539 -
539 -

CURRENT ASSETS
Stocks 13,258 18,459
Debtors 7 259,306 126,292
Cash at bank 180,677 294,063
453,241 438,814
CREDITORS
Amounts falling due within one year (53,665 ) (49,792 )
NET CURRENT ASSETS 399,576 389,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,115

389,022

PROVISIONS FOR LIABILITIES (102 ) -
NET ASSETS 400,013 389,022

CAPITAL AND RESERVES
Called up share capital 8 6,000 6,000
Capital redemption reserve 40,340 40,340
Retained earnings 353,673 342,682
SHAREHOLDERS' FUNDS 400,013 389,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

M J P Trading Limited (Registered number: 03229827)

Abridged Balance Sheet - continued
31 May 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





P D I Haig - Director


M J P Trading Limited (Registered number: 03229827)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

M J P Trading 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax and the value of commissions receivable.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill- 5 years straight line

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

M J P Trading Limited (Registered number: 03229827)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 110,000
AMORTISATION
At 1 June 2022
and 31 May 2023 110,000
NET BOOK VALUE

At 31 May 2023 -
At 31 May 2022 -

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 4,423
Additions 808
At 31 May 2023 5,231
DEPRECIATION
At 1 June 2022 4,423
Charge for year 269
At 31 May 2023 4,692
NET BOOK VALUE
At 31 May 2023 539
At 31 May 2022 -

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other debtors 65,380 77,314

M J P Trading Limited (Registered number: 03229827)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6,000 Ordinary £1 6,000 6,000

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contribution payable by the company to the fund and amounted to £3,000 (2022 - £3,000). Contributions totalling £Nil (2022 - £Nil) were payable to the fund at 31 May 2023.