8270555falsethe sale of clothing.2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 8270555

MSJ Martial Arts Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS

MSJ Martial Arts Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
S WU
REGISTERED OFFICE
115 Alma Road
Plymouth
PL3 4HG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 8270555
ACCOUNTANTS
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS

MSJ Martial Arts Supplies Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

MSJ Martial Arts Supplies Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
CURRENT ASSETS
Stock8,7475,869
Debtors31,5431,543
Cash at bank and in hand4,3422,615
14,63210,027
CREDITORS: Amounts falling due within one year44,6945,150
NET CURRENT ASSETS9,9384,877
TOTAL ASSETS LESS CURRENT LIABILITIES9,9384,877
CREDITORS: Amounts falling due after more than one year59,2043,035
NET ASSETS7341,842
CAPITAL AND RESERVES
Called up share capital7300300
Profit and loss account4341,542
SHAREHOLDERS' FUNDS7341,842
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/11/2023 and signed on their behalf by
.............................
S WU
Director

MSJ Martial Arts Supplies Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. STOCK 20232022
££
Stock comprises:
Stock8,7475,869
8,7475,869
3. DEBTORS 20232022
££
Amounts falling due within one year
Prepayments1,5431,543
1,5431,543

MSJ Martial Arts Supplies Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax4,0204,511
Bank Loan639639
Other creditors35-
4,6945,150
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr1,8382,361
Directors loans > 1 year7,366674
9,2043,035
Included in Creditors is a loan outstanding from S Wu (a Director) of £7,366 (2022 £674).The loan is interest free and repayable after more than 1 year.
6. EMPLOYEES
20232022
No.No.
Average number of employees1-
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
300 Class 1 shares of £1 each300300
300300